Word: decrepit
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Today many of the shacks are decrepit and abandoned...
Ever since 1896, when the late Adolph S. Ochs bought a decrepit Manhattan daily named the New York Times for $75,000, the paper has turned a profit every year, though not what one might expect from the fattest, most prestigious newspaper in the land. Sometimes the paper's profit margin has been paper thin: as little as $61,000 in 1954-on a gross income of $1,232.000. Last week Publisher Orvil E. Dryfoos issued the Times's 1961 annual report. As daily circulation rose to a record 713,514 and Sunday circulation to a record...
When the 49th arrived last fall, the base had just been reactivated after two years of falling from seed into a shambles. The barracks were decrepit. Stray cows and pigs roamed the premises. The food was like nothing mother ever cooked. At first, there were not enough blankets, boots or underwear to go around. Worst of all to the men of the 49th, after the Berlin crisis seemed to ease, there appeared little reason for their being in uniform. Major General Harley B. West, the division commander, recognized the problem. Said he: "Fort Polk, La., is a hell...
...while, Per&243;n built his dream of world power for Argentina. With war-built exchange reserves of $1.6 billion, he bought the telephone system, the decrepit British railways, plus endless equipment for such enterprises as a battery factory, a merchant marine, airlines, petrolieum refineries, motorcycle factories. He subsidized wheat and meat for workers' tables, de-emphasized them as exports unbefitting a modern industrial nation. Everyone, high and low, sizzled steak for lunch...
Despite its productive economy, Mexico is hampered by one of the world's most decrepit tax systems, gets only 33% of its total government revenue from direct taxes v. 50% for Britain, 70.1% for the U.S. In Mexico, income from real property is taxexempt; stockholders are not required to register stock by name, thereby making it easy to evade the comparatively low 15% tax on dividends. Guatemala and Paraguay, both sorely in need of development funds, have no income taxes, although Guatemalan President Miguel Ydigoras Fuentes is trying to push one through Congress. Colombia does not tax capital gains...