Word: profiteered
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Dates: during 1970-1979
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Second, while the University is not a business, neither is a surplus a profit. The surplus realized is simply the total of a number of individual faculty balances which are kept by them and are thus available to them to meet the urgent needs of this year and next when, as I noted in my report, the inflated costs of food and fuel and library books and almost everything else are going to test all of our resources and sources of income much more severely than...
Before beginning his sermon, Graham would let loose a sales pitch for the Billy Graham Evangelistic Association (BGEA), a non-profit corporation that oversees and budgets all his activities. "We can't keep bringing me into your living room without your help, folks," he'd say in sermonic tones with arms flailing. He'd direct the crowd's attention to the collection buckets being passed around, the concession stand inside the stadium with scores of books by and about Graham and religious experiences. Then he'd remind them to send contributions to the national association: "Now that address again...
...situation of the oil industry may become more common as multinational corporations proliferate. The oilmen profit from the special treatment accorded them by home governments--at one time including the gunboat diplomacy that helped American companies negotiate favorable contracts with Venezuala, and eased British Petroleum's entry into the Middle East oilfields, and now incorporated in tax breaks like the U.S. oil depletion allowance. But because of their size, their international connections, and the economic clout of their cartels, the oilmen form a class by themselves, independent of the separate nations they supply and deal with. Negotiating with the Arabs...
...same time, the strengthening of the Arab position is opening up a whole new area for western exploitation. As the Arabs push up their profit shares, they are beginning to recognize the need for long-term economic development, planning against the day when their wells run dry. The Arabs have turned down requests for increased production, and even set production ceilings. Last year, Kuwait turned down a request from Kuwait Oil Co., a jointly owned subsidiary of Gulf and British Petroleum, for a production increase. Instead Kuwait set a 3 million barrel day limit on oil exports...
...therefore impossible, given the structure of the world economy, for these underdeveloped nations to give birth to their own unique scientific and technological traditions. Profit-maximizing corporations, governments liberating the natives from their "ignorance" and "self-sacrificing" individuals send in some scientific and industrial know-how. But natives must still emigrate to attend western institutions for their modern education, and return to their homelands with western values and techniques to guide their nations' development...