Word: profits
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Dates: during 1950-1959
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...golden calf." Later, addressing the Labor Party executive, he said: "There are too many gathered in the cities and towns and too few in the outlying places and along the border. There are too many middlemen and not enough productive workers. There is too much chasing after comfort, profit and riches, and not enough devoted work or pioneering or thought for the morrow. There is too much talk about brotherhood and the unity of the Jewish nation and not enough helping hands stretched out to newcomers. There are too many claims made on the state, and too few on ourselves...
...earnings of $42 million for 1955, 26% better than 1954; Manufacturers Trust (earnings: $16 million), Chemical Corn Exchange ($17 million), Guaranty Trust ($24 million) were all up from 10% to 29%. But California's huge Bank of America, the world's biggest private bank, had the biggest profit of all. It went into 1956 with resources of $9.7 billion, earnings of $66 million, both at all-time peaks. Another record-breaker: Armour & Co., after a slump in 1954, pushed to a $10.1 million profit in 1955 for a 549% gain...
...operating cost. For the Chicago-Detroit run, fuel cost only $18, about one-fourth the costs of a conventional^ train. G.M. engineers estimate that the Aerotrain can be operated 80% loaded, at fares of 2? a mile (present coach fare: 2.53? a mile) and show a profit...
Gasped Hollywood's Daily Variety: "The most amazing coup in the history of the film business." The cause of Variety's amazement was a large and lightning-quick profit turned for General Teleradio, Inc. by its canny President Thomas F. O'Neil...
...Urge to Merge. But for some, the road to profits by new construction was too costly, too timeconsuming. Another way was to merge. In 1955 a record 750 companies merged, and both the Government's antitrust lawyers and Congress fretted about the effects on competition. Yet it was the Government's own tax policy that encouraged the trend. With high corporation taxes, expansion-minded companies looked around for weak firms with tax-deductible losses to balance their gains. With even higher income-tax rates it was also a good way for the individual businessman to sell...