Word: profiteered
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Dates: during 1970-1979
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...PROFITS WILL be collected entirely by the federal government, but in an updating of revenue sharing large transfusions of capital will be channeled back to the local level in the form of pay-offs to police departments, district attorneys' offices, and the appropriate elected leaders. LOVE's architects stress that the program's primary consideration is not community service but individual profit. Its theoretical purpose, in other words, will be to direct the energies of the governmental bodies it involves more acutely to the needs of those they actually serve. It is hoped that LOVE will be able to eliminate...
...voluntarily at his weekly press conference, before anyone had a chance to ask. His report: only normal tanker traffic had been discovered. Anyway, he added, the rumored tactic would make no sense, because the oil could legally be sold only for its original cost plus freight charges and normal profit markup...
...addition, Children's is a Harvard teaching hospital." Goldstein said. "We would like some students to apply for residency here, whether or not they are planning to specialize in adolescent gynecology. They could carry their experience with these patients back to profit in whatever field they chose...
...controls oil prices. First, it lifted controls on the crude that comes from stripper wells-those that produce 10 bbl. or less per day. Stripper prices have since risen from $3 a bbl. to $8.50 or more; at these prices, the owner of a stripper can make a profit from a well that might otherwise be worthless. These wells now account for 13% of U.S. production...
Starting this week, oil companies will have to pump about $7 into the national treasuries of Middle East host countries for each barrel of crude they take from the desert sands. Once corporate profit margins and the cost of transportation are cranked in, the price of crude in world markets will nearly triple, to something like $9 per bbl. At present prices, worldwide customers shell out about $22 billion a year for the 6.2 billion bbl. of crude that the Middle East exports. When the new prices take effect, the tab will leap overnight to $55 billion or more...