Word: profiteer
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Dates: during 1940-1949
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...Federal Housing Administration would be meandering toward inflation with the new housing law which Congress passed last week. Its main provision is something called "yield insurance," by which the Government will back private investment in emergency housing up to 90% of capital outlay, and insure a 2¾% profit. With houses now going up about as fast as the supply of materials will allow, the likely result would be an imperceptible rise in new housing, and an appreciable rise in already inflated building costs...
...nearly $60 million the first day; after 24 hours, there was only about $15 million still to be sold. The reasons were plain. On tolls ranging from $1 and $1.50 for motorcycles and cars to $10 for heavy trailer trucks, the eight-year-old highway has shown a handsome profit every year. All during wartime gas rationing, the commission managed to keep the annual net above the million mark by promoting the turnpike's time-saving advantage (more than three hours on the Pittsburgh-Philadelphia run) for trucks. Last year, with some 3,000,000 vehicles passing over...
Bank Figures. The World Bank wound up its second year with a profit of $4,094,652 (on a gross of $18,703,978), which would wipe out the first year's deficit of $1,063,805 and provide a tidy addition to its capital funds...
...their higher-priced ($15.75 a dozen and up) output of 100 dozen a week, they desperately turned to making a skirt that would retail for $1. A flood of orders, amounting to 700 dozen on one peak day, showed what could be done on high-volume output with low profit per unit...
Well aware that narrow profit margins can easily be erased by a sudden rise in costs, Lee Skirt snips all possible corners. It has dodged style changes by concentrating on "what most women want most of the time." By ordering in volume, it gets a steady supply of good fabrics which boost sales and eliminate costly returns because of imperfections. To avoid waste motion, production has been so simplified that, says Carl, "our employees can work blindfolded." Lee Skirt treats its 50-odd employees well, and except for oral agreements on wage boosts has never had to alter its nine...