Word: profiteered
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Dates: during 1970-1979
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California agriculture is dominated by large monopolistic corporations which historically have had ties to conservative politicians, law enforcement agencies, and the courts E & J Gallo Winery fits right into this group. Although most of the company's production, sales and profit statistics are kept secret by the management, it is known that the company produces about one-third of all wine sold in this country. Gallo's pre-tax profits in 1971 reached $35 to $40 million, according to the Nov. 27 1972, issue of Time. Gallo's economic strength makes it possible for the company to recruit and transport...
...Harvard Square area, asking them to stop selling Gallo wine, and all have agreed except the Harvard provision Co. The boycott can only be effective if the stores cooperate; it is impossible to picket against the wine 24 hours a day. Since it is the sores that profit from the sale of Gallo wine, they must make the decision to stop selling it, and when they refuse, it is our job to reach their customers, so that together, we can put economic pressure on the store. The clearest evidence of the kind of support we have gained from customers...
Sticky financing problems remain, however. The Examiner made a slim profit off Printco's gross of $100 million in 1974, but it must pay for new computerized editing and composing systems in the next three years. The money may be hard to come by. Ad lines are down from last year. Circulation, which was 179,010 in 1973, has slipped substantially in the past 13 months...
...with fascination: the men who hitch Huskies to light wood rigs and mush across wilderness trails in sled-dog races. From the White Mountains of New Hampshire through the Upper Midwest snow belt to Alaska, a cadre of dog sledders has been reviving the arcane sport for thrills and profit. TIME Correspondent Richard Woodbury visited Ely, Minn., to cover the Sixth All-American Sled-Dog Championships. His report...
...that point, Detroit made a miscalculation. The auto executives found themselves struggling with soaring material costs for everything from steel to plastics just at a time when sales of big, high-profit cars were lagging. They decided to step up production of small cars and ride on their popularity. But partly to keep the industry's rate of return up, they moved to boost the profit margin on the compacts and subcompacts. Small cars were wrapped in expensive, highly profitable equipment that once was optional-special trim packages, power seats and windows-substantially raising the base price. The auto...