Word: costs
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Dates: during 1970-1979
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...love of the game of football more than Ohio State's Woody Hayes [Jan. 15]. If he is a symbol of anything, it is of the sad state of affairs that occurs when a healthy spirit of competition is replaced by an insatiable lust for victory at any cost...
...same time, downtown Detroit is being transformed by a building boom. The biggest addition to the skyline is the much heralded Renaissance Center, completed at a cost of $350 million in 1977 by a consortium led by Henry Ford II. A cluster of five glass towers next to the Detroit River, "Ren Cen" consists of a 73-story hotel, the world's tallest, and four 39-story office buildings. More than 90% of the office space has been rented, and the complex's shopping arcade, which includes elegant boutiques such as Courreges, Ungaro and Cartier, has brought...
...profits have been so enticing that New York City's Rockefeller Center Inc., intends to join other developers in building two office towers near by at a total cost of $70 million. The 20,000-seat Joe Louis sports and convention arena, also on the river bank, is near completion. Luxury apartments are scheduled to be built on an adjacent 35-acre plot, and some 70 large construction projects are being developed for the rest of the downtown area. Indeed, downtown apartments are in such demand that they have become scarce and rents are rising...
...ratio has increased only 1.75% annually. Economists argue fiercely whether the chief reason has been tax policies that favor consumption over investment or business fear that recession and/or inflation will wipe out the profit on new investment. In either case, the result has been to slow the introduction of cost-cutting, labor-saving machinery and, says the CEA, to slash the growth of productivity by half a percentage point each year...
Although he emphasized the environmental advantages of solar electricity, Ehrenreich said that its cost would have to go down by about 20 times to be competitive with coal-generated electricity in the year...