Word: profits
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Dates: during 1950-1959
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Right now the H.A.A. and the University with it is saddled with a huge plant, built in the lush days of the twenties when the H.A.A. reaped a profit of over $1,000,000 per year and the stadium was jammed even for a trackmeet...
...always good politics to twist the lion's tail. It raised a laugh all the way from Capitol Hill to Cairo and Teheran. We, in England, could never understand the ingratitude of other people whom we had helped (for their own benefit of course-and our profit), but we were rich enough to shrug our shoulders and let the matter pass. Now there is little fun in twisting the poor lion's tail. Instead, a new game has been invented. Uncle Sam has a nose. If that nose gets twigged, its owner lets out a yell. What...
...pointing out the reason for the increases, Board Chairman K.T. Keller said that the profit on Chrysler cars and trucks in the first half of this year was "only 2.57% of sales as compared with 6.34 for the entire year of 1949 and 5.84% for the entire year of 1950." Ford Motor followed with its proposed increases: Ford, $41.35 to $65.91; Mercury, $40.45 to $52.52; Lincoln, $69.57 to $75.06; Cosmopolitan, $56.90 to $70.77. But they were computed only on the wholesale price; the retail increases will be bigger...
There is virtually no responsible statesmanship; most Middle Eastern leaders are either anti-Western or ineffectual (see box). The U.S. is doing little to help get the situation under control; the only people who stand to profit without making a move are the Russians. Egypt's masters have on occasion proved themselves as ineffectual as any of the others. But, by virtue of past glory and present intellectual influence, Egypt is looked on by many people in the Arab world as a potential leader. Whether or not Egypt can ever be fit for that role, the country holds...
...Maltz Foundation gets all of LeBlanc's 85,470 shares of capital stock, will license the four backers (formed into a new LeBlanc Corp.) to sell Hadacol. It will get a big slice of the company's profits, which, Maltz says, will go for medical research. LeBlanc was willing to sell for the tax advantages. Instead of paying high income taxes on company profits, he will pay only a 25% long-term capital-gains tax on the sale profit, and "make as much on this deal as I could have with Hadacol in 40 years." LeBlanc had another...