Word: netted
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Since this essential duality is true for atoms, reasoned Theorist Bohr, it must be true of all things out of which atoms are made. This general duality he called "complementarity," and proceeded to elaborate his thesis abstrusely. The net of his discourse was that if you live inside a ball, you cannot have any conception of its outside convexity, until you get outside. Then you cannot be sure of the internal concavity. Likewise you never can know all the causes of a specific result or all the effects of a single action. With uncertainty of cause & effect goes uncertainty...
...President signed the bill and many a good banker began to worry about the prospect of having his profits taken to pay the losses of bad bankers. Econostat, statistical weekly, calculated that if the deposit guarantee scheme had been in force from 1928 to 1932, 62% of the net profits of solvent banks would have been taken to pay the losses of closed banks. The banks of New England and the Middle Atlantic States having 61.5% of U. S. deposits would have had to pay 61.5% of all losses although only 19% of the bank failures were in their territory...
...Fechner of the C. C. C. had wasted $216,000 of the Government's money, since the Army could have bought such kits for 32? each. As the week wore on and the investigation continued, the Army purchase price shifted uncertainly with the testimony of various witnesses. The net impression created was that a fast-thinking supersalesman had managed to outsmart the best minds in the War Department, the Budget Bureau, the C. C. C. and the White House. Key man in the inquiry was small, wrinkled Louis McHenry Howe. President Roosevelt's No. 1 Secretary and close...
...feeling that the existing fee of $10 for a participation ticket and $4 for a locker is too high. By making the fee applicable to all men, it would be possible to reduce it to about $8, at the same time halving the locker tee, and still leave a net increase in revenue to be applied to the budget...
Profits. What the profits and losses of the firm are can be inferred in a general way from the fluctuations in its net worth: up $20,000,000 in 1928, up $27,000,000 in 1929, down $27,000,000 in 1930. down $39,000,000 in 1931, up $200,000 in 1932. But fluctuations in net worth do not take account of profits distributed, or capital brought in or taken out due to partnership changes. Income taxes are normally a better measure of a concern's profits, hut Morgan & Co., not being a corporation, does...