Word: profiteered
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Dates: during 1970-1979
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...obvious reference to the U.S. presence there. He attacked "hidden hands" on Cyprus. He congratulated Portugal, regularly scored in the past by U.N. members as a colonial oppressor, for "reconciliation with the cause of liberty" in granting independence to Guinea-Bissau, and suggested that other Western powers might profit by Lisbon's example. Introducing Bouteflika to Ford later, Secretary of State Kissinger jokingly told the President, "I have never known him to be impartial...
...Bank of England report last week cited some of the weaknesses that plague British corporations and could trigger a rash of bankruptcies: chronically low profit margins, diminished cash flow and tight money. Just as the bank's report appeared, London's financial community learned that Ferranti, a leading electronics and defense contractor, could not meet its obligations and had exhausted its lines of credit. Financiers in the City immediately began to worry about which company would be next...
...part of the increase was due to overcharging by some oil and gas companies. Those denials are no longer being made so vehemently. In recent months, legal action has been taken against several major oil firms in New York, Indiana and elsewhere, charging them with illegally restraining competition for profit-an accusation that the companies deny. Also, the Federal Energy Administration conceded that between January and May it failed to plug a loophole in its oil-allocation program, enabling some petroleum companies to increase their bills by up to $300 million. Now the Federal Power Commission, which regulates natural...
...years that the Jacoby-Meyers operation has been in business, some 3,500 consumers have taken advantage of its budget prices. The staff manages to hold costs down and make a slight profit by relying heavily on nonlawyers. Clients pay an initial $15 fee, then are interviewed by paralegal workers who take down the facts and fill out routine forms for uncontested divorces and other straightforward cases. Later, the client confers with a staff lawyer or an outside specialist, who will wind up the details of the case and, if necessary, take it to court...
Spiralling costs, plummeting stocks, and the other bad animals that any Ec 10 student knows shouldn't exist, in theory, are affecting the entire nation -- rich and poor; charitable institutions and profit-maximizing corporations...