Word: profits
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Dates: during 1950-1959
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...diminished the flow of capital to private industry in South America. And this policy is a wise one. While loans to Latin governments for national improvements will continue, it is wrong for Washington to compete with private banking houses in a field that offers a legitimate area of profit. Nor is the Government willing to continue using budgeted funds to finance private gain in foreign countries...
...into this duel that the President of the U.S. stepped with an intuition about politics in 1954 which both parties could profit by. Dwight Eisenhower believes firmly in party responsibility, but, said he, the times are too perilous for extreme partisanship. Moreover, the people of the U.S. know the difference between political wild-talk and fact, and are likely to elect and re-elect on the basis of performance...
...talk of recession, Wall Street still had a strong answer. Last week the Dow-Jones averages, which had been rising for four weeks, kept bumping against their ceiling in heavy buying. But profit-taking nipped the advances, and the averages ended the week a shade below their high. Utilities set a new high for 22 years and rails were also up, though still a good bit below the 1953 high. Bears could argue that the averages included only 65 stocks, thus were not the best measure of the market's strength. But many stocks not in the averages were...
Nordhoff is scornful of the original subscribers' claims. Says he: "They put their money and their trust in the 1,000-year Hitler Reich. Why should they profit through this trust while others lost all they had?" Nevertheless, he has prudently put aside an estimated $50 million against an adverse court decision...
...businessmen, he is helping its economic future by discarding the old stratification of German industry, instituting closer relations between labor and management. Under Germany's "co-determination" laws, certain industries are required to have labor representatives on their boards of directors. Nordhoff carried this further by starting a profit-sharing plan, which is spreading to other companies. This growth of industrial democracy is one of the big reasons why Communism has made such little progress among West German workers...