Word: profiteers
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Dates: during 1960-1960
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...York night life has none of the exoticism of the Far East, or even the Western lavishness of Las Vegas, where moderately priced sirloins and an hour of Frank Sinatra serve as loss leaders for gaming tables and one-armed bandits. New York has to make its profit in inflated prices and deflated drinks-the minimum at the higher-priced places, such as the Blue Angel and the Latin Quarter, is $7; a highball averages about $1.25. New York has less convention-tickling cheapness than Chicago and more variety than Los Angeles, but a lack of the good-time-Charleyism...
...week's end A.M.C. stock was off one point. What the sellers failed to realize is that Romney cannot lose. He pays nothing if sales, down slightly in December from November, do not increase at least 10%. But if his gimmick makes them rise above that, the profit on the extra cars sold will more than make up the rebates...
...cottages, to be called Rockledge. It will have a pitch-and-putt golf course, lawn bowling, shuffleboard, roof garden, sun deck and an infirmary offering 24-hr, medical service. What sets Rockledge apart from other hotel projects is that it is designed to house only retired people-at a profit. Prices will start at $8,000 to buy a living room-bedroom apartment, plus a $112.50-per-person monthly charge for meals and maintenance. The builders of Rockledge are so enthusiastic about the vast new market to house the elderly that they plan to spend another $87.5 million to build...
...year from Social Security and pensions. Their ranks will swell as pension plans expand and the number of those over 65 soars to 20 million by 1970. Recognizing the possibilities, the Federal Housing Administration has given the housing projects a boost; it guarantees up to 90% of mortgages on profit-making retirement homes...
Such tactics, backstopped by one of the most efficient aluminum plants in the world, have made Harvey Aluminum the bright spot this year in a generally tarnished-profit industry. Aluminum's Big Three (Alcoa, Kaiser and Reynolds) are operating at an average of 83% capacity, and profits are down in the cost-price squeeze. Harvey has been operating at 100% capacity all year, this week reported record profits of $5,000,000 for the fiscal year ending Sept. 30, despite the fact that sales slipped 1.1% to $59.7 million...