Word: profitted
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Dates: during 1970-1979
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Martin S. Feldstein, professor of Economics, said his study showed the decline in corporate profits since World War II reflected "the random churnings" of the business cycle and not any prolonged deterioration of the profit rate. He said political influences such as oil price controls also contributed to the declining profits...
Nordhaus's contention of a trend' towards falling profits could be used in a case for substantial tax relief for businesses. Feldstein's study showing the declining profit rate to be cyclical could be used by opponents of tax relief arguing that such stimulus is not needed, he added...
...high. The health and noise standards in the plants are much worse than the national norm. The company pension plan paid on average less than $10 a month to each worker in 1975. It paid nothing in 1970, 1971, and 1972. The company said there was no profit to share...
...slowed; consumer prices in March rose at an annual rate of 7.4%, v. 12.7% in February and 10% in January. March industrial production took its biggest jump in 19 months-1.4%-and personal income scored its largest increase in almost two years, to a record $1.486 trillion. But corporate profits, one of the most important indicators of all, were mixed. Overall they were strong, but in contrast to last year, when huge profit gains were almost universal throughout American industry, there were enough lackluster and downright poor reports to make the quarter less than cause for applause in the trading...
...number of companies showed dramatic advances. B.F. Goodrich's earnings leaped 87%, largely because of strong tire sales. General Telephone & Electronics' net was up 53%, mainly because the rising value of the Canadian dollar made profits of its Canadian operation, when converted into U.S. dollars, take a big jump. American Airlines turned a $ 1.4 million profit for the quarter, v. an $8.8 million loss for the same period last year. It was the line's best first quarter in nine years, and it mirrored the recovery of the U.S. airline industry generally as higher fares, stable fuel...