Word: profiteer
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Dates: during 1960-1969
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...year. Gearing themselves to the crush of expected business, most major carriers have been busily adding new flights to their schedules and laying out huge sums for stretched jet transports, jum bo jets and supersonic aircraft. In the process, they have found themselves trapped in an ever worsening cost-profit squeeze...
...seemed downright anxious to destroy their industrial heritage. "Unfortunately, the industrialist who was made by the mills is the guy who cares the least about them now," says Pierson, who was active in efforts to preserve the mill. "All he's worried about is how to make a profit. And the biggest obstacles to preservation are the elected town officers, from the mayor on down. They are tough, pragmatic and just don't care about conserving the past...
...market in the early 1900s. Leisure bought Allen, which had been on the skids for years, for a $1,760,000 pittance, then broadened Allen's product line and rebuilt its shaky "sales staff," which consisted of four part-timers. Allen now enjoys a 6% profit on sales...
When it is sold, most of the profit is taxed at the 25% -maximum capital gains rate. Investing in cows, says Op penheimer, beats investing in oil wells...
Many shipowners agree with President Manuel Diaz of American Export Isbrandtsen Lines that the Soviet fleet is a "very real threat." Since the Soviet government need not show a profit on its ships, goes the argument, Communist ships could easily cut rates and drive free-world ships out of business. For their part, the Russians say that they are anxious to join the rate-setting conferences that they once condemned as "capitalist cartels." "I see no reason why we should not operate like other shipping men," says George Maslov, London-based boss of Russia's Anglo-Soviet Shipping...