Word: profiteered
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Whenever foreign dollar holders get especially nervous, they can force a crisis by shifting their money into some other currency-usually the Japanese yen or German mark-that they think is strong. If the currency rises in value, they can profit by turning their yen or marks back into more dollars than they had before. In financial demonology, they become evil "money speculators" who are attacking the dollar. Some of these speculators are investors who will put their money wherever they get the highest interest rates. They may sell American bonds, buy marks with the dollars that they...
...manufacturer who needs five computers will buy that many, but he will not increase his order to six no matter how low the price drops. Beyond that, big U.S. manufacturers decided long ago to serve foreign markets by building plants overseas rather than by exporting. The multinational corporations will profit from devaluation. Their foreign earnings will be worth many more dollars than they would have been in 1972. But only the money sent back to the U.S. in dividends will help the balance of payments...
State Senator Jack H. Backman, chairman of the Social Welfare Committee, has proposed a more moderate bill that would eliminate penalties for possession or the sale of one ounce or less of marijuana without a profit. The Back-man bill would retain existing penalties for the sale of quantities greater than one ounce...
...cozy family affair. The opportunity to acquire a TV station was ignored 25 years ago. Staff was allowed to expand with little concern for the cost. Says Punch Sulzberger: "When I first came here [1955], there was no budget." Arthur Hays Sulzberger, Punch's father, would share profit-and-loss figures with only three other top executives because, as his son says, "It was no one else's business." According to Sulzberger, then-Managing Editor Turner Catledge "would simply spend money until my father told him to hold back a little on hiring or other expenses...
Skocpol said the Sociology Department at Harvard is the least responsive to radical demands. Profit said his Department hardly has the luxury to worry about internal turnoil because it faces "complete extinction" by Harvard...