Word: reapings
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Nordhoff has not, since 1950, publicly reported Volkswagen earnings; but they soared from an estimated $2,500,000 before taxes in 1948 to $7,500,000 in 1949, and $12,500,000 in 1953 (on sales of $100 million). Volkswagen, however, has no stockholders to reap a reward: the company's ownership (it is now in government custody) is a mystery still to be solved by the courts...
Break for Consumers. While McKay's decision made the last-ditch defenders of public power unhappy, it was good news for the small domestic and rural customers of the private utilities. Since the state keeps a close control on utility rates, they will reap the major benefits from cheaper power. Luckiest of all are the people in McKay's native Portland, Ore. They are supplied by the Portland General Electric Co., which counts on Bonneville for almost three-fourths of its power needs. Last year, when water was low and less power was generated, P.G.E...
...sent costs rocketing for colleges, religious groups and private charities, while heavy taxes have hit the private fortunes that were the sources of some of the biggest charitable gifts. But high taxes have had another effect: they have made it less costly for corporations to give to charity, thus reap large amounts of good will at cut-rate prices. Last week in a new book, Tax Planning for Foundations and Charitable Giving (Business Reports, Inc.; $12.50), Tax Experts J. K. (Your Income Tax) Lasser, William J. Casey and Walter Lord set forth how corporations and individuals can receive the most...
Gian-Carlo (The Consul) Menotti, Italian-born composer of eerie operas, was asked in Washington whether he thought composers ought to reap some of the take from jukeboxes. "Unfortunately," he said, "I'm afraid that my music will never get into jukeboxes unless ihe whole country gets neurotic...
...been the solidest political rock in the U.S. Crushed beneath the rock, the Southern Republican Party has been little more than a collection of private clubs largely run by hard-shelled political opportunists with one aim in mind: to keep the party small so they could control it and reap the patronage rewards in the years when the G.O.P. was in power in Washington. Last year, the Eisenhower landslide ripped wide cracks in the Democratic rock. The biggest political news in the U.S. this week is that a new kind of Republican Party has taken root in the South...