Word: profitably
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Dates: during 1970-1979
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...lower standards of ethics than the East. He theorizes that where there is a high rate of migration (450,000 annually), no stable class structure, and no traditions by which people's actions can be judged, a sort of moral vacuum results and the only principle held inviolable is profit. The population of the Rim has doubled since World War II, from 40 million to 80 million, primarily from an influx of what Sale terms "the discontented classes." Sale advances Nathaniel West's argument in The Day of the Locust: people go west out of frustration, because they are unhappy...
...stress on fundamentalist Christianity -quickly departed, shattering morale at the plant. Since then Goshorn and Yale have been in full control, but their piety has yet to bring the company any material reward. General Automation, which lost about $4 million in fiscal 1975, v. a $4 million profit in fiscal 1974, has seen the price of its stock plunge dizzily from a 1973 high of 541/2 to 4% this year, and rumors are beginning to spread that the company may be facing a takeover by outsiders...
...face some kind of competition. Says E.S. Savas, who was first deputy city administrator under Mayor Lindsay and is now a professor of public-systems management at Columbia: "There is a myth that government can do a job more cheaply because it doesn't have to make a profit." Private industry, in fact, does many city jobs more efficiently than the public work force. While it costs the city $45 a ton to pick up garbage, private contractors do it for $22 a ton in San Francisco, $19 a ton in Boston and $18 a ton in Minneapolis. Their incentives...
...established in October 1957 as a non-profit, tax-exempt organization to provide employment and work experience for students...
...Africa, with Britain only slightly ahead. The rate of return on foreign capital invested in South Africa is 18.6 per cent, compared to a world average return of 11 per cent. Nearly every large American corporation has investments in South Africa, for the forced cheap labor insures a high profit rate, and the government has done its best to attract investment. Although most American countries pulled out of Namibia last year when it seemed likely that the U.N. would expropriate all exports from Namibia, the government in South Africa seems to have enough international support to avoid a U.N. boycott...