Word: profitability
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Dates: during 1950-1959
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Should dope addicts get their dope free, from the Government? This course was suggested, as a way to kill the illegal drug traffic by extracting its profit motive, at hearings held in Manhattan last week by Texas Senator Price Daniel's Narcotics Subcommittee. The proposal split the experts-doctors and law enforcers-right down the middle. After the hearings they were farther apart than ever before. About all they had been able to agree on were the basic facts: ¶ Addiction is a growing, not a receding problem, 40 years after the Harrison Act made the peddling of narcotics...
...done little since, shot up nearly two points to 6 1/8. Israel-American Oil Corp. climbed if points to triple in value and close at 3¼. Between them the four companies traded 365,500 shares. For stockholders in the companies (total shares outstanding: 15 million), the paper profit on the stock rise amounted to some $23 million...
Every college possessing any self-respect possesses a football team and the stars of each team are highly paid. The American universities profit through this practice alone fifty million dollars in one transitory season. These modern gladiators receive on the basis of their brutal loutish swindling, a scholarship plus a bonus which averages fifty dollars for each game. Indeed, on close examination, no other type of player may be seen on the thousands of professional teams participating in this wild, catch-as-catch-can style of game...
...because it lured customers to gamble was changing. More and more people were going to the hotels to watch the high-priced floor show, eat the $2 steak dinner, enjoy the elegant $8-a-day hotel room, and maybe drop a few token coins in the slot machines (5% profit for the house). Last June most of the hotels were forced to alter a longstanding policy, and charge a $2 minimum for the midnight supper shows that guests could once see by sitting at a table and ordering a soft drink. Said Riviera Board Chairman Morrie Mason...
...total for the year of $78,400,000. On this, Hill's take is 25% on soccer, i% on racing bets at the track, and 6% away from the track, a total of $7,102,000. His overhead is high (20% on football bets), and he keeps his profit secret. But his profit before taxes is estimated at about...