Word: rates
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Dates: during 1940-1949
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...refugee movement each way is now at a rate of about 150,000 each week; last week it was speeded up, for both Governments hope to finish it off by mid-November. From the East Punjab into Pakistan, 2,550,000 Moslems have crossed, leaving 2,400,000 still to be evacuated; 2,275,000 Sikhs and Hindus have crossed from the West Punjab and the North-West Frontier Province into their Dominion, leaving 1,800,000, chiefly in isolated pockets, still to come. It is one of the great exchanges of population in recorded history...
...rupees ($30), a radio for 30. Parker "51" fountain pens, which used to sell for 60 rupees, now go for 5. "There is no economic exchange between Pakistan and India. India may survive this schism; Pakistan cannot. Almost its whole middle class, which was Hindu, has fled. The literacy rate, never higher than 9%, is now less than half that. Pakistan's Government is not able to support more refugees. It is trying to shut off the flood. Moslems who hear that Pakistan will not let them enter are embittered and terrified...
This low-cost luxury flowed from no horn of plenty. It resulted from an Alice-in-Wonderland exchange situation. The official exchange rate is 6.5 Peruvian soles for one U.S. dollar. But because there are not enough dollars at this rate to meet the need, the visitor can sell his travelers' checks on the free market (which is not illegal) for anywhere from 10 to 20 soles...
...profits, which reached a record high in 1946, went considerably higher in the first half of this year. So reported the Department of Commerce this week, after adding up a cross section of the returns. Profits after taxes in the first three months of 1947 were at an annual rate of $17,500,000,000-some 10% more than in last year's booming fourth quarter. The rate declined in the second quarter, tut only to $16,500,000,000, still higher than any other year's peak...
Ringing the Bell. Third-quarter earnings of the American Telephone & Telegraph Co. were $37,055,000, off $10,205,089 from the comparable period last year. The loss, said President Walter S. Gifford, would be offset in part by rate increases already granted in 26 states and asked in 15 others. Despite the lower operating profit and the heavy losses incurred during the strike last spring, A. T. & T. hoped to pay its $9 dividend again this year, and to be earning at that rate by year...