Word: profiteer
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Dates: during 1960-1969
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Britton said that $85-per-student reduction is about the same as the amount the dining halls will save by not serving lunch. The dining halls are trying not to take a loss or make a profit under the proposed change, he said...
...been an ominous development for the School--from the viewpoint of those who would like to see legal education weather the current storm with as little change as possible--that some of school's students have concluded recently that they, like undergraduates, must ignore the School to profit by their time there. One student who was active in the first-year students' movement for grade reform says the year's experience has "freed" many of his classmates. "Some of us accept the fact that the faculty can't understand the way we feel and is just irrelevant...
...Every year brings artistic upheavals?and sometimes other kinds of upheavals too." If farms are becoming large, business is becoming still larger. French corporations are swiftly reorganizing their methods and management along American lines. Their executives are studying computer management, and computers are becoming a way of life and profit. There is even one model on Paris' Champs-Elysées that reads horoscopes ?and that predicted, after reading De Gaulle's, the defeat. The growth of the French economy has created a role for thousands of marketing concerns...
John Maynard Keynes pronounced, in copybook style: "The engine which drives Enterprise is not Thrift but Profit." He might also have pointed out that profits revolve in a self-regenerating cycle, providing the impetus for new and expanded ventures, which in turn crank out more profits. When earnings are high, employers can afford to be generous with pay raises. Profits are also the major force that sends the stock market up-or, in their absence, down. And the market's performance has much to do with the hopes and disappointments of the 26 million Americans who own stock...
Even so, the pace of profit growth is slowing. In the third quarter of 1968, earnings had jumped by 14%. For the past two quarters, the gain has been just over 7%. The more recent results suggest that taxes and costs are overtaking businessmen's efforts to keep up profit margins-now roughly a nickel on every dollar of sales-by raising prices or increasing efficiency...