Word: overheads
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...Eglin Air Force base in Florida, where he covered one of the largest peacetime parachute drops in U.S. history. Says he: "It's one thing to read about military hardware in the newspapers and quite another to stand on the runway as a B-52 flies overhead. Up close, it's all tremendously impressive...
Just as the high rates crimp the Government, so too do they squeeze businesses. Customers have less to spend, company overhead goes up and profits disappear. In recent months, that grim pattern has become a fact of life for more and more businesses. The gathering retrenchment is an important reason that practically every major indicator of future economic activity, from orders for machine tools by businesses to the issuance of construction permits for new homes, is now flat or pointing down...
...schools are now expecting salaries from $30,000 to $40,000 a year from large firms in New York, Chicago and Los Angeles. What is more, telephone bills, rents, messenger services, copying equipment and supplies, plus new computerized billing and information systems, can push a law firm's overhead to 60% of its annual income. Attorneys' fees, lawyers argue, have only kept pace with inflation. One result: clients of such firms tend to be those who can pay the price. "It's like going to the doctor," says Alan Petrillo of the New York State Bar Association...
...fighters screamed overhead in tight formation, native horns blasted, and a 1,000-voice choir boomed out Handel's Hallelujah Chorus ("And he shall reign for ever and ever") with no apparent sense of irony. Yet perhaps the greatest source of satisfaction for President Ferdinand Marcos last week as he celebrated his third inauguration in 16 years was that standing on the rostrum with Marcos and his wife Imelda was U.S. Vice President George Bush. After years of friction with Jimmy Carter over human rights, the Marcos regime was in favor again with a U.S. President. Indeed, Bush went...
...been adored as a teen-age wonder, reviled as an unbeatable superstar and written off as a burnt-out case. Through it all, she has borne herself with grace and played impeccably. For the few moments that she stood on Centre Court, the championship salver held high overhead, Wimbledon was able to forget its problems. As well it should in the presence of a queen. -By BJ. Phillips. Reported by Ken Banta/Wimbledon