Word: profit
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Dates: during 1930-1939
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...only Republican firm to have made any political profit during the last three years of the New Deal Congress has been the North Dakota concern of Frazier & Lemke. Senior member is big, bald Lynn J. Frazier of Hoople, who sits in the Senate. Junior partner is freckle-faced William Lemke of Fargo, who does business for the firm in the House. Representative Lemke, despite his wrinkled clothes and his frequent need of a shave, has a good command of English, a well-schooled mind, an amiable disposition, a law degree from Yale, a conscientious ability far above the Congressional average...
...York City brothels on a big-business basis. Until 1933, explained Special Prosecutor Thomas E. Dewey in his opening address to the jury, the city's prostitution was an individualistic enterprise, with a few "bookers" operating small strings of "houses" (apartments). Then various racketeers decided that a handsome profit could be made by assessing each prostitute $10 per week for bail bond, on a guarantee that she would never be jailed. One autumn day Lucania, a gambler and narcotic seller known as "Lucky Luciano" or "Charlie Lucky,"summoned the bondsmen to conference in a Lower East Side restaurant. After...
...popular soak-the-rich measure, the capital gains tax places an unreasonably heavy levy on any profits made through the sale of securities on the open market. Briefly, if an investor bought General Electric Common at twenty and attempts to sell at thirty-seven, his seventeen dollar profit is so heavily taxed that he is literally compelled to hold on to the stock. The result is fatal to market stability. At a period of bullish enthusiasm when the number of buyers is unduly stimulated, the number of those who naturally be sellers is artificially restricted...
...affect these holders of securities. And, since the sale of their stocks is made prohibitively expensive by the capital gains surtax, this group will remain on the long side of the market until there is a wholesale loss of confidence with resulting collapse of values. The absence of profit taking on the way up, inevitably accelerates the inflation of values and paves the way for a deflationary debacle...
...been thinking all day if I had to give a prize to the most respectfully men it would go to the Turks, the other men felt so sad.") She turned her most dangerous mishap (a train wreck in Czechoslovakia in which 26 people were killed) into profit, when she asked damages for a black eye, got the $200 she asked...