Word: cash
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Dates: during 1970-1979
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Before the accident, the planemaker was looking good. It had more than $750 million in cash and, after its slow start, its ten-year, $1 billion investment in the DC-10 was about to pay off. The company needs 400 sales of the $40 million plane to cover costs and start making profits. It has already delivered 281, received firm orders for 49, and taken options-which buyers could still cancel-for 50. Last year the Douglas commercial-plane side, which McDonnell had acquired in 1967, lost $60.3 million, mainly because of unrecovered DC-10 costs. This was more than...
...Excessive Government regulations that have forced companies to spend cash not on new labor-saving and productive machines but on costly antipollution, safety and health equipment. Coal mining has been particularly hurt. Says Tom Duncan, head of the Kentucky Coal Association, a group of mine operators: "The man mining the coal is probably more productive than ever before, but now you've got one man carrying away possibly explosive coal dust, one or two men bolting roofs, one doing this thing and one doing that." In Kentucky, for example, productivity has dropped from 23.6 tons of coal mined...
...green tide of Watergate-writing cash keeps rolling on. John Dean's Blind Ambition crests in a four-part TV spectacular. Judge John Sirica's refreshingly unjuridical To Set the Record Straight surges onto the bestseller lists. Now comes John Ehrlichman's second novel, The Whole Truth, a racy Washington scandal spin-off aimed at reeling in a movie or TV contract, as did his first, The Company. More modestly, Leon Jaworski offers a spare memoir, Confession and Avoidance, his second Watergate book, which seems pitched in too low a key to unlock any box-office riches...
...Western businessman that he should donate two cars, one for his own use during occasional visits to China and one for the corporation. Members of another trade corporation told representatives of a U.S. company that a particular commodity purchase did not have to be paid entirely in cash; instead, if the Americans came across with a car, the vehicle's cost could be deducted from the contracted...
...become clear in the last two years that student and faculty opinions on South African investments are not taken very seriously. Unfortunately, the Corporation seems to listen only to the ring of the cash register. Therefore, a financial boycott and mailing campaign seem to be the only options left to those in the Harvard community who care about the University's corporate investment policy and its effects on human rights in South Africa...