Word: peak
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Turning to corporation net profits. Nathan found that they have increased 50% over the war peak of 1943, and are approaching $15 billion for 1946 (according to Department of Commerce figures). This compares with average annual profits for 1936-39 of a little less than $4 billion. Return on net worth in the last quarter of 1946, Nathan estimated, will be 9.1%; this compares with a net return...
Wages v. Profits. But facts, like the Bible, can be used to justify almost anything. Industry economists immediately claimed that the Nathan report was full of gimmicks. One of them: he used as a standard for wages a peak period (January 1945) when labor was mining a war bonanza. On the other hand, he took as a standard for corporation profits the comparatively depressed period...
...only in a few of the jokes and situations which, half a year ago when the discharge rate was at its peak, were either funny or poignant, and which now somehow misfire, that the passage of time is evident. For instance, in one of the first scenes two soldiers are talking of the wonders of being civilians again. One is remarking to the other how great it is to be wearing the ruptured duck when the second soldier breaks in to say, "that ain't no ruptured duck, that's a bird of paradise." When one was still getting used...
...greatest prize left to modern exploration, thinks Andrews, is Amnyi Machen, a peak in eastern Tibet which may be higher than Everest. Pilots claim to have seen it from the air, but no one has measured...
...nearly normal in two days. Across the U.S., in the nick of time, manufacturers canceled orders for mass layoffs of more than 750,000. The Ford Motor Co., which had laid off 20,000, promptly called them back. The other auto companies, turning out cars at a postwar peak of 96,519 cars a week, canceled their shutdown orders, kept producing almost without interruption. But the strike may well cause a break in the all-important flow of supplies to automakers in a few weeks, force some of the plants to shut down then for a brief period...