Word: profiteered
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Dates: during 1970-1979
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That policy is one that reflects an old, ivory-tower conception of what Harvard should be: an institution set apart from worldly concerns like profit, interested only in the public good...
When the market is up, alumni can donate profitable stocks to Harvard and use the profits as tax write-offs because they are gifts to a non-profit institutions. When the market is down, however, as it was most of this year, people who give stocks to the Fund are doing so on a pure loss basis...
...from a different aspect: they believe that the savagery of the recession and the subsequent drop in demand should have forced a sharper slowdown in the rate of price increases than has, in fact, occurred. Businessmen, they suspect, are refusing to cut prices partly because they want to keep profit margins up, partly because they do not think that price cuts expand sales in a modern economy-even though they are supposed to by all traditional free-market precepts. Says Okun: "The free market is on trial...
...lnformatique, known as CII. It never really gave Americans much competition. GE increased its holding in Machines Bull to 66% and then sold its interest to Honeywell in 1970. Under the leadership of a former IBM engineer, Jean-Pierre Brulé. Honeywell Bull earned a $25.3 million profit in 1974 on sales of $534 million and enjoyed a solid 18%-to-20% share of the French market. By contrast, even with massive infusions of government capital, CII never made money, and its share of the French market remained below 10%. In early 1973, a major CII stockholder, the Compagnie Generate...
...keep the Saigon government strong. Not all American analysts acknowledged this political effect of their writing, but to many of their critics. It was its most important aspect. For the politics underlying questions of Vietnamese economic development included more even than questions about who shouk, manage development and profit from it. The human, political context AID economists could all but ignore also included the struggle over these questions that was killing people and making them homeless, the struggle in which the government AID belonged to was playing an increasingly dominant part...