Word: recouping
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...average, a publisher of hard-cover books must sell at least 10,000 copies before he can recoup his investment. But he is faced with problems of distribution which often keep him from reaching this break-even point. The result for the industry is two-fold: first, that the editor must be both critic and businessman; second, that the publisher must constantly seek diversity--new sources of income to compensate for losses...
...Greek Cypriots, and made the mistake of inviting the Turks to join him and the Greeks in London. In his first few months in office, Macmillan had disappointed many who had expected good things of him. The Cyprus case, his first solo venture in diplomacy, represented a chance to recoup. But the Foreign Secretary made no advance soundings of either the Greeks or the Turks, was taken by surprise when the Turks took a vehemently strong position against any hint of eventual self-determination and even against Macmillan's gesture toward home rule for the Cypriots. Far from building...
Most West German workers, who lost more than weekends during World War II, have been inclined until recently to agree with Nordhoff. "They didn't want leisure; they wanted money to recoup their losses," explained an official of D.G.B., West Germany's 6,000,000-member Trade Union Federation...
With his TV station a flop, Liambey did his best to recoup with investments elsewhere. Last month one of his biggest depositors, a building contractor, discovered that the bank which held his money was using it to back a competitor. He demanded his money, but Liambey couldn't pay up. He begged the contractor to give him some time, then raced over to see his old friend Arthur Crovetto, Minister Plenipotentiary, Secretary of State, Director of the Cabinet. Crovetto was also the man who had persuaded Prince Rainier to deposit the state money in Liambey's bank. Panicked...
...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 board chairman of the Manhattan investment firm of Dillon, Read & Co.) last week surveyed the French comeback from World War II and concluded: "It is hard not to speak of miracles...