Word: profit
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...work; its most advanced expression is in Hungary. Communist Party Chief Janos Kadar, who demonstrated his fealty to Moscow during the 1956 uprising, in 1968 launched the East bloc's most successful economic reforms. He began to decentralize the economic system, introducing some free-market management methods and profit incentives. Later, the state allowed private ownership for some small and middle-size businesses. In effect, Kadar entered into an unwritten contract with the Hungarian people, allowing them a measure of freedom in their domestic lives as long as they left politics to the party. Today shop windows in Budapest...
...great deal. Malcolm spends much time in the vast third of Canada that few Canadians ever visit: the huge, deserted Northwest Territories, an area larger than India that supports fewer people than can fit comfortably into Yankee Stadium. Everywhere, he finds an ingenious effort to utilize geography for profit. He has a fine appreciation for the weight of that harsh immensity on the Canadian psyche, so different from the buoyancy imparted to Americans by their frontier. Along the southern strip, where most Canadians live, Malcolm discovers a culture of impressive accomplishment. He cites litanies of artistic, theatrical and literary figures...
...sorry state of the musical has a lot to do with money; new productions frequently cost $2 million or more to rehearse and mount. Even hits can take up to a year to start showing any profit. The financial pressures have all but squeezed out the modestly worthy, mildly popular, moderately profitable shows that used to be the theater's mainstay. Instead, producers look exclusively for blockbusters...
Among the 18 documents is additional corporate correspondence that could question Ball's claim of innocence. A memo dated May 12, 1981, praised one branch manager who earned $30,000 a month in interest through check overdrafting. That profit fell to $10,000 a month when the branch changed cashiers. In June 1981, Ball wrote a covering note to the memo, addressed to regional offices. He noted tersely: "A point well worth remembering, and acting...
True enough, but it is difficult for an industry to exist when some of the owners are in it for fun and games and do not worry too much about making a profit. Admits Corey Busch, executive vice president of the ailing San Francisco Giants: "There's a breaking point coming. Baseball has to be run more as a business." The danger is that the executive boys of summer, with their checkbook recruiting and creative accounting, will make it impossible for professional sports to operate in the black. --By Charles P. Alexander. Reported by Thomas McCarroll/New York, with other bureaus