Word: profitted
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Dates: during 1970-1979
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Blind Eye. The carriers seem to be resisting the broom-wielding administration of Eduard Shevardnadze, an austere former police chief who was made regional party boss in 1972, when private corruption threatened to engulf the entire local Communist organization. With officials turning a blind eye, profiteers had, among other things, been looting several large factories and selling their products on the black market. Capitalist-minded peasants had been loading flowers and produce aboard Aeroflot flights to Moscow, where they could be sold at large profit...
...into valuable pulpwood) and began developing the 4,500-acre Sea Pines Plantation. It became a world-renowned resort that respected the environment -the pine trees are still standing, and the 'gators and a host of sea birds still make it their home-and also turned a handsome profit. Buoyed by that success, the insatiably ambitious Fraser went public in 1973, selling 400,000 shares in his Sea Pines Co. at $ 18 a share, while embarking on a series of other projects. The most important by far was Palmas Del Mar, a 2,800-acre playground in Puerto Rico...
...deeded back to the lender the North Carolina tract where he planned to build the Nantahala/Heritage Park. He has also shelved plans for several smaller resorts where "almost any member of the middle class" could enjoy a few days of outdoor recreation for a modest price. "Making a profit is listed in the corporate objectives as No. 4," says Sea Pines President James W. Light, 32. Rated more Important: achieving high standards of ecological and community planning, creating environments for the "rejuvenation and recreation" of "creative and responsible" people and helping Sea Pines employees to find "personal growth and fulfillment...
...absurd: he denounces OPEC, as is de rigeur on the American center-right, for its raising of oil prices and he extolls the world free market. Yet there is no free market; monopolistic multinational corporations control international trade in manufacturing, charging inflated prices and thus adding to their profit margins. Third world producers of food and raw materials have heretofore engaged in competition with each other to their detriment, over-producing and lowering prices for their goods. In the 20 years between 1952 and 1972, the UN reports, prices of primary commodities (mainly from the underdeveloped countries) declined relative...
Because rooms had been scheduled for us on campus, I was a bit surprised last year when Dean Epps told us he could not allow Southwestern or any other company to interview on campus, because of the University's non-profit status. I agreed to not meet on campus. While looking off-campus for meeting rooms, however, I decided to go ahead with a couple meetings in Harvard dorms. In retrospect, I can see that it was wrong...