Word: profiteer
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Dates: during 1940-1949
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...made by those who had sold the pound short-speculators and merchants who have been buying in Britain. The merchants had done this to protect themselves, in case of devaluation, from losses on goods ordered at the old rate of $4.03. The speculators had simply gambled on a fast profit. They made it. They had been able to sell short by putting up margins of as little as 25%, thus doubling their money. No one knew how big the short position in pounds had been. (One Briton gave the ridiculous estimate of ?2 billion.) But it was large...
...economic symposium, "Profit and Loss Economy and the Welfare State," a three-man panel predicted no violent change in the current of American history within the next 15 years...
Married. Dr. Herbert Thomas Kalmus, 67, co-developer and financial brainpower of flourishing Technicolor, Inc. (1948 net profit, $1,775,834); and Eleanore ("Glorify Yourself") King, 38, syndicated columnist for King Features; both* for the second time; in Los Angeles...
...Odium had also gone into the department-store business during the depression. He had spent $750,000 expanding Franklin Simon, opening branches in Atlanta, Washington, Cleveland, Bridgeport, Garden City, East Orange. He lifted its gross from $10 million to $20 million, turned a $148,000 loss into a 1948 profit of $306,000. He had sold out because "we don't like to stick with any proposition more than three to ten years. We had done all we could with Franklin Simon...
...signs up with the Government as a research physicist, helps split the atom and make the bomb possible. In postwar Washington (and still panting after the big money 5, he is about to team up with malefactors of great wealth who want to kidnap atomic energy for private profit. But a Congressman's rabble-rousing speech sickens him, sends him back to unhampered research behind university walls...