Word: profiteer
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Dates: during 1940-1949
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Ramadier announced that he would ask the Assembly for a vote of confidence. As the debate opened, the Communists made light of the crisis. Portly Duclos was at his wittiest. He urged that the workers' wages be boosted at the expense of employers' profits. Said he: "You know, it is a mistake to think that the principle of profit-taking was established on Mount Sinai, amid thunder and lightning...
Riding High. In one day, Chrysler stock, selling at 92½, soared 8¼ points. Cause of the enthusiasm was Chrysler's first-quarter earnings, which were the best ever. The net profit was $21,502,408 on sales of $317,041,078. (Profits for 1946: $26,889,290.) On the basis of this showing, Chrysler planned to split its stock two-for-one and raise the quarterly dividend rate from 75? to the prewar high...
During the forecasted period of prosperity, Slichter warned that the United States can expect an annual price rise of 20 to 80 percent. Technological advances will be unable to keep pace with demands for wage boosts, and industry will maintain its profit margin by smelling prices...
...deal about themselves. One, an amateur cook, turned out to be the owner of a collection of some 5,000 cook books (in all languages), which he has been assembling since his 18th year. He carries on considerable correspondence with dealers around the world, and has turned a nice profit on some of his choicer finds. His favorite dish: beef a la Stroganoff ("a very fast dish once you have everything...
...Profit in Panic. "Sly Pedro Gonzalez has another angle. He has heard of smart men buying healthy steers (at panic sale) for 99 pesos, inoculating them with aftosa and selling them to Government agents for 250 pesos, a goodly profit, gracias a Dios. Less enterprising men have smuggled healthy cattle from aftosa-free areas into infected areas and then stood piously by while Nature did the rest...