Word: profitable
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Dates: during 1970-1979
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Alfred Kahn, the anti-inflation chief, warned that "business is now on trial in the eyes of the American people."; Carter Aide Hamilton Jordan echoed that profits are "unnecessarily high."; The strongest rebuke came from George Meany, 84, president of the AFL-CIO. Said he: "This demonstrates the greed of corporations. Business is guilty of the grossest demonstration of profit-gouging since the opening days of the Korean...
...been dubbed "the new French revolution." That is the Premier's attempt to reduce the government's traditionally massive interference in the country's economic affairs. Though railways, utilities and many industries have long been nationalized, Barre is insisting that state-owned companies turn a profit. His model: West Germany's free-enterprise-oriented economy. Barre's government has already dismantled an archaic system of price controls that contributed to inflation because it eliminated incentives to lower prices in a competitive market. Now the Premier wants to curb the flow of public funds into deficit...
After seeing The China Syndrome, in which profiteering contractors and profit-possessed power industry executives easily outfox the Government agency charged with regulating their nuclear plants, even citizens not afraid of the peaceful use of reactors may wonder how well the Nuclear Regulatory Commission does its job. Such viewers should find an action last week by the NRC to be reassuring. In a case of life refuting the moviemakers' art, the commission shut down five nuclear plants in the populous East because of questions about their ability to withstand earthquakes...
Burger King, with 2,500 outlets the second largest chain, plans to open about 350 new ones this year. Though Pillsbury does not report separate sales and profit figures for Burger King, analysts believe that the chain is expected to manage better than its rivals. A major reason: the chain was fastest in diversifying its menu. Besides hamburgers, it offered chicken, fish and ham-and-cheese sandwiches...
...normally pass these wholesale increases on to their retail customers. The station owners commonly add 10? or more to the wholesale price in order to maintain their own margins. For many stations, these margins are not enough to keep abreast of inflation. Others can only offset a relatively small profit at the pump through their lucrative automobile service operations...