Word: impacted
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Dates: during 1970-1979
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Zivkovic, a Yugoslavian native, is a hard worker who is perpetually enthusiastic about fencing. His impact on the sport has been recognized throughout the world, and his effect on Harvard fencers has already been beneficial...
...cost of replacing their inventories, plant and equipment. (Many of these companies are expected to mention the new figures in their annual reports to stockholders.) U.S. companies carry their assets on their books at their original cost-the "historic" cost, in accountants' lingo-with no provision for the impact of inflation over the years. But the addition of replacement-cost figures, the SEC argues, will provide a more realistic measure of the true worth of a company in an era of persisting inflation...
...time, the effect on profits would be less pronounced. Yet it would still be sizable, especially for capital-intensive industries such as steel and oil, and electric utilities. Lee Seidler, an accounting professor at New York University who is a strong proponent of the new system, has calculated its impact on some firms in recent years. At Union Carbide, for example, the 1975 earnings of $746 million would have slipped to $655 million, a 12% slide...
...boardroom uneasiness about replacement-cost accounting starts with the expense of making the new calculations, a job that might cost as much as $1 million at some large firms. More fundamentally, executives worry about the impact of lower reported earnings on Wall Street's view of a corporation's stock...
...court ruled that it was not necessarily unconstitutional for a suburb to refuse to change zoning restrictions that in effect bar racially integrated low-cost housing projects. Said Justice Lewis Powell for the majority: "Official action will not be held unconstitutional solely because it results in a racially disproportionate impact . . . Proof of racially discriminatory intent or purpose is required to show a violation of the equal protection clause." The court found no such intent...