Word: profits
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Dates: during 1950-1959
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...will add 137 miles and make it the best integrated of all toll roads. The spurs and a smoothly planned system of interchanges will also help overcome the vexing problems of entry and exit that have plagued other turnpikes (the late Ernie Pyle once wrote: "For what shall it profit a man if he gain two hours in 160 miles and then lose his soul getting into Pittsburgh...
When the oil executives plot their off shore campaigns, they are sometimes ap palled, fleetingly, by the job they have undertaken. One thing they are sure of is that at first only very rich offshore oil fields can be exploited at a profit. Pools containing only 10 million barrels, though profitable on land, cannot support all the costly services demanded by offshore pro duction. When the big fields have been fully developed, the little fields can live off them, like small villages and farms between major shopping centers...
...agency $210 million in various loans and carrying charges, the agency has now got back $179 million, for a technical loss of $31 million. However, RFC has also collected $69 million in interest on its loans to B. & O. over the years, thus actually winds up with a net profit on the deal of $38 million...
Convertibility is a jawbreaker with a simple meaning. With convertible currency a man who earns money in foreign trade can change it into any other currency, spend it where he likes, without any restrictions. Convertibility would do far more than profit individual traders. Freeing currency and commerce from controls and restrictions would be the greatest spur to world trade and prosperity since World War II. The prospects are so hopeful that last week an eight-nation committee of European and U.S. officials decided to meet in Paris next month to discuss convertibility...
...wildest economic dreamers advocate full, worldwide convertibility in the near future. Britain wants first to make her nonresident, current-account sterling fully changeable into any currency. This simply means that a non-sterling country, such as France, that earned money in Britain on current sales could take its profit in dollars if it wished. The ?280 million in sterling balances piled up in past transactions and frozen in dozens of countries by exchange restrictions would be thawed gradually, probably over months or years...