Word: worth
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Dates: during 1950-1959
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...Despite its failure to build its own army, West Germany, in the person of pfennig-pinching Finance Minister Fritz Schaffer, for months refused flatly to continue its cash contributions to the support of Allied troops in Germany. ¶ West Germany is receiving $1 billion worth of arms from the U.S. as a gift-but the only comments heard are complaints that the arms are obsolete. ¶Though Germany has accumulated $2.3 billion in gold and dollar reserves, though it has an unused budgetary surplus of $1.4 billion gathering dust in banks, Schaffer is asking the U.S. for $2 billion...
...evasion did not dispel curiosity; it doubled it. The obvious inference was that Commander Crabb had been employed by some secret arm of the government. Whatever the intelligence agency hoped to learn under the Soviet cruiser Ordzhonikidze was plainly not worth the risk of being caught at it. The furor swelled. Britain's Labor leaders had a special reason for pressing the attack. They were embarrassed by rank-and-file criticism that they had been unmannerly to B. & K. at the famous dinner party (TIME, May 7) and were anxious to convict Sir Anthony of even cruder mistreatment...
Last week the Warners signed a four-page agreement, thus ending a rags-to-riches cycle fabulous even for Hollywood. They had parlayed $150 worth of projection equipment into $68 million worth of assets and $4,000,000 in earnings (in 1955), pioneered the talkies with The Jazz Singer, and last year topped the list of box-office moneymakers with six of the first 15 hits. Now, in return for $22 million, or $27.50 a share ($3.10 above market value), the brothers handed over 800,000 shares, 33% of the outstanding common stock of the company. They still keep...
...plant (TIME, April 23), Hughes wants his Hughes Tool Co. to add planes to its electronics business, build 25 faster, longer-ranged jets for Trans World Airlines, which he also controls. First step: get CAB to lift a 1944 ruling that T.W.A. may not buy more than $10,000 worth of equipment annually from Hughes Tool...
...average for all commodities. However, many industries where demand was also high got much bigger price boosts, e.g., nonferrous metals went up 195%, lumber and wood products 305%. Furthermore, as Republic Steel President C. M. White points out, the industry's net income in relation to its worth has usually lagged well behind other industries. As one result, says White, steel stocks have a market value of only eight to ten times earnings, while chemical stocks sell at 20 to 30 times earnings. Because of this, steelmakers argue, it is far harder for them to raise cash for expansion...