Word: profiteer
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Dates: during 1960-1969
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While the selection process now approaches the ultimate in meritocracy, with each man considered as an individual who might or might not profit from four years at Harvard, there is nonetheless an incredible statistical consistency to the Harvard classes. The number of students admitted from California never doubles from one year to the next, and Exeter is never shut out completely. The number of Harvard sons admitted stays rather constant (although the number rejected is increasing rapidly), and the ratio of public school students to private school students changes at a slow and smooth rate, in the direction...
...alternate slate for Board of Directors fell short in their bid to attract a quorum to the annual meeting, the Coop directors heard and took to heart the ideas generated by their opposition. Besides being concerned with the Coop's internal policies the alternate slate, organized by Wesley E. Profit '69 and Steven P. Roose 70, was interested in improving the Coop's relationship with the larger community of Cambridge and Boston. No one had ever really confronted the Coop like this before. Moreover, the fact that a thousand members turned out for the annual meeting proved to management that...
...continuation of the upward trend in real estate prices in the San Clemente area. Within the five-year period, the President will sell all but his five acres and house. If his gamble pays off, he will retire the debt on the borrowed money and perhaps even make a profit. Just to whom the President will sell is not known. It could be a "compatible" buyer-perhaps Nixon's wealthy, longtime friend "Bebe" Rebozo-or it could be the Nixon Foundation, which might build a presidential library and museum on the land, though the President's California home...
...problem, Reynolds is offering $200 a ton for the discarded aluminum cans that now cheapen U.S. parks, beaches and roadsides. In Miami, Reynolds is collecting 1,500 lbs. of cans a month through Goodwill Industries. In Los Angeles, it is getting ten times that from Boy Scouts, and other profit-minded collectors, who are paid half-a-cent per can. By melting down those cans, Reynolds "mines" reusable aluminum...
...LOAN-SHARKING OR USURY nets several billions?it is impossible to say how many?in revenue for the Mob. Dollar for dollar, usury is LCN's best investment; though the gross is lower than it is in gambling, profit is higher. Interest rates commonly run at 20% per week, or, in the Mob's words, "six for five"?borrow $5 on Monday and pay back $6 by Saturday noon, the normal deadline. Borrowers are frequently gamblers who have lost heavily or hope to make a big strike, but they also include factory workers, businessmen on the verge of bankruptcy...