Word: profiteered
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Dates: during 1970-1979
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...population is about 98% black) and a mixed economy. Other black African regimes have leaped to 100% nationalization of foreign interests, but Sir Seretse has limited his government's share of Botswana's mineral income to part ownership of mining operations plus tax revenues. Plenty of profit and incentive remain for foreign investors, chiefly from the U.S. and neighboring South Africa...
...implied that Wonder bread was something special, in ads that claimed the loaf "helps build strong bodies twelve ways." Now the agency accuses ITT management of nagging Continental to build itself up too rapidly; James Halverson, director of the FTC'S Bureau of Competition, says that "ITT set profit and market goals for ITT Continental that forced the subsidiary to adopt predatory practices." According to the FTC complaint, Continental practiced a classic monopolistic scheme: it would use high profits from areas where competition was weak to subsidize below-cost sales of Wonder bread in cities where it faced...
...other major decision of the Kansas City convention suggests that a comparison to the Popular Front of the '30s is more than fanciful. The convention came out for wage, price, and profit controls--it's not a particularly radical proposal, and a lot of delegates said they just wanted something different from what President Ford was offering. But it's still the first time a major party has written an economic program into its charter. And the convention's rhetoric, with its strong stress on price and profit controls and the benefits a Democratic victory would offer working-class...
...idea in a speech at Yale before it had been discussed with other policymakers. Treasury Secretary William Simon said the speech surprised not only him but also "many people in the State Department." Representative Henry Reuss, Democrat of Wisconsin, observed in dismay: "I just wonder what it shall profit the American consumer of oil if he is freed from the tyranny of the OPEC only to be ripped off by the U.S. oil companies...
...similar short-term holdings. By next year, the total is likely to exceed $70 billion. Writing in Foreign Affairs, Exxon Economist Gerald A. Pollack predicts that by 1980 OPEC'S total annual investable surplus could reach almost $500 billion. This is more than ten times as much profit as all U.S. manufacturers earned last year or, broadly expressed another way, enough to dig 5,000 Suez Canals at the original 1869 construction cost...