Word: profiteer
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Dates: during 1940-1949
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Monsieur Verdoux. Charles Chaplin's sardonic comedy about a man who murders for profit (TIME, May 5) which reopened in Washington last week...
...Everywhere we have gone," said Vermont's Senator Ralph E. Flanders, machine-tool manufacturer, ex-president of the Federal Reserve Bank of Boston and subcommittee chairman, "we have found that the margin of profit per dollar of sales has been very narrow." Robert A. Seidel, vice president of the W. T. Grant Co. (500 stores), testified that Grant's margin of profit in the first six months this year was only 3.1% of the consumer's dollar, compared to 6.4% in the same period last year. The committee also pinned down another fact: despite all the hullabaloo...
...Steep Rock had shipped its one-millionth ton of ore this year. Before the close of the Great Lakes shipping season it will send out another 300,000 tons, thus becoming one of the biggest ore producers in North America. On his initial investment, Eaton already has a paper profit of more than...
...tubes a day, Bub-O-Loon production last week had expanded to 400,000 tubes daily. The company was already grossing $100,000 a day. As the Vinylite plastic (purchased in bulk from Bakelite Corp.) cost only 14? per 49? tube, a large part of the gross was profit. There was only one hole in the bubble. The formula for turning vinyl plastic into Bub-O-Loon was so simple that Fox did not think it could be patented. Already competitors were turning out more than 100,000 tubes a day. When the Bub-O-Loon finally bursts, Matty...
Hollywood is in the dreadful predicament of a pauperized nabob suddenly reduced to four limousines. Oldtimers are telling newtimers that the town has never been so scared. Chief apparent reason: the new "confiscatory" British tax, which would rob Hollywood of its comfortable profit margin (TIME...