Word: pots
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...nobody's great surprise, John, 54, and Cecil Moores, 50, have fared better than bettors on their pools. The reason is simple: they take a flat 2.2% out of every pot (or some $1.6 million a year) to pay themselves and cover costs of plant and equipment. Of the rest, 30% goes to the government in taxes, 15.7% for operating expenses and 52.1% in "dividends," i.e., payoffs. The Moores brothers, said to be worth $36 million now, have long since expanded into other fields. They own a chain of 43 stores, patterned after Woolworth's, a big mail...
Maass, who teaches Government 157, Conservation of Natural Resources, and Cherington, who presides over Government 155, Regulation of Industry, have been taking pot shots at each others' views from their lecture platforms all year. Maass is expected to present the case for extensive government development of power facilities, and Cherington will argue for a plan of mixed government and private enterprise in the power field...
...banks, trust companies and brokers this week went a special SEC report on a hunt for a "pot of gold." In the pot, said SEC Chairman Donald Cook, is about $25 million. It is made up of stock in 200 corporations now being reorganized. Unless the stock is turned in on new stock, said SEC, holders will lose their investment...
...these distinguished Chinese gentlemen are, it was none of my worries to worry about them," she said discerningly. She was only interested, she said, in getting $100,000 as a commission on the sale of each of the three ships. Eventually she threw her own two tankers into the pot, too, and wound up with only $450,000, but was satisfied...
...visitor was aghast at what he saw inside: "A rather old grand piano covered in dust . . . Beneath it ... an unemptied chamber pot . . . The chairs . . . were covered with plates full of the remains of the previous evening's meal." It was an equal shock to realize that the ugly man who let him in was Beethoven himself. Concluded the baron: "I had seen the bear in his cage...