Word: profiteered
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Dates: during 1970-1979
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Supertestifier Ralph Nader challenged the panel to concentrate on forcing multinationals to divulge information on profit, safety and other policies, which they are not now required to furnish publicly anywhere. Such open accountings of their activities, charged Nader, would reveal that many "world-corps" dump mislabeled and dangerous goods in foreign outlets, seek out nations with low pollution standards for new sites on which to build plants and condone "snakepit" working conditions in the Third World...
...over command of Sweden's biggest industrial concern (annual sales: $1.5 billion) from his father-in-law in January 1973, insisted that his company had been considering the U.S. plant for many months and had not been influenced by the current world monetary disarray. However, Volvo may well profit from the money tangle. As the value of many currencies (including Sweden's krona) has continued to rise against the dollar−and as foreign labor costs have continued to mount−the once huge gap between U.S. and other countries' wages has narrowed. Other foreign automakers...
...American justice) for crimes his troops committed--is inapplicable for anything but political crimes. Yet political crimes are what the American Congress faces when it confronts the Watergate affair and other comparable incidents in Nixon's presidency. As Mitchell has pointed out, he did not expect to personally profit by anything he did. As Jeb Stuart Magruder has claimed, he did what he did because he believed it to be justified by political necessity. The political nature of these crimes must not be ignored...
...several cases, these have been accompanied by shifts in the composition of economic elites. New groups of businessmen and politicians have risen to the top. At other turning points, the same people retained control of the economy but entered new kinds of profit-making activity...
...several cases, these have been accompained by shifts in the composition of economic elites. New groups of businessmen and politicians have risen to the top. At other turning points, the same people retained control of the economy but entered new kinds of profit-making activity...