Word: losses
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Dates: during 1970-1979
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TriStar L-1011s have never recouped development costs, and the company is resigned to writing off about $400 million of those costs over the next eight years; since the write-offs reduce profits, they have the effect of a guaranteed annual loss...
...aircraft market, Boeing and McDonnell Douglas. Last year all three had comparable sales: $3.2 billion for Lockheed, $3.5 billion for McDonnell Douglas and $3.9 billion for Boeing. But while McDonnell Douglas earned a profit of $109 million and Boeing $103 million, Lockheed netted only $39 million. Reason: an operating loss of $125 million on the airbus. The news this year is no better. In the first six months, Lockheed's profits rose to $25.5 million, from $22.2 million a year earlier, but they would have been three times as large without a $52.7 million TriStar write-off. Lockheed...
...sophisticated canned goods. Old-fashioned lemonade arrives canned. Presidential memoirs come canned. American sport is canned and packaged, produced and directed until naturalism and spontaneity are fled. Sport appears in the living room marketed as fun and games. More deeply, big-time sport is profit and loss. It is a lode for the television industry...
...rebirth of the republic, and imagined conversations with Nixon and "Exxon"--an archetypal business executive who informs Mee that present governments are outmoded and that multinational corporations will inevitably rule the world. They will, Exxon says, be responsive only to "the reality of economics, the reality of profit and loss statements, to the making and distribution and consuming of things...
...guzzlers. Carter's recommendation for graduated increases in gasoline taxes, which could have totaled 50? per gal. within ten years, was dropped, and the House also defeated a substitute proposal to raise the 4? per gal. federal gas tax by 5?. That setback was no great loss; there is a suspicion in Washington that the 500 proposal was planned in the first place as a throwaway to give Congress something to kill. Also the President could not sell the House on giving him power to order factories to switch from oil or natural gas to coal as fuel...