Word: profits
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Dates: during 1950-1959
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Howe thought newspapers should not be profit grubbers but community institutions, worked hard to make them that with his own brand of salty, personal journalism. It was his explanation for his success. Said he: "I can drive across the United States and buy a newspaper in every town and there would be the same comics, the same text, features and a lot of times even the same editorials." But "we print news so that it can be understood in this part of Texas...
...refused to allow price boosts for existing standard or king-size brands, Chesterfield was able to get 1? more for its king by proving it costs more to make. As a result, in spite of the higher cost, the extra penny gives Liggett & Myers an estimated additional profit margin (before taxes) of ¼? per package. This was a cogent reason why other makers, despite denials, might follow Chesterfield's lead in "kinging" their top brands. And what the move emphasized most was the growing popularity of long cigarettes, whose share of the total market has zoomed from...
...putting up $10,000 cash and borrowing $90,000, a free rider could buy $1,000,000 worth of bonds, resell to a bank and pocket a $3,750 profit, making 37 1/2% on his money in a week...
...Nobody in Wall Street believed that the "private buyers" would hold on to their bonds. Many, perhaps most of them had simply taken what the Street calls a "free ride"; they had put down 10% to buy the bonds and by quickly selling them, they could skim a quick profit on the ⅜% premium which the bonds immediately brought in the open market.* Thus, most of the bonds ostensibly sold to private individuals would probably find their way to the banks in short order. They would provide the basis for a huge expansion of credit at a time when other...
...market, Williamson had a change of heart. He took his diamonds off the market, threatened to sell them independently when his contract with the cartel expired in 1951. Boasted he: "I could sell my diamonds at 10% under the syndicate's fixed price and still make a profit." Williamson started installing new machinery to double output. Said he: "I've only been scraping the surface with bulldozers...