Word: profitted
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Dates: during 1970-1979
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...firm operating in more than one country will not deliberately choose unnecessarily costly locations to build its products. To do so would mean losing profits that could be made by manufacturing products at more efficient locations. In the intensely competitive worldwide market in which GM operates, such a patently inefficient procedure would probably make it impossible for GM to make any overseas sales at all. As you recognize, moreover, multinationals "benefit the U.S. because much of their profit is returned home in the form of retained earnings." In 1977 GM's total international transactions resulted in a net inflow...
...could brandish a new study by the Organization for Economic Cooperation and Development on the relative competitiveness of 24 major industrial countries. It found that, largely as a consequence of the dollar's drop and rising world prices, the U.S. now enjoys the lowest production costs and highest profit margins of all the 24. Steeply rising U.S. export and import prices relative to all other OECD countries, including Japan and West Germany, provided U.S. manufacturers with ever widening profitability margins. The OECD analysts concluded: "Indeed, by almost every available indicator the United States seems to have become much more...
...female torso from a bronze cast sculpture by Gaston Lachaise. A slow mover is the $7,500 copy of the Rodin nude. Rockefeller, who has been collecting since the 1930s, invested $3.5 million in the project and admits he will close it down if it is not turning a profit. Says he: "I couldn't do it as a philanthropy...
...aside" (not plant) 20% of his 2,000 wheat acres this year, he would have qualified to receive a Government-guaranteed "target price" of $3.40 a bushel. Benedict elected instead to plant all his acres, gambling that eventually he will get a high enough price to make a larger profit on a bigger crop. Whether he wins he will not know for many months. He has signed a contract to sell 40% of his wheat crop, for a price that he says "will cover costs and a little more," and will store the rest to release whenever he judges market...
...next generation of Pat Benedicts to come from? That is perhaps the most important question in American agriculture. High interest rates, soaring prices for land, machinery, fertilizer and pesticides, and the very fact that farmers must operate on a large scale to be fairly confident of regular profit, make it difficult for operators of small- and medium-sized farms to expand and even tougher for young farmers to get started...