Word: profitted
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Dates: during 1970-1979
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...profit motive reigns unchecked along Santa Monica Boulevard. The markup on dildos is 600%, and the nudie magazines that retailers buy at $3 each sell for $6 to $8. Not everything, however, is what it seems. The Institute of Oral Love mainly dispenses talk, and Wild Mary's Massage provides local stimulation only if the customer pays extra. On the north side of the street is the "Beefcake Zone" where male hustlers loiter outside the homosexual theaters. The south side belongs to the straights, 70% of whom seem to be Japanese tourists. And from the open doors waft odors...
American anxiety over porn is little more than a century old. Early America had few obscenity laws. The new nation's first recorded court decision did not come until 1815, when six hapless Philadelphians were convicted of showing for profit an indecent painting. The first federal restriction came in 1842 with the passage of a law that forbade importing obscene pictures. In 1865, in response to fears that smut had been corrupting the Union's soldiers, such things were barred from the mails...
...Former Ventriloquist Ted Marche, 53, a decade ago opened a small dildo factory in North Hollywood, convinced that another kind of profit might be extracted from the sexual enthusiasms of the young. Since then, he and his son Steven, 27, have sold 4,975,000 dildos. Today Marche Manufacturing turns out 350 different sexual products, and sales have risen an average 28% each year since 1970. Claims Dildodynast Steven Marche: "These toys have saved more marriages than all the preachers in the world...
...when Tory M.P. Elmer Mackay unsuccessfully petitioned Commons for a judicial inquiry into possible federal influence peddling in the granting of duty-free shop concessions at Montreal's airports. Mackay charged that Louis Giguere, a Liberal Senator and prominent party fund raiser, had made a $92,000 windfall profit from the timely purchase and sale of shares in Sky Shops Ltd., the concession in question. Mackay also charged that Health and Welfare Minister Marc Lalonde, who was Trudeau's principal secretary when Sky Shops renewed its concession in 1972, had been influential in getting the concession approved. Trudeau...
...performance: the Dow Jones industrial average cracked the 1,000 mark not once but five times, and each time it fell back. On Thursday the 30-stock index even managed to close at 1,003.31, its first close above 1,000 in more than three years. But on Friday profit taking in U.S. Steel and Bethlehem and worries about a possible rise in interest rates beat the Dow down...