Word: profiteer
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Dates: during 1960-1969
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...World of Profit, Auchincloss 10. The Hurricane Years, Hawley...
...COMPUTERS. The company entered the computer field in the mid-1950s and so far has spent hundreds of millions to develop a full family of machines. Partly because of the competition from IBM (see page 63), it is unlikely to turn a profit before 1970 at the earliest. Another costly venture was G.E.'s purchase in 1964 of Machines Bull, a French computer manufacturer. G.E. has pumped well over $100 million into the company, most of whose major computer lines had to be scrapped; Bull has yet to earn a profit for G.E. Some management critics believe that...
...underdeveloped peoples abroad also want, and desperately need, the fruits of material progress. In seeking it they hope to profit further from Americans' successes, as well as from their failures and shortcomings. So, despite the pessimism about the limitations of material progress, which the paradoxes of the American experience have lately pointed up, it is unlikely that the world will abandon its pursuit. The present rebellion by the blacks and the young could still fragment American society beyond anything now imagined possible. The end result will more likely be a heightening consciousness, a raising of national sights...
...only better housing for several thousand people, but also the acquisition by Bos ton Gas of 3,000 gas-using customers and a valuable tax-depreciation advantage. The return was not so great as a similar investment might have made elsewhere, but the les son was clear: a profit can be made...
...Government might try to make the ghetto a high-profit magnet. For example, it could give bigger tax write-offs for ghetto investments, cheaper loans, and guarantees simi lar to those it offers to U.S. investors in underdeveloped countries. The inducement of tax holidays made Puerto Rico's Operation Bootstrap a resounding success. If the business man and the Government looked at the ghetto as an underdeveloped country, they would in fact see one of the world's greatest potential markets. If black incomes were brought up to the white level, businessmen would have a new market of about...