Word: profits
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Dates: during 1960-1969
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...been captured and executed by Bolivia's army last fall, Western journalists swarmed to La Paz to bid for the publishing rights. "If I had the money," said Bolivian Minister of Government Antonio Arguedas at the time, "I would buy the diary myself and resell it at a profit." It seems, however, that money did not stand in Arguedas' way after all. Last week, less than a month after Fidel Castro had gleefully published the diary in Havana, an investigation by the Bolivian army charged that the No. 2 man in Bolivia's government had simply borrowed...
...Allis-Chalmers, the big Wisconsin-based manufacturer, has yet to solve the nagging profit problems that have made it a tantalizing, if so far highly elusive, takeover prospect (latest suitor: Gulf & Western). In the first half of 1968, profits fell 44% from last year's first half (also poor) to a bare $4.6 million on sales of $416 million. Said the company's beleaguered boss, Robert L. Stevenson: "Steps are being taken...
...Xerox, which turns out yearly profit records with the regularity of its own copiers, seems well on its way to its 16th straight mark. For the second quarter, earnings came to $28 million-a full 22% over the $23 million of the first quarter. All Chairman C. Peter McClough has to do now is to live up to his promise, made ten weeks ago when he became Chief Executive officer, to "keep her growing...
Beinecke, who spent his first summer on Nantucket at the age of two, expects his commercial interests to turn a profit eventually-but money is not his main motive. He plans to turn his commercial holdings over to a foundation that will spend at least half the income restoring and maintaining historic buildings. Along with other off-islanders, he has also bought up undeveloped land for conservation. Basically, he explains, he is trying to preserve the island as it used...
...poor nations, and the moral dilemma posed by that fact for churchmen. Zambia's President Kenneth Kaunda struck the keynote -"the end of an era of optimism," and the "disappointment and disillusionment" of the newly independent nations. In underdeveloped countries, he charged, the West "seeks only maximum profit and makes development a mere windfall gain -mere crumbs falling from the rich man's table." Simplistic as it sounded, Kaunda's speech reflected the mood of the "third world" as voiced at Uppsala...