Word: earners
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...time of high and rising taxes, investment in stocks is one of the few ways by which a wage or salary earner can hope to become rich-at least on paper. As a result, the number of Americans who own shares has risen to 24 million. An estimated 76 million others own stock indirectly through their holdings in pension funds and the like. Now that the market has become the prime source of a second income for many Americans, they are increasingly asking a puzzling question: What makes the market go up-and down...
With a production line geared to roll out over 1,000,000 vehicles a year, B.L.M. figures to fill 40% of the domestic market and be Britain's No. 1 export earner besides-with $700 million a year in sales abroad. "We've been thinking about it for years, but we wanted the merger on satisfactory terms," says Leyland's Sir Donald Stokes, 53, who will be deputy chairman, managing director and chief executive officer of B.L.M., with British Motor Holdings' Sir George Harriman, 59, as chairman of the board...
...will benefit all of us." Though plagued by recent troubles, Korvette obviously has high hopes too. Built for $1,500,000 from the shell of the defunct Saks-34th Street, the new store-Korvette's 45th-is meant to be the nine-state chain's biggest revenue earner, with expectations of $35 million in annual sales. The store will stress conveniently arranged, gaily displayed merchandise while playing down the head-on price rivalry that is supposed to characterize discount operations...
Daughter's Dowry. All together, East Germany has 150 china companies Though Meissen accounts for only 4% of the output, its high prices make it by far the best hard-currency earner of the lot. Since few of its wares are sold in other Iron Curtain countries-"They need their money now for other projects," is the explanation of one East German official-Meissen's eyes are fixed on the West...
...Suez Canal subtracts another $5,000,000. Even if the canal reopens, Cairo's ban on U.S., British and West German shipping will still deprive the government of $1,000,000 a week in tolls. Then there is cotton, Egypt's second biggest foreign-exchange earner after the canal. Because there is no money to spare for urgently needed insecticides, leafworms threaten to wipe out 30% of this year's crop. In desperation, the government sent almost 500,000 schoolchildren into the fields last week to pick leafworms off the plants. "We have yet another aggression...