Word: profit
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...restoration of capitalism and perhaps even democracy in China. This has merely changed the status of the peasant from that of a serf to that of a sharecropper. The peasants cannot buy the land they farm, and this is what matters. The essence of capitalism is not making a profit. This can be done under the barter system. The basic element is the right of the citizen to own private property. In China, all the land is owned by the Central Committee, and it is not for sale. Wallace Dace Manhattan, Kans...
Like the figures on jury verdicts, the insurers' profit-and-loss statistics are in sharp dispute. Consumer advocates insist that if adjustments are made for some quirks in insurance accounting (primarily involving the treatment of taxes, dividends and the rising paper value of investments), the industry made a net profit every year. The Insurance Information Institute, indeed, has acknowledged an industry profit after taxes of $1.7 billion last year, which it contends still amounts to a poor return...
...boils down to is a matter of statistical logic and insurer psychology. If a few giant jury awards, actual or merely possible, can offset the premiums on an entire line of insurance, the companies feel they must raise premiums for everybody until there is some hope of making a profit. This means that premiums may bear no relationship to an individual policyholder's record, and buyers of many kinds of insurance are suddenly paying three or four times as much as they did a year or so earlier. Of all places, Hartford, Conn., known as the insurance capital...
...popular imagination, crime in the California-Mexico border region flows one way: south to north, in the form of illegal immigrants looking for work or drug traffickers searching for profit. But according to a federal indictment announced last week in San Diego, crooks have been sending trouble southward, in the form of toxic waste...
...Russian. "Neither the American nor the Soviet government was prepared for the onslaught of interest," says Hermann. "Everyone with two nickels to rub together wants to be the next Sol Hurok." Many of those would-be impresarios may be disappointed, however, and it is harder to make a profit from touring companies today. Says Lee Lament, president of ICM Artists, which once presented many of the Soviet troupes: "With the rising cost of travel, hotels and union help, you just can't make the profit of 25 years...