Word: profitable
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Dates: during 1960-1960
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...that the solution of the nation's problems lies in a free economy, minimum government control, and reduction of taxes as a means of stimulating investment for expansion and growth; however, and this is as it should be, private capital is invested only in enterprises that have pecuniary profit-making expectations. Returns for investments in schools, housing, conquest of hunger and disease and exploration of the cosmos are not fast or attractive enough...
Example: TIME criticizes Michigan's business-activities tax, under which "the manufacturer is taxed on his rate of sales whether he makes a profit or not." Fact: this tax was written by lobbyists for Ford and General Motors and passed over the violent objections of the Democrats. G.O.P. legislators were forced to call the lobbyists onto the floor of the house-in public session-to explain to Republicans the bill they passed a few moments later...
...chip stocks, used the proceeds to finance a network of Ismaili banks, shops and factories. In Ismaili communities, he built hospitals, mosques and schools. He left an estimated $800 million, though the young Aga Khan warns, "You can't count hospitals-they're an expense, not a profit." Since his grandfather willed him the title three years ago, the Aga Khan's principal job has been dispensing largess. Inevitably, he must turn down far more requests than he grants. In Pakistan, he inaugurated a housing project as a step toward his goal of "a house for every...
...King. Even more devastating is Le Canard Enchaine, a six-page weekly with a circulation of 290,000. Founded during World War I, Le Canard Enchaine (The Chained Duck) is French slang for a censored press. It carries no advertising, makes no profit, and barely pays the salaries of the editors who own it. But its news sources are among Paris' best, and it often manages to print as gossip what more serious journals dare not print as news, is closely watched by politicians and Cabinet ministers for its reflection of the country's temper (at least three...
...spite of an apparent return of $577,000 last year, the Faculty of Arts and Sciences actually made no profit and will probably make none this year, since salaries have risen $500,000, according to the annual Financial Report. Of the apparent "profit" $200,000 was transferred to a student loan fund and $400,000 to the principal of the endowment fund...