Word: profiteered
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Dates: during 1950-1959
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...squad's toughest match is against the University of North Carolina, perennially one of the most powerful teams in the country. Still weak from lack of outdoor practice and not yet used to the slow clay-court bounce, the Crimson hopes to profit from its experience in these two matches on April...
Standard of California tacked on new projects for cracking plants worth another $70 million. Still another was Sinclair Oil, which turned a profit of $80 million in 1955 (some 8% better than 1954), and plans a huge expansion program. Since 1951, Sinclair has spent $750 million on capital improvement. Said Sinclair's President P. C. Spencer: "Our estimate of the future offers no prospect that such expenditures will be less over the next five years. They may well be substantially greater...
...plants and machines will boost production of tires, foam rubber, aircraft products, flooring and chemicals, while overseas new Goodyear tire plants will spring up in Scotland, Colombia, Venezuela and the Philippines. Said Litchfield, noting Goodyear's record 1955 sales of $1.3 billion and $59 million profit: "Our plants, both in this country and abroad, have all been operating at full capacity during the past year, and this is continuing into 1956. We look for continued general prosperity...
...many labor leaders are beginning to agree that they can not only live with time studies but profit from them. At one Chrysler assembly plant, for example, time study men watched a worker assemble a rear-view mirror and bracket at a work bench with a hand screwdriver. They replaced this method with an air-operated screwdriver and a fixture to hold bracket and mirror, thus free the worker's hands. Result: production tripled, Chrysler saved $9,000 yearly, and the worker raised his incentive pay while reducing his physical labor...
...early days nickel was almost entirely a war baby, whose greatest value was for armor-piercing shells and armor plate. Inco gyrated between boom and bust, went from a $10 million profit in 1917 to an $800,000 deficit in 1921 when defense needs slacked off, and the company actually had to shut down for twelve months, Stanley and Thompson worked years to find peacetime uses for the fabulous nickel lode, helped develop heavy-duty nickel steels for dozens of products, taught businessmen new ways to use nickel in household equipment, autos, steel and other products...