Word: profiteer
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Dates: during 1960-1969
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...attends a project of just such dimensions: the supersonic transport aircraft. Last week, when President Nixon announced his decision to spend $96 million this year and more than $1 billion later on to underwrite SST development, the cheers came mainly from the manufacturers and airlines that stand to profit most...
...prototypes. After that, Boeing and its suppliers are expected to finance the early production costs, which will bring the overall total to about $3 billion. Under a tough contract with Boeing, Washington will recover its investment when the 300th aircraft is sold. The Government will turn a $1 billion profit if sales reach the Federal Aviation Administration's predicted minimum of 500 by 1990-a return that works out to less than that from putting the money in the bank...
20th Century Sound. In a market of 500 SSTs, Boeing's profit will be a handsome $3.5 million on every $40 million aircraft sold. The SST will create 25,000 new jobs at Boeing, and another 25,000 among a host of subcontractors, chiefly General Electric, which has engines virtually ready to attach to Boeing's airframe. To forestall criticism that the SST will create few jobs in the ghettos, Boeing is seeking more black engineers...
...deficit, however, grew out of MGM's decision to write off as losses some box-office flops and a great part of its slow-selling inventory of monaural records. Kerkorian thus bought into a company that may be poised for a turnaround. Bronfman has already predicted a profit for MGM in fiscal...
...press statement, read by John Pennington '68, national secretary of SDS, calls the CPLA attackers "thugs." It charges that "they assaulted the workers at the Institute, not the bosses who profit from its efforts to exploit cheap labor abroad, and to suppress movements of oppressed people around the world...