Word: profitable
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Dates: during 1940-1949
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Yale, Dartmouth, Cornell, Stanford, and Chicago are among the universities whose students profit by the Work Program...
First, it will release needed money for scholarships. Since the money used for the Smoker is to be taken from the expected profits of the Redbook and the Jubilee, the extra funds will be tagged especially for scholarships to needy students in the same class which made the profit. A sinking fund will also be set aside for possible losses on the Redbook and Jubilee in bad years...
...incentive is given to workers on the Committee, and a greater responsibility is shouldered by them for making the affair a success, not simply by buying the services of outside performers exclusively but by exercising their own initiative. The Council further voted to reserve as far as possible any profit from Red Book and Jubilee for financial assistance to the members of the class which created it, thus insuring that each class will receive the benefit of its own exertions. Net losses for any year are always borne by Student Council funds...
...raising the value of its gold hoard, the government can make another tremendous paper profit to fill the hole in the budget left by deficit financing. Thus in 1933 F. D. R. made $2,800,000,000 by reducing the gold in the dollar to fifty-nine cents. $675,000,000 of that sum has already been used to wipe out part of the government debt; and the rest has been allocated to our Exchange Stabilization Fund. Suppose, though, that the President lowered the gold in the dollar to twenty or even to ten cents. F. D. R. might...
Pert, imaginative, Wisconsin-born Harry Gordon Selfridge is, as he likes to say, the only man ever to buy a business from five Jews and sell it to seven Scotchmen at a profit. The business was Chicago's Schlesinger & Mayer department store, sold to Carson Pirie Scott & Co. Harry Selfridge also made $1,000,000 from Marshall Field & Co., went to England with his profits. In 1909 he amazed Londoners with his magnificent effrontery by setting up a department store on Oxford Street, running it in the breeziest American tradition...