Word: profiteered
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Dates: during 1970-1979
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...attention to the cattlemen's plight. Caught between soaring feed-grain prices and depressed wholesale prices for their beef, farmers claim that they are losing money and in some cases facing bankruptcy. (Consumers have hardly noticed much drop in meat prices, but farmers suspect middlemen of raising their profit margins unjustifiably.) The farmers want relief in the form of emergency loans or reduced meat imports to kick up prices further. Some even call for the resignation of Agriculture Secretary Earl Butz, who they feel does not support their interests...
Writer Ambrose Bierce once observed that "the gambling known as business looks with austere disfavor upon the business known as gambling." Yet in today's skittish economic climate, most businessmen can only view with envy the profitable growth of the gaming empire headed by William Fisk Harrah, 63. It includes two glossy Nevada casinos-one in Reno, one in Lake Tahoe-along with two hotels containing 19 food-service areas and 18 cocktail bars. In the fiscal year ended in June, Harrah's Inc. of Reno, one of two gambling operations listed on the New York Stock Exchange...
...been for the vetoes, South Africa would have been a victim of the U.N.'s peculiar double standard-racism practiced by white regimes is bad, but the racism of black governments is somehow permissible. In his address, Botha suggested that some morally righteous U.N. countries might profit from closer scrutiny of their own recent histories. Explaining the U.S. veto, Ambassador John Scali argued that the expulsion of South Africa would create "a shattering precedent" that might be invoked against any U.N. nation out of political step with majority sentiment. According to diplomatic sources, the possibility of an Afro-Arab...
...Profit from a Monetary Crisis, Browne...
Watson Howland Jr., president of the non-profit Civic Education Foundation which overseas the Filene Center, said yesterday he was "particularly pleased" with the selection of Duehay, who, he said, brings "a rare combination of academic and practical backgrounds" to the center...