Word: profit
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Dates: during 1980-1989
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...last real blockbuster, La Cage aux Folles, opened in August 1983. The lone musical survivor of the 1984-85 season, Big River, is still paying back its investors. Of this season's first nine musicals, five have closed, and only The Mystery of Edwin Drood consistently shows a modest profit. So perhaps the most eagerly awaited event of the Broadway year was last week's Big Deal, a splashy, sassy, streetwise show from Bob Fosse. As choreographer or director, Fosse, 58, staged ten consecutive hits, from 1955's Pajama Game to 1978's Dancin'. Since Gower Champion's death...
...concern is that low prices have erased the profit margins of many U.S. producers, forcing them to shut down their wells. While Persian Gulf countries can pump oil for less than $5 per bbl., many U.S. wells cost $12 or more per bbl. to operate because much of the easily accessible crude has already been tapped. Some oil analysts believe that one goal of the Saudi price-war strategy is to bankrupt many of these high-cost producers, wipe out the glut and then boost prices once again when the competition is gone. Most forecasters think that oil prices below...
Just like the Los Angeles Olympic Organizing Committee, the class marshals struggle to figure out how to disburse the unexpected $50 million profit. The H-R Parents' Association--which claims that it made the day possible in the first place--threatens to take the class marshals to court unless they turn over $357,500 per mommy and daddy. But then the Undergraduate Council passes a motion impounding the $50 million for construction of a 37-story headquarters in Boston's financial district, complete with new furniture and a 60-foot, all-gold Big Finger statue in front...
However, the symposium's moderator, Cathleen Kelley, said the non-profit banking system will not solve the crisis. "If nothing is done [to allieviate the farming situation], it will destroy whole communities in North Dakota," she said...
...good to have the facts in order to refute those who feel universities are a drain on local economies," Harvard Financial Vice President Thomas O'Brien said. Private universities, including Harvard, often draw criticism from town governments because as non-profit institutions they are exempt from property taxes...