Word: profit
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Dates: during 1990-1999
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...business and political conditions in Russia have improved, the company has flourished as a flagship of the new Russian capitalism. Mosenergo stock has shown a steady advance this year; last year's net profit was $548 million, an increase of $19 million. The company's value is still intimately tied to its quasi monopoly of energy production and distribution across the country. Not only is Mosenergo the only electricity supplier to more than 16 million people in the Moscow region, but it furnishes more than 80% of their heat as well. The company owns 21 electric power stations, with...
...founded 44 years ago, Petrobras, Brazil's state-controlled oil company, was a vital symbol of national pride. "The oil is ours" was an oft-repeated slogan. Politicians embraced Petrobras as an indispensable, state-owned bastion against foreign ownership and domination. But now foreigners and locals alike can profit from Petrobras' dominance in one of the emerging world's most dynamic markets...
...past month, Native American reservations in California, including the Barona, Viejas and Sycuan bands in San Diego County, have been required to remove video gaming machines, the high-profile and high-profit instrument of their gambling revolution. As reported in the August 9 San Diego Union-Tribune, the removal comes as the first painful step in a compromise arranged by U.S. Attorney Alan Bersin, who acknowledges that only Governor Pete C. Wilson has the power to negotiate an all-encompassing agreement that can guarantee a role for Indian gaming in California's future...
...repeals a 1986 law which capped at $150 million the amount of tax-exempt bonds non-profit, private institutions could issue. If institutions needed to issue more than that limit, they had to issue taxable bonds-which meant they paid on average an extra 2 percentage points in interest. (Purchasers of taxable bonds must pay income tax on their earnings, hence universities issuing bonds must pay a premium...
Because the cap affected all private, non-profit institutions, an assortment of organizations joined with Harvard to push for the law including the American Red Cross, the Volunteers of America and the American Museum of Natural History...