Word: profiteer
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Dates: during 1960-1969
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...largely confined to the upper-middle-class white students. The majority of students remain reasonably content with traditional careers. In general, the children of blue-collar workers and Negro students strive to attain the very jobs that many privileged whites disdain. Most students have no special quarrel with the profit motive, and an estimated 30% of all graduates go into business. As a senior at Columbia University puts it: "I think it's great that all the academic virtuosos are turning up their noses at the good business jobs. Let the brains starve in South America while I make...
...Government matches highway funds by 92% to 8%, the shortage at the state level could eventually cost Idaho $5,000,000, or ten miles of interstate highway. But there is still Lake Bowl. Though Turner's restaurant was closed upon seizure, the alley is yielding a 6 1/2? profit to a special state trust fund for every line bowled. At that rate, it will take 7,451,-182 lines of bowling to recoup the loss -about ten lines each for every man, woman and child in Idaho, or almost 18 years of around-the-clock play...
...belief that they encourage flying by people who would otherwise take a train or bus, or not travel at all. Last year, more than 5,000,000 young passengers used the fares at a savings of $112 million to them. Even so, the industry has earned a $21 million profit on youth fares during the past two years...
Meanwhile, 99-year-old Goodrich, the nation's fourth largest rubber company, was taking a rather bumpy ride. Last year it earned only 3.9% on its $1.1 billion sales, lowest profit margin among the Big Four. Goodrich was obviously vulnerable to takeover because its ownership was widely scattered and the price-earnings ratio of its shares was relatively modest. It was not long before Goodrich began to draw the attention of a number of acquisitive companies, including Northwest. Goodrich Chairman Ward Keener, a onetime economics professor, began mapping defensive strategies as early as last June...
...Others, and their profit margins: Goodyear, 5.1%; Uniroyal, 4%; Firestone...