Search Details

Word: draining (lookup in dictionary) (lookup stats)
Dates: during 1960-1960
Sort By: most recent first (reverse)


Usage:

Companies use their foreign profits, plus depreciation funds stored up abroad and local borrowing, to finance most of their expansion abroad, thus do not further aggravate the dollar drain. General Motors, which will spend abroad 25% of the $1.25 billion it has set aside for expansion next year, calculates that not more than 10% of its total overseas investment represents dollars that actually went abroad. Says Gene Leonard, managing director of G.M.'s plant in Bienne, Switzerland: "We send currency back to the U.S. instead of draining American reserves. American companies spend as little as they can from their...

Author: /time Magazine | Title: THE INVESTMENT FLOW.: THE INVESTMENT FLOW | 12/19/1960 | See Source »

...ridicule as Princeton's may be too obvious to call forth more than a tolerantly amused laugh from young and old alike; still it will attract attention, and that is probably all its progenitors hoped to achieve. The splendid points of the program, the stab at Congress that will drain its coffers painfully dry, the shaft directed at sometime patriots who in return for a sacrifice to their country now demand a neutralizing and unnecessary sacrifice, these are lost in the superficial hilarity of the thoughtless abandon of youth...

Author: NO WRITER ATTRIBUTED | Title: Veterans of Future Wars | 12/13/1960 | See Source »

Dramatic Gesture. Off to Bonn flew Treasury Secretary Robert B. Anderson to talk like a Dutch uncle to Chancellor Konrad Adenauer, demanding that the prosperous West Germans help stop the steady drain of U.S. gold reserves, which last week dipped below $18 billion for the first time since 1940. Anderson's major demand was that Adenauer shoulder the costs of keeping U.S. troops in West Germany-some $600 million per year. The Germans refused, making some promising counteroffers (see FOREIGN NEWS), but under the rigid terms set by Anderson himself the mission had to be counted a failure...

Author: /time Magazine | Title: THE NATION: The Perils of Postponement | 12/5/1960 | See Source »

...before World War II cost $6,700 a room; the Pittsburgh Hilton, finished late last year, cost $12,500 a room), Tabler says that unnecessary expenses due to obsolete building codes "can break a hotel." Older cities are not always the most backward. Dallas refused to accept a bathtub drain trap that Boston had accepted about 50 years ago. Tabler did battle, got the code updated, saved $15,000 on that one change alone...

Author: /time Magazine | Title: BUILDING: Battle of the Codes | 12/5/1960 | See Source »

...German aid fund will tap private industry for a loan of $400 million, siphon off state-government surpluses ($125 million), and drain unused Marshall Plan counterpart funds and the federal government's own customary budget surplus. Still another source: sale to the public of $125 million in shares in the Government-owned Volkswagen works, whose sales abroad have made a mighty contribution to West Germany's foreign exchange hoard. The new aid, announced Economics Minister Ludwig Erhard, would be offered to underdeveloped countries at low interest and over a long term; unlike past German pinch-pfennig credits...

Author: /time Magazine | Title: WORLD ECONOMY: Redressing the Balance | 11/28/1960 | See Source »

First | | 1 | 2 | 3 | 4 | 5 | Next | Last