Word: profit
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Dates: during 1980-1989
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...generally accepted ethical rule that journalists must not trade in stocks they report about, especially under circumstances that would allow them to profit from the effects of publicity. But the notion of an implied contract with readers is potentially so sweeping and vague that attorneys representing organizations of reporters and editors, which have all but universally condemned Winans' conduct, said they might consider taking his side if he sought to have the indictment dismissed. Argued James Clayton, co-director of the Washington-based Reporters Committee for Freedom of the Press: "There is no doubt that a reporter...
...interior-decoration fees to his New York City roommate, David Carpenter. Last week's indictment charges that in the first half of 1983, before any arrangement with the brokers, Winans and Carpenter on their own speculated on stocks about to be mentioned in the column. They made a profit of $2,859.47 on an investment of $1,814.17 in American Surgery Centers Corp. and another of $497.59 on a $1,237.50 purchase of Institutional Investors Corp...
...next day Valerie went for an interview at the Infertility Center of New York, a profit-making agency owned by Michigan Attorney Noel Keane, a pioneer in the controversial business of matching surrogate mothers with infertile parents. She was asked to fill out a five-page application, detailing her medical history and reasons for applying. Most applicants are "genuine, sincere, family-oriented women," says agency Administrator Donna Spiselman. The motives they list range from "I enjoy being pregnant" and an urge to "share maternal joy" to a need to alleviate guilt about a past abortion by bearing someone else...
...decades of nationalized industry. A majority of the new offerings are in the hands of life insurance companies, pension funds and banks, and chunks of the rest have not been sold. Speculation in the issues has been rampant as shareholders bought in, held briefly, then sold for a quick profit. The fact that relatively few investors have participated in ownership of the companies worries Thatcher's Conservatives. Without millions of shareholders to contend with, a new Labor government might have an easier time shifting back to state control...
...their current levels by Dec. 15, 1985. "This is the worst agreement I have ever recommended to the membership," said William Morrissey, president of the Wire Service Guild. But Ruhe and Geissler took a less somber view. They expect the agreement to enable U.P.I, finally to turn a profit next year...