Word: profiteered
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Dates: during 1970-1979
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...first offer for the land came in 1971 from Albert L. Cohn, a Law School alumnus and summer resident of the island. Cohn offered to pay $1.1 million and tentatively promised the Vineyard Open Land Foundation, a non-profit group interested in protecting the island from excessive development, that he would not build more than 27 houses on the property...
...phone companies own more than 80% of the telephones in the U.S., and it handles well over 90% of all long-distance traffic; in return, AT&T accepts regulation by the Federal Communications Commission and various state agencies, which set phone rates and thus control the company's profit level. Except for some defense work, Western Electric is almost totally engaged in supplying about 90% of the equipment that the Bell System buys...
...Profit from a Monetary Crisis, Browne...
They that go down to the sea in ships, that do business in great waters, these see the works of the Lord and his wonders in the deep. So much for piety afloat and a reasonable profit through the ages. Trouble is these days, according to Noel Mostert, a South African-born shipping writer, more than half the business done upon great waters is carried in the bellies of a new breed of sea monster that threatens not only the wonders of the deep but the teeming life of whole oceans. The monsters are V.L.C.C.s and U.L.C.C.s (for very large...
Mostly, though, the threat of V.L.C.C.s is a byproduct of the high value and the potential deadliness of what they carry. A company owning a supertanker can makeas much as $4 million profit on one run from Kuwait to Europe. But theship costs up to $50,000 a day to run-including insurance. A typical voyage lasts about 75 days, only five of which are spent in the stormy waters below Capetown. It is easy to see, therefore, why, at the urging of the owners, IMCO, a special U.N. maritime agency, by 1966 agreed to allow overloading for the whole...