Word: profitability
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Dates: during 1930-1939
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...lower their scholastic standings. First is that there are not enough young men in the country who can afford to pay for a college education, although there are many who have the ability. Second is that there are too many sub-marginal institutions which cannot operate at a profit, and thus are unable to keep up their scholastic requirements and standards. The result is that many institutions practically guarantee a degree to any student who can pay four years tuition. Thus students, who can pay the price, go to college because it is the thing to do, or because...
...that does not mean that such price reductions can come out of wages. Those who believe in the profit system must recognize that those who get the profits when business is good must bear the losses when business temporarily is slack. Those who get the profits when industry gets the volume are the ones to bear the risk of such price reductions as may be necessary to stimulate and restore volume...
...churchgoers appeared less concerned with social matters than their preachers and church organizations: only 15% were preoccupied with social injustice, the profit motive, the exploitation of natural resources...
Farmers National, the biggest grain-marketing co-operative in the U. S., is eight years old, has always been sickly. Last year it sold more than 66,000,000 bushels of grain for its members, but the only time it made any kind of profit was in 1931, when it was broker for the Grain Stabilization Corp., working for Herbert Hoover's Farm Board. A profit was such a remarkable thing for Farmers National that a few years later it was investigated by the Senate, with no particular result...
...tackled a job no other U. S. concern has ever attempted-matching German precision in making optical instruments. Today, with some 4,000 workers and a select inner circle of German-trained craftsmen, the Rochester lensmakers turn out lenses ground accurate to a millionth of an inch, at a profit of about a million dollars a year. Since 1926 when Founder J. J. Bausch died, the company has been headed by Son Edward, chairman of the board, now 83 and still active enough to enjoy bowling. He and numerous relatives have not only run Bausch & Lomb but owned...