Word: profitted
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Dates: during 1950-1959
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...equally wide margin. Every Central director was re-elected overwhelmingly, and the stockholders also approved a stock option plan for Central President Alfred E. Perlman, by which he can buy 32,000 shares at $19.88 per share, over a period of years, thus stand to net a capital-gain profit of $672,000 (at current prices...
Florence to Munich. Many festival cities are near saturation point. Last year Florence's 8,000 spare beds were entirely insufficient to handle the 600,000 out-of-towners who were in the city during the Maggio Musicale. Hardly any of the festivals show a profit (most of them are subsidized), but tradespeople consider them fine for cashing in on the tourist dollar. This summer 600,000 U.S. visitors are expected in Europe. The more dedicated festivalgoers have written for tickets a year or so in advance, but travel agencies still book a symphony concert as handily...
...lost more dwellings in the war than did Britain (7.6% v. 6.5%). it has rebuilt only 500,000 homes v. Britain's 2,000,000. Despite record sales abroad, the foreign-trade deficit was $49,500,000 in March-partly because France stubbornly concentrates on exporting such low-profit items as textiles and semifinished steels. Industry, hit by high wage costs and elaborate fringe benefits imposed by strong unions and by government fiat (to avoid strikes), has tried to recoup by price-fixing and cartel schemes rather than modernization and better production methods. Nevertheless, U.S. Ambassador Douglas Dillon (onetime...
...rather radical proposal on housing. The Conservative's policy of allowing private individuals to construct their own homes, instead of waiting their turn for publicly built ones, has succeeded moderately well. In order to outdo the Tories, Labourites have promised to urge that all houses rented for profit by individuals be purchased by local municipal authorities. The result would be equalized rents. They have also urged equality of educational opportunity by proposing that everyone who passes the entrance examination to a university receive an automatic state scholarship...
...social fabric of the highlands, Holmberg did not relieve the Indians of their obligation to work three days a week for the patron. Instead, he increased their productivity so much that returns from Vicos' cash crops rose from $2,000 a year to $10,000. The profit nicely covered the needed fertilizer, seeds, buildings and farmers' loans. The Carnegie grant (around $18,000 a year) covered the research end; the hacienda operation paid for itself almost from the start...