Word: profits
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Dates: during 1950-1959
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...those who always see but never seize the glittering tumbleweed of fortune. But after toiling as a steamboat wiper, a strikebreaker, a manufacturer's agent and a bond salesman, he switched to real estate and finally reached Nevada with a grandiose scheme, later carried out at a profit of almost half a million dollars, to peddle practically the whole eastern shore of Lake Tahoe. Nevada, at the moment, was in bad shape. Its big ranches were almost all in the hands of the banks, the cattle market had collapsed, and business was in depression. Biltz gazed on the state...
...Vadis and The Greatest Show on Earth, were doing a bigger business than ever. But the ones that cost only a million dollar or so were hardly paying their way. The "habit public" had deserted to television. Last year most of the major studios barely managed to show a profit, and their position was dangerous because they were stuck with tremendous plants which they no longer needed to make the few pictures that brought in the big green...
Lean, black-browed William Mutterperl of The Bronx came of age just in time to profit by an era in which young physicists are scouted almost as assiduously as young ballplayers. As a student at Manhattan's City College (class of '38), he proved himself a veritable Mickey Mantle among rookie scientists. By 1944 he was in the big leagues. The Government hauled him off to Cleveland's Lewis Flight Propulsion Laboratory, where he streamlined his name to Perl and directed an Air Forces research project in supersonic-aircraft design. By 1950, the year...
...penalized growth and efficiency. It hits the smaller companies hardest. It confiscates the profits needed for expansion, and keeps the return so low that small companies have found it difficult or impossible to borrow money needed for expansion. Example: Georgia's Southwire Co., which saw an opportunity to cash in on the South's utility expansion, had the ill luck to go into business in 1950 after EPT. It was able to make only 1¼% profit despite a tripling of sales-a return so low that banks would not risk giving it a loan. Michigan...
...built up the nation's largest independent cargo fleet (16 owned, 40 to 70 chartered vessels), beat out competitors by undercutting their rates, hiring tough, experienced captains (e.g., the Flying Enterprise's Henrik Kurt Carlsen), and sending his ships wherever profit beckoned. His lone-wolf ventures often provoked international incidents, State Department migraine; before and during the Korean...