Word: pretax
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...Department of Housing and Urban Development estimates that in 1970 half the people in the U.S. could have afforded to buy a median-priced new house -then $23,400-by the normal credit rule that they spend no more than 25% of their pretax income on mortgage payments...
...Angeles, $700, vs. $400. "It's a closet," sighs Olga Flores, a Houston social worker, of her $350-a-month one-bedroom apartment, which she found only after a long search. The old rule that renters spend no more than a quarter of their pretax income on rent went out with the Edsel. Explains Marc Lewis, a part owner of Manhattan's Gardner Realty: "They come looking for a one-bedroom and end up taking a studio...
...already delivered 281, received firm orders for 49, and taken options-which buyers could still cancel-for 50. Last year the Douglas commercial-plane side, which McDonnell had acquired in 1967, lost $60.3 million, mainly because of unrecovered DC-10 costs. This was more than offset by the pretax profit of $281 million earned by other departments, primarily the McDonnell military division, which makes the F-4 Phantom, F-15 Eagle and F-18A Hornet fighters...
...been a prodigious profit cow for RCA in recent years, regularly furnishing about one-quarter of pretax earnings and in 1975 supplying 31%. But the milk was growing watery. By the end of 1978, NBC's pretax profit contribution dropped to 17.6%, less than two other RCA divisions. So Griffiths-"Bottom Line Ed," as he is known at RCA-went out and hired "the man with the golden gut," Fred Silverman...
...Charlie's Angels or a Mork and Mindy. With a smasheroo to help pull up other shows, and with the Moscow Olympics to build on in 1980, NBC could be right back in the thick of things in 18 months. ABC did it in 1976, and its pretax profits' vault would make even "Bottom Line Ed" proud: from $17 million in 1975 to $110 million...