Word: profitable
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Dates: during 1940-1949
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Representing "the experiment international living," a non-profit statewide organization, Ray W. Waddells outlined in Phillips Brooks House last night camp counselloring opportunities open to college students desiring to work in France next summer...
...carrying as it does the odd implication that by sending the paper's trust deed to America during the war, the Guardian in some mysterious way guaranteed that the paper would carry on, in C. P. Scott's words, "as a public service and not for private profit." May I fill in the mystery of this non sequitur...
...most significant confession it had ever made of the inadequacy of its state-monopoly trade system, Communist Russia started beating the drums last week for something suspiciously like the profit motive. Pravda proclaimed that the "monopolist" position of state stores was hurting trade and lowering production. It demanded "healthy competition." Andrei Zhdanov, the Politburo's rising spokesman, said that consumer cooperatives must be encouraged. The Kremlin promptly did so, with five capitalistic incentive devices...
...Chicago's Lustron Corp., along with a lease on Chicago's RFC-owned Dodge-Chrysler plant (TIME, Nov. 11). RFC's roly-poly George Allen said flatly: no. Most of the companies were putting up negligible security, might make as much as 14,000% profit if the loans went through...
...nearly ground-looped. Growled Millionaire Howard Hughes, T.W.A.'s majority stockholder: "It will take a year to recover, and longer before T.W.A. can employ as many people again. . . . T.W.A. had lost $8,000,000 during 1946 before the strike. . . . You cannot destroy the company you work for and profit...