Word: profiteered
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Dates: during 1970-1979
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...value by 75% annually for the last few years. Last summer Cleveland Coin Dealer Alan Yale, an ex-stockbroker, bought Mexican gold 50-peso pieces for $173 each; today they are selling for $241 each. Even collectors of the cheapest U.S. coin may soon be able to turn a profit. If the price of copper reaches $1.51 per Ib. (it is now more than $1.43), the metal in pennies will be worth more than the coins themselves...
...excess of what it pumped during the corresponding period in 1972) and oil from "stripper" wells that produce 10 bbl. a day or less. Stripper oil is selling for as much as $10 per bbl., enabling the owner of a well that produces 5 bbl. daily to turn a profit from a property that a year ago would have been shut down as uneconomic...
...Profit from a Monetary Crisis, Browne...
...what effect is unclear: Umberto has stated that the contract makes it impossible for Fiat to operate at a profit. The award will raise labor costs 11.5%, on top of a 17% hike last year. Meanwhile, government regulations have clamped a lid on the prices that Fiat can charge, and its auto sales are down by as much as 45% because of apprehension over the energy situation. Even before the award, the company had slipped about $30 million into the red last year, its first loss in recent history...
...Profit from a Monetary Crisis, Browne...