Word: marketeers
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Dates: during 1960-1969
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Still, there is no sign that Detroit will have to retreat very much from its early predictions of sales of 9,300,000 cars this year. General Motors captured 55% of the market during the first 20 days of last month with sales of 204,083 cars, and last week Chairman James Roche disclaimed any intention of reducing G.M.'s output in the next few weeks...
...looked ripe for plucking. It had been losing money on insurance for at least a decade, mainly because it concentrated on personal fire and casualty policies, a competitive area plagued by rising losses. Like many other hard-pressed insurance concerns, Great American concentrated on making profits in the stock market, where it accumulated a portfolio worth about $310 million-more than half its total assets of $567 million. "It's ridiculous to leave that much capital lying around when money is so expensive," says Eugene V. Klein, National General's chairman. "There are sounder uses...
...industrialized societies function today because their members have had the values of greed, rigid discipline and voracious competitiveness inculcated into them. The point is that these values, contemptible though they may seem, do enable the system to operate without breaking down, which means that garbage does get collected, food-markets do market food, consumer goods do get distributed, and the countless interlocking services necessary for modern human existence do get performed in a reasonably coherent manner. The challenge facing radicals is to show that they can replace these ugly and barren values with their own value system which stresses...
Chatô himself was more pirate than pachyderm. He loved to swoop down on an Old Master for sale on the New York art market and carry it off before slow-moving U.S. museums could get their boards of trustees to approve its purchase. He liked to boast that he once snapped up 33 pictures at the Wildenstein Gallery before lunch, then talked the Brazilian government into giving him a $3,000,000 loan to finance his purchases. As the "museum" grew, it was moved from one makeshift quarters to another. In recent years, it has been housed in Chateaubriand...
...three six-year-old Comet jets, for example, is about $400,000, but MEA listed each at $1,500,000 and paid appropriate premiums. MEA will also collect $1,500,000 for each of two destroyed Caravelles that were really worth about $900,000 apiece, and more than the market value for one lost Viscount. The new Boeing 707 is expected to bring $8,500,000, roughly what it cost. The eighth gutted plane, a VC-10, was on charter from Ghana Airways, and MEA is not responsible for its loss...