Word: profiteered
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Dates: during 1970-1979
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...judge and twice Governor of Illinois, and Co-Defendant Theodore Isaacs to three years in prison and $50,000 in fines. In February, a jury had found both guilty of taking part in a dubious race-track stock deal in which Kerner, while Governor, netted nearly $145,000 in profit...
...insurance to buy a 1954 Bentley for $10,000; he figures that the car will soon be worth more to his heirs than the insurance. Physicians and other professionals are buying cars at $20,000 and up, declaring them as business expenses for income tax purposes, and taking further profit when it is time to sell...
...under active consideration." Instead, the Administration turned its energies to lobbying against a House bill that would have frozen most prices and interest rates at March 16 levels. It succeeded, with help from businessmen and farmers who cried to their Congressmen that the bill would force them into profit-wrecking price rollbacks. The House defeated the bill, and by week's end a Senate-House conference committee cleared a measure that would give Nixon exactly what he wants, a one-year extension of his carte blanche to establish any kind of wage-price policy he chooses. A final vote...
Nancy B. Abrams '76 said Tuesday that Union officials reacted favorably to suggestions that a pub be set up next Fall in the Union. Abrams said that her role would be that of a manage and not that of a profit maker...
...gasoline, lumber, hides, steel, zinc, textiles, electronic components, resins and bearings. When scarcities become widespread, prices are all but impossible to control; historically, in such situations, they have declined only after the onset of a recession. In addition, first-quarter earnings reports issued by major corporations last week showed profit increases over a year earlier ranging from 11% for General Electric to 47.5% for International Paper. Such increases will tempt union chiefs to demand outsize pay raises in important negotiations this year. If they win, the economy could suffer both demand-pull and cost-push inflation at the same time...