Word: profiteer
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Dates: during 1960-1969
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...Economic Manuscripts. They view man in a passive role, used like any other tool. They believe that, in a capitalist system, man has no intrinsic interest in either the process of production or the product itself because it is being produced not for society but rather for the profit of the owner of the means of production which the worker uses...
...School House the Proper Place to Teach Raw Sex?" This diatribe was produced by the Christian Crusade of Tulsa, a right-wing, anti-Communist organization headed by Fundamentalist Preacher Billy James Hargis. The pamphlet focused on the Sex Information and Education Council of the U.S., a non-profit health organization that advises schools on sex-education courses. The council's director, Dr. Mary S. Calderone, a nationally recognized authority on sex education, was accused of "tossing God aside . . . to teach American youth a new sex morality independent of church and state," and of telling young people about "their right...
Among other things, CTIP strikers demand Italian (or at least European) managerial control, a 30% salary increase, employee profit-sharing and employee participation in company decisions. They have brought in CISL, Italy's powerful Christian Democratic trade union, to represent them, while McKee has the backing of Italy's Confederation of Italian Industry. Somehow, McKee President Merrill Cox must figure out how to regain control of a firm whose employees are its only real assets...
Pride and Profit. TIME'S European Economic Correspondent Robert Ball has pieced together an explanation. Most of the gold, Ball reports, has been flown to Switzerland and bought by three banks: Credit Suisse, Union Bank and Swiss Bank Corp. Motivated by pride and profit, the three banks formed a syndicate a year ago and began to buy newly mined South African gold. They wanted Zurich to challenge London's position as the leading gold market, and they also figured to sell the gold at a lucrative markup. By carefully controlling their marketing practices, they could keep the free...
...York Stock Exchange, long castigated by Government and other critics for acting as a private club run for the profit of a privileged few, moved last week to revise its membership. The exchange's Board of Governors caught many Wall Streeters by surprise by voting to allow its members to sell stock in their own firms to the public. At the same time, the board said that by year's end it would consider permitting mutual funds and other financial institutions either to join the exchange as associates or find some way to grant them discounts...