Word: profiteered
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Dates: during 1950-1959
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...Eden. Six years ago Nuri persuaded the British-run Iraq Petroleum Co. to give him a 50-50 profit split such as Venezuela and Saudi Arabia enjoyed. He had already set up the nonpolitical Development Board, and awarded it 70% of all state oil revenues, so that the whole nation, not just a few wealthy princes, would benefit. The board set out to recreate in the Valley of the Two Rivers the verdant paradise that existed before the marauding Mongols of Hulagu Khan in 1258 wrecked the ancient irrigation system and dried up the Garden of Eden...
Plentiful Food. Long queues, once the most characteristic street scene in La Paz, have disappeared. Instead of lining up for supplies of subsidized food and then rushing to sell them on the black market for a tenfold profit, Bolivians shop from plentiful stocks. The free price of bread and meat is about one-third the old black rate. Farm production will be up 59% by the end of the year. The boliviano has come down from its crazy peak of 13,000 to the dollar, and has been averaging...
...years 1946 and 1947), the two items together make up only about 2% (or $20) of an auto's total cost. Du Font's total G.M. business amounted to only about 3% of the company's $795 million sales in 1947; Du Font's real profit from G.M. is from its stock investment, which last year paid the chemical company $126 million in dividends-nearly 6% of its total gross income...
...from Mohammed's legendary prayer ("Honor your aunt, the palm, which was made of the same clay as Adam") to vignettes of Arabs setting their watches by the sun and "sweetening" their beards with incense. There is still only one God and that is Allah, but oil is profit, and Author Morris is happy that he saw Muscat and Oman before its rulers became the Cadillackeys of their fate...
Football enthusiasts at Harvard were stunned one morning to learn that the Carnegie Foundation had criticized the University for subsidizing athletes and for permitting vendors at Soldiers Field concessions to realize as much as $1,000 profit for the season. This had been changed before the report was published, however, and at the time of the issuance of the report, the concessions had been divided among a number of undergraduates and placed under the supervision of the Employment Office...