Word: profitable
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...reporting the sale of Ludington Air Lines (New York-Philadelphia-Washington), to Eastern Air Transport for $250.000, TIME said: "Ludington set a new low for fares, a new high for economy of operation," added that Ludington had performed a feat unusual for an air transport line by managing to profit without an airmail subsidy the first year of its operation (1930-31). TIME erred in reporting that Ludington's $1,000,000 capitalization had been fully subscribed by the Brothers Ludington...
...bank's reasoning: for six years following the 1921 collapse the price of sugar had averaged 5? a pound. Even at 2½? General Sugar Corp. would show a profit. There seemed not the faintest possibility that the price would slump to ½? in 1932. Though National City Co. has written down its investment to $1, it still owns the stock, still has a chance to recoup...
Last week it was apparent how the Post had profited from its new feature. Publishers had never felt able to buy space in the magazine. Now Macmillan, Scribner, Houghton Mifflin and Little, Brown & Co. had been persuaded to pool resources, experiment with a one-column advt. every other week. Price: $1,800. Each publishing house will advertise one book in each insertion. First four books, already solid successes, to be advertised in the March 25 issue: The Bulpington of Blup (Macmillan), The Kennel Murder Case (Scribner), Mutiny on the Bounty (Little, Brown), Forgive Us Our Trespasses (Houghton Mifflin). Each title...
...Technocratic Terror" in a short space attacks Technocracy, Communism ("only a development of Marxism with a slight change of terminology"), and vigorously defends capitalism, private property, competition, and especially profit--the motivation of a perpetual capitalistic industrial advancement. Unemployment is explained thus, "under the market economy those who have only muscular power to sell must sell it in competition with mechanical power." Technocracy is the explanation of those who have not the brains to do what a machine cannot do, and Communism is the system made to foster these classes and keep them in power. Obviously the machine will overthrow...
...necessity of life, a comfort or a luxury, of which enough is produced to supply the living need. But need and purchasing power have not kept pace with each other. . . . The crux of the situation . . . lies in the fact that things are produced to be sold at a profit to people who want them but do not receive enough wages to pay for them." Kallen backs no panaceas, names no dark horses, urges U. S. Individualists to devise a social plan for the industrial world...