Word: profitable
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Dates: during 1940-1949
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...January 1947, Nelson Rockefeller had set up the International Basic Economy Corp. to carry out the idea that good can be done at a profit by helping Latin American countries increase their food output. In Venezuela, some of his model farms were already about to show a profit. But there, the government and the oil companies had put up part of the capital, and smoothed the way. In Brazil it was different...
Santa Glaus & 5%. Many a Brazilian still preferred a flyer in Rio real estate, for a possible 200% profit, to Rockefeller's 5% projects. Others found it hard to believe that Rockefeller was not just trying to give away his money. Some xenophobes spread the story that the projects were just fronts for spying out oil deposits...
...like to point out that, however small its beginnings, their operation dovetails perfectly with President Dutra's giant five-year plan for national development. Says one: "What we are trying to do is to encourage the investment of Brazilian capital in companies that not only will show a profit but will assist in the economic and social development of Brazil...
...statement of goods on hand. Though European soft-currency countries owe IAPI $732 million for food and other products bought on tick, the only reference to this was a $52 million item called "operations with foreign governments." Finally, without offering any proof, IAPI claimed a thumping 1947 profit of $259 million. "It makes no sense to me," said one Buenos Aires bank manager last week. "It looks as if the figures were plucked from...
...collaborators. The Bank of France's Ferdinand Liffran is titular boss, has the help of a potent cross-section of French big business (steel, oils, insurance, cognac and utilities are represented on Pathé's present board). By diligent squeezing Pathé last year made a profit of $151,200 from films and its 35 European theaters...