Word: worth
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Dates: during 1950-1959
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About 3% of U.S. taxpayers earn $10,000 or more a year. Yet this small slice of the tax economy carries 36% of the nation's income-tax burden (see chart). Some high-salaried executives, C.E.D. suggests, have lost incentive because "what is left after taxes is not worth the effort." The C.E.D. thinks that "high rates of taxes make it more difficult for the individual to accumulate funds for investment, thus penalizing small business, [which] ordinarily can make use of outside financing only at excessive cost . . . The objective of this type of reduction would be to stimulate investment...
...nearly two months in the House cloakrooms and corridors, the word had been quietly circulated: 90% is worth $1.25. What it meant was that if Northern big-city Democrats would vote for rigid 90% parity farm supports, then the Democrats of the agricultural South would look kindly on labor demands for a $1.25 minimum wage law. The groundwork for the vote trade had been carefully laid, e.g., some 57,000 copies of pro-90% statements by C.I.O. President Walter Reuther and A.F.L. Leader George Meany had been sent out under the franks of Democratic members of the House Agriculture Committee...
GLEN ALDEN CORP., biggest anthracite producer (1954 sales: $74 million), is ready to diversify into other businesses. First step, just completed, is the $11,000,000 ($1.5 million cash, $8 million out of future earnings plus 100,000 shares of stock) purchase of Fort Worth's Mathes Co., which makes heat pumps, air conditioners and fans. Glen Alden is also dickering for three more companies, one to put it into oil and gas, the other two into electronics...
...with Douglas Aircraft for 40 of its speedy (365 m.p.h.) piston-engined DC-7s, the biggest order ever placed by an airline with a single manufacturer. Two days later, Northwest Airlines ordered another 14 Douglas planes costing $28 million. Together, the two boosted Douglas' backlog to 156 planes, worth more than $500 million, the highest figure in its history. At rival Lockheed, orders were on hand for $225 million worth of Constellations...
...bent, spiteful Alexander Pope and awaken fresh interest in "the master of the scalpel and the poisoned dart [who] reclothed clichés of thought so vividly that they long ago became cliches of language." He can persuade the reader that gabby Letter Writer Lady Mary Wortley Montagu is worth another whirl: "She had very few friends, but time was one of them." And he can be shrewd about such old critically-untouchables as Robinson Crusoe: "Having contrived all by himself a Little England, he turns Friday all by himself into a Little India...