Word: profiteer
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Dates: during 1960-1969
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...more first-quarter earnings were reported last week, it was clear that a large segment of U.S. business was doing better and better. Observers were quick to point out that during the first three months of 1968, wages rose faster than prices, a situation that points to a profit squeeze ahead. And the returns were not yet complete enough to set a pattern in any major industry. Still, the statistics suggested that business made impressive gains compared to the recession-tinged first quarter of 1967. A sampling...
There is no difficulty in raising funds for such purposes--for the businesses are not hand-out welfare operations like the poverty program but sound profit-making enterprises. They pay back loans--and banks know it. A loan to transfer ownership of a profitable business is relatively easy to arrange, given the present climate. (And new government aid programs are also available...
...Henry Lee Shattuck Professor of Government, points out that the Report does not do an adequate job of proving that Negroes riot because they feel they are being mistreated rather than for other reasons. (In a forthcoming book Banfield seeks to show that Negroes riot "mainly for Fun and Profit"--the title of the chapter dealing with urban disorders). Treating the first theory as self-evident truth can become a rationale for more violence by inferring that Negroes have a perfect right, indeed an obligation to riot, Banfield says...
...Profit said the committee is "optimistic" about the prospects for cooperation with the university administration. "We are not after confrontation with the university," he said...
...What we want now," Profit said, "is a committment from the university to work toward these goals." Once this is obtained, the committee is prepared to work with the administration in the careful development of an "appropriate and meaningful" program, he said...