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Word: profiteers (lookup in dictionary) (lookup stats)
Dates: during 1980-1980
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Usage:

Navajo, Ariz. (pop. 24), has much to offer: history (it was Arizona's first territorial capital), location (on Interstate 40 just south of the huge Navajo Indian Reservation and east of the popular Painted Desert and Petrified Forest National Park) and profit ($100,000 a year from its motel, café, service station and general store). As a result, Navajo has six new owners: Don and Rita Schwinghamer of Phoenix, Don's cousin Frank Schwinghamer and his wife Ann, from Canada, and their close friends Len and Betty Siebert of Bellevue, Wash...

Author: /time Magazine | Title: Americana: Our Town | 12/29/1980 | See Source »

...while the official ceiling price for oil sold by any OPEC member was increased by $4, to $41 per bbl. The price increases will jack up the world's oil bill by an estimated $26 billion in 1981. The message from Bali was clear: oil and profit are still powerful enough forces to keep even warring nations working together...

Author: /time Magazine | Title: Business: Bali High for Oil Prices | 12/29/1980 | See Source »

...poorly, and dealers now have more than a 120-day supply, twice the desired amount. As the auto industry last week prepared for its annual holiday shutdown, only three of Chrysler's six assembly plants were operating. The company, which had once vowed that it would earn a profit in the fourth quarter, will probably lose more than $200 million between October and December. That would push its losses for 1980 to an astonishing $1.7 billion, breaking the current record for the highest yearly loss in U.S. corporate history, set by Chrysler in 1979 with $1.1 billion...

Author: /time Magazine | Title: Business: Chrysler Goes Back to the Well | 12/29/1980 | See Source »

Chrysler's 20,000 suppliers are the most complicated problem. One steel company told Iacocca, in his words, to "drop dead." Said the president of another longtime supplier: "A lot of us will not go along. There is not 5% of profit for us left in Chrysler business...

Author: /time Magazine | Title: Business: Chrysler Goes Back to the Well | 12/29/1980 | See Source »

Though OPEC seems invariably to profit from the suffering of its customers, the organization has hardly engineered the crisis from which it is benefiting. Instead, the group has merely been a catalyst, if a particularly jarring one, for economic changes that were bound to come. Petroleum prices have been going up because worldwide demand for oil has been increasing relentlessly while supplies have fallen. The cartel's policies have been designed to exploit the opportunity and earn a higher profit from petroleum sales...

Author: /time Magazine | Title: Energy: The Seven Lean Years | 12/22/1980 | See Source »

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