Word: profiteered
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Dates: during 1970-1979
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...have Agnew knocked out of the running by a scandal. Agnew, his aides contend, shares some of their suspicions about the Attorney General. Richardson says that he refuses to "dignify" such assertions by replying to them. A source close to Richardson maintains that the Attorney General could not profit from the leaks involving Agnew because "they are seen as a failure within the department to observe ethical standards, as another stain on the department...
...logical limits," so that "for any ambitious businessman, it is an anticlimax to retreat back from those limits." There is no obvious reason not to believe both these statements: few organizations carry anything to its logical limits. ITT offers us a chance to study the workings of the profit motive in as pure a form as they are likely to assume. Like Gerrity's remark, Sampson's book reminds us that a producer's success is based on belief, not in its goodness, but in its ability to deliver the goods--an activity at which ITT has achieved its share...
Economist Walter Heller sees some hope that strict enforcement of Phase IV rules will at least hold down price increases. Under those rules, sellers may raise prices only enough to pass on increased costs dollar for dollar; they cannot tack on an additional profit markup. Cost of Living Council Director John T. Dunlop complained to friends last week, however, that he is having difficulty recruiting people to check up on price boosters. Prospective employees apparently believe that the program will be dropped in a few months, leaving them without jobs. Treasury Secretary George Shultz did nothing to discourage such speculation...
...eyes, no one is better suited than himself. First, he insists, Aramco does not gouge its clients (though many are doctors and other professionals who can expect to make large salaries in the West). "I have not increased my prices, in spite of inflation," he insists. "My profit margin is only 25%. The overhead is tremendous...
...year. Grant, who took a glider ride at a Sun Valley film festival last week to plug the movies, insists that he plans no acting comeback. "I'm really interested in the economics of it," he says. He points out that in addition to any profit, "each time one of our films is mentioned anywhere in the world, it is identified as a Brut production; you get a great deal back in hidden advertising." The new film division has also helped bring out one of the lesser-known talents of Fabergé President George Barrie, a former saxophone player...