Word: profit
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...Because make no mistake, the airline industry - saddled with high labor costs, low profit margins, and nose-deep in debt from a continuous price war over routes and market share - was in a tailspin long before the towers fell. Some carriers were already sliding into bankruptcy, and with the rest trying to buy the routes of the ones that were failing, consolidation was already coming as fast as regulators would let it. The post-Sept. 11 edge-of-the-table descent to an 80-percent-tops-capacity industry - one in which costs only fall to 90 percent, thanks to union...
Emily Lloyd, Columbia’s executive vice president for administration, said that like Harvard, Columbia is expanding and encountering the space crunch of a crowded city. Renzulli described a wide spectrum of community activists, borough presidents, non-profit organizations and neighborhood groups that Stone dealt with in the course...
...anymore, not in New York's new normal. People just accept what happens now: We're alive, others are not, we have no right to complain. There's no profit in impatience. Broken trains and cold dinners are trivial matters, and we finally know it. One man turned to his wife on the new train and said quietly, "We should call Myra, tell her we'll be late." That...
...restructuring its internal life so that all social practices, corporations and institutions were being judged not only on whether they maximized profit but also to the extent that they maximized love and caring, sensitivity and an approach to the universe based on awe and wonder at the grandeur of creation. Imagine a new Social Responsibility Amendment to the U.S. Constitution that would make a corporation's ability to operate in the U.S. dependent on its ability to prove a history of social responsibility both in the U.S. and around the world...
...take too much comfort from these new measures. They won't necessarily fix what an industry expert calls the "dirty little secret of aviation." At its root is an inherent conflict of interest: profit-driven airlines are largely responsible for screening passengers. The more money and time they spend in that process, the less efficient and profitable they become. It's not that they strive to be lax, but security isn't their business. Last Thursday a Northwest Airlines flight crew in Phoenix, Ariz., deliberately got through security carrying a pocketknife and corkscrew, just to show how weak the system...