Word: profiteered
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Dates: during 1970-1979
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...surplus is normally taken as a sign that a business is healthy. From a strictly financial point of view, the news that Harvard made a profit this year is good. But Harvard is supposed to be a place for learning, not a business. A surplus should only be allowed when there are no programs, no scholarships, no financial needs at all that are left to be satisfied. And in a time of financial stringency, a time when cutbacks and cancellations are the rule, a surplus is inexcusable...
...University garnered nearly 10 per cent more than last year in tuition money and a full 25 per cent more in room and board fees. Thus, Harvard leaned harder and harder on its students, in a year in which government funding increased and the budget showed an overall profit...
After a net loss of $800,000 in fiscal 1972, British Airways posted a $12 million net profit on revenues of $1.2 billion for fiscal 1973. Labor productivity has risen 21% in the past 16 months. This calendar year the line is the leader in passenger growth on the North Atlantic; its traffic is up 17% on that run, 50% on the fast-growing Far East run, and 15% systemwide. And quiescent workers recently finished painting BRITISH AIRWAYS on the company's 220 planes, which now constitute the world's largest commercial fleet...
...Delta can save some money for the Harvard administration. Hall says that the system will make back the money originally invested in it just by preventing the breaking of boiler systems for a couple of years. After those couple of years, Hall says, whatever the Delta saves is pure profit...
...Industrial imperialism depends on workers' accepting the traditional standard of living while laboring at industrial jobs to support foreign companies and the increasing consumer demands of the emerging Western-style managerial elite. The economic gap between the rich and poor, widened by the exploitation of the people for foreign profit, becomes a broader cultural gap as well...