Word: profits
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Dates: during 1950-1959
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Competing with the used-car dealers for choice '53-'55 models are new-car dealers, who, instead of placing their trade-ins at wholesale auctions, are selling them in their own lots to make up for sagging new-car profits. A good used auto often brings a dealer as much profit as a factory-fresh '56 model. Said one Boston Ford dealer: "You take a car that we buy for $1,000. We fix it up a bit, then sell it for $1,200 to $1,250. Our profit runs $100 to $150. That's about...
Because of election-year congressional wrangling (TIME, April 16 et seq.), the bank had got off to a late start. Most winter wheat was waving in the breezes, and most corn farmers saw more chance for profit in raising crops for the guaranteed support prices of $1.50 a bushel under acreage control or $1.25 for over allotment corn. Then came the drought. Fiery winds seared crops in Iowa, Nebraska and Kansas. Farmers looked at their parched and wilted fields, hied themselves off to the soil bank, signed on the dotted line and went back home to plow their stunted crops...
...rails' $153,000-a-mile capital investments in bridges, yards, rails, for example, is needed for the freight traffic that accounts for 87% of the roads' revenue. Eliminating passenger traffic would therefore cut fixed costs by very little, but would cut out a margin of pure profit...
...more realistic formula for measuring passenger-traffic profit and loss, Berge suggests using actual out-of-pocket costs, i.e., subtracting from total passenger revenues only those costs directly connected with maintaining passenger traffic. On this basis the ICC's $4.8 billion passenger deficit between 1947 and 1954 would turn into a $486 million profit. Taking the most recent years, during which passenger revenues dropped, Berge found only a $1,000,000 loss in 1953 v. a $705 million ICC deficit, a $38 million loss in 1954 v. a claimed $670 million deficit...
...Quick and the Dead, a hard-hitting indictment of the whole industry, Bill Waterton charged that British aircraft firms, "emasculated by safe government contracts," lack competitive drive. Fearful that the industry will be nationalized, they are less concerned with turning out fast airplanes than with turning a quick profit. As a result, the industry is shackled by incompetent, underpaid employees, overlapping programs and antiquated factories that look like "back-alley garages" beside U.S. aircraft plants. Said Pilot Waterton: "We have tried to muddle through by guess and by God. Britain [is] almost an also-ran in the aircraft stakes...