Word: profiteer
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Dates: during 1960-1969
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...with an assist from subscribers who had switched from the Saturday Evening Post). LIFE, however, shares the dilemma of all mass-circulation magazines these days: production costs are so immense that advertising revenues-which for LIFE last year totaled $153,900,000 -produce only slim profit margins...
...community. I have no real home, I have nothing. But I have great faith in the divine structure of the church, and I want to be just a priest in Africa. And if, despite my wishes, my presence here seems extraordinary to the outside world, then I want to profit from this to help the people here...
...franc turned into a far more disruptive rush to buy West German marks. Convinced that economically potent Germany must soon raise the official value of its robust currency, speculators and more conservative businessmen all over the world swapped their money for marks in the expectation of a quick profit. A speculator who converted $2,500,000 into marks, for example, stood to net $190,000 if the mark's value were raised by 7%, as had been widely expected...
...balance of payments deficits. Eurodollars are nothing more than U.S. dollars on deposit in private banks abroad. The pool was organized in the late 1950s by London bankers who sensed that if they could marshal the billions of dollars already overseas, they could lend them out at a substantial profit. Business has been brisk ever since...
...History and sponsor of the resolution, said that in all the major issues which have come before the Faculty "we've always run into a brick wall in that no one knows how much money is involved." Maier noted that the current financial policy of the Treasurer is "profit maximization" but added that there may be other priorities. "We may be underconsuming," he said...