Word: costs
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Dates: during 1970-1979
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...fellow executives to be even more conservation minded. "I am the only one here," he said, "who had the opportunity of viewing the world from 240,000 miles out in space, and I know how small it looks." As an industry at the mercy of both soaring fuel costs (kerosene, which cost 8? to 10? per gal. in the late 1960s, may rise to 70? in the mid-1980s) and scarce capital for new equipment, the airlines must conserve or face ruin. Under Borman's prodding, Eastern has increased its passengers 10.4% while reducing fuel consumption 7.5%. Among...
...Tshombe's secessionist movement was defeated in the mid-1960s. What made the invasion ominous, to Mobutu's allies, was that the Katangese invaders had obviously been trained and armed by the Angolans and their guests, the Cubans, with the support of the Soviet Union. At little cost or risk to themselves, the Cubans and the Soviets seemed to be using the Katangese rebels to try to overthrow Mobutu, an unpopular pro-Western leader who has at least managed to hold his sprawling, tribally divided nation together for nine years...
There are some easily identifiable reasons for McDonald's success, though. One is that in recent years inflation has jacked up the cost of meals eaten at home more than of those eaten out, spurring a growing willingness among Americans to eat almost anything so long as they do not have to cook it themselves. Industry marketing studies indicate that in ten years fully one-half of the nation's food budget will be spent for meals eaten outside the home, v. one-third spent now. McDonald's expects to benefit handsomely from this trend...
...Postal Service is going to cost more and provide less service, with larger subsidies. There isn 't much happy about it from now to the end of the century...
...order to cut costs, the Postal Service should stop delivering mail on Satur days. Distressing finding: even if it does that, and gets an increase in its subsidy from the Government, the cost of a first-class stamp will probably climb from the present...