Word: profiteered
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Dates: during 1970-1979
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...people in the business, like Simplot, short sellers seldom see potatoes or even own them, nor do they care to. Their object is to sell contracts to deliver potatoes in the future, then buy back those contracts at a lower price before the delivery date. The difference is their profit. A contract to deliver sold at $16 will yield a profit of $10 (less commissions) if bought later at $6. In commodities trading, the "shorts" are ranged against the "longs" -individuals and companies who buy and hold contracts in hopes that their market value will rise...
...sucked in" by the market's upswings and sold a lot of contracts in the $19 and $16 range. Says he: "They got things up awfully high. I never sold at such high prices before." He bought back some of the contracts as the market declined, making a profit. But he did not try to make any big purchases until the May 7 expiration, hoping the price would decline even more. On that day, he made an offer of $8, but contract trading stopped...
...pharmacy, which will be located in Holyoke Center where Chester Baker Pharmacy formerly stood, will run on a non-profit basis and sell drugs and appliances only on prescriptions written by UHS doctors...
...viewer license fees, is looking for a production partner to help finance the series. In Britain, the BBC provides a complete range of TV programming-news, sports, music, religion, commentary and light entertainment. But the BBC shows that have found their way to the U.S. and turned a tidy profit for the corporation have been mainly polished dramas and documentaries, such as The Forsythe Saga, Elizabeth R. with Glenda Jackson, The Six Wives of Henry VIII, Jacob Bronowski's The Ascent of Man and Alistair Cooke's America. The Shakespeare series, says BBC Programming Director Alasdair Milne, with...
...Commoner's prose as on one of his favorite electric trains. Then, suddenly, the author's destination looms up. He blames America's energy, environmental and economic troubles squarely on the baneful evolution of the once effective capitalistic system because it aims to emphasize "private profit rather than social value." The solution, "at least in principle," Commoner insists, is some form of socialism...