Word: profit
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Dates: during 1980-1989
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...revelations that the CIA, beginning with Italy in the late 1940s, has manipulated foreign elections. But in the laissez-faire 1980s, no one seems to notice or care that almost all of the U.S.'s leading political consultants are now doing roughly the same thing for fun and profit. Either way, U.S. intervention may undermine the very democratic values the nation so loudly proclaims. Maybe that old American truism should be amended to read "Politics -- and political consultants -- should stop at the water's edge...
...hitch is a May decision by the state supreme court, which upheld the initiative but ruled that insurance companies are entitled to "a fair and reasonable" profit. Most of the state's insurance firms maintained that they should be exempted on those grounds. After reviewing their profit statements, Gillespie said she found only 13 companies profitable enough to warrant rate rollbacks. She announced hearings to examine the exemption claims of 34 more firms, but further outraged critics by declaring that evaluations of more than 200 other companies could take as long as ten years to complete...
Either way, Davis is likely to score big, which is his habit. He used his oil profits in 1981 to buy 20th Century Fox, then sold it to Rupert Murdoch four years later for an estimated profit of $325 million. Davis picked up another $50 million by buying the Beverly Hills Hotel from the family of insider trader Ivan Boesky in 1986, then turning around and selling it to the Sultan of Brunei. Even Davis' "dry hole" takeover attempts often pay off. While Los Angeles investor Alfred Checchi won Northwest with a $4 billion bid, for example, Davis pocketed...
Propelled by good economic news, the Dow pushed ahead an additional 30 points last week in volatile trading, despite heavy profit taking in the final hours Friday. The Government announced that wholesale prices in July fell 0.4%, their biggest monthly drop in three years, which signaled that inflation is ebbing. During the same month, retail sales rose 0.9%, a surge that reassured investors that the economy has not stagnated. Before closing at 2683.99 for the week, the closely watched index briefly topped the all-time record of 2722.42 it set on Aug. 25, 1987. That was the heady peak from...
Their annual spawning is a sight so bizarre that it draws voyeurs from distant lands to the sandy shores some twelve miles northwest of Cape May, N.J. Lugging cameras, British journalists fly here to film the fecund scene. Japanese scientists gawk at the colossal display of concupiscence. American entrepreneurs profit from it. Biologists study it, and schoolchildren puzzle over it. Oblivious, the crabs just do their primal thing...