Word: millions
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Dates: during 1960-1969
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...University of California. One year later, Franklin Murphy lured him to U.C.L.A. as his personal assistant, eventually got him promoted to assistant chancellor and began to groom him as a potential successor. While Murphy planned and directed U.C.L.A.'s massive expansion program-a nearly doubled enrollment and $174 million worth of new construction since 1960-Young took charge of the campus' daily operations, including most administration dealings with students...
American doctors write about 900 million prescriptions every year, and the vast majority of physicians are supremely confident that what they write is right. But is it? Last week an expert task force told the Secretary of Health, Education and Welfare that too many doctors know far too little about drugs. While few of the doctors "seem inclined to voice any question of their competency in this field," the study group concluded, "lack of knowledge and sophistication in the proper use of drugs is perhaps the greatest deficiency of the average physician today...
...sense, the airlines have been buffeted by their own success. Airline revenues have more than tripled during the past decade, and the industry expects to transport 300 million passen gers a year on domestic flights by 1975, compared with 125 million last year. Gearing themselves to the crush of expected business, most major carriers have been busily adding new flights to their schedules and laying out huge sums for stretched jet transports, jum bo jets and supersonic aircraft. In the process, they have found themselves trapped in an ever worsening cost-profit squeeze...
...almost as much more in 1968. The one-two punch has battered the profits of some of the biggest carriers. United has suffered an earnings decline this year of 49.2%, Continental Airlines of 62.5%, Eastern of 63.3%. Even worse off is Trans World Airlines, which lost $1.78 million during the year's first half, compared with a profit of $7.62 mil lion in the same period last year...
Labor accounts for one of the industry's fastest-growing expenses, as evidenced by the salary increases of roughly 20% that airline pilots have recently been winning. Air-traffic delays, brought on in large measure by the proliferation of scheduled flights, have cost the airlines some $90 million so far this year. But new aircraft purchases are far and away the most expensive item. Under contract, U.S. airlines will take delivery of 451 new jet planes this year, at a cost of $2.6 billion. In all, they have commitments or options to buy $7.6 billion worth of jets...