Word: formula
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Dates: during 1940-1949
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...assure landlords a "fair net operating income" under the new rent-control law, said Woods, his area rent offices will take a look at the books of every house and apartment owner who feels that he should get more rent. Their requests will be screened through a new formula...
...many landlords would win rent increases under the formula and how many tenants would pay bigger rent bills? It was too early to tell, said Woods. It would be several weeks before the first requests for rent hikes could be run through the mill. But one thing, said Woods, was clear: "Both landlords and tenants will be happier...
Tenants and landlords disguised their happiness well. Some tenants and labor groups quickly condemned the formula, but most weren't sure how the plan would affect them. The vocal, well-organized real-estate groups yelped in noisy pain. "It's a phony and a fraud," cried one big Boston apartment owner. Landlords claimed that Woods's formula was based on false mathematics, took no account of the value of their property. According to many landlords, they would be collecting only 2 to 3% on the "fair value" of their properties even if they could wangle an increase...
Died. William H. Luden, 90, whose modest homemade candymaking boomed into big business when, in 1900, he mixed a menthol formula into his candy and made the first menthol cough drop (he sold out 27 years later for $6,500,000); of a heart attack; in Atlantic City...
...harmonies." The only disappointed party was the Communists, who knew that an India out of the Commonwealth's charmed circle might fall to Asia's rising Red tide. Sputtered London's Daily Worker: "Unprincipled agreement . . . British imperialism has always proved adaptable in finding a formula which can suit its aims...