Word: profit
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...justification for building bigger locks is simple: time is money. Supporters, including farmers and such commodity heavyweights as Archer Daniels Midland, Cargill and ConAgra, say the time saved on a trip down the river could generate an extra nickel or dime of profit on every $2 bushel of corn floating down the Mississippi. "I produce about 100,000 bushels of grain a year, and 5[cents] on each one is a pretty good chunk of change that goes straight to my bottom line," says Gregory Guenther of Belleville, Ill. The river, 22 miles from his 1,000-acre farm...
...competition can force efficiency on the laggard ways of government. Well, that was the way it was supposed to go for Louisiana's juvenile-prison system. But it didn't work out, and now even some Republicans, the champions of privatization, are backing away from the idea. "The profit motive works well in some places," says Republican Governor Mike Foster. "I don't think it works well in prisons...
...your parents own $300,000 of Microsoft stock for which they paid just $25,000 some years ago. If they sell while they're alive, they'll get hit with a cap-gains tax totaling $55,000 on their profit of $275,000. If they hold until death, though, their heirs will get the stock at the stepped-up basis of $300,000. They could turn around and sell, and owe no cap-gains tax. This money saver is an overriding motivator for many parents who choose not to sell, possibly forgoing a better end of their life. Under...
...earnings - those silly numbers that didn't matter anymore in the dot-economy, matter again. This was a week in which more than 32 companies said they would fall short of Wall Street profit forecasts, and with the heart of earnings-announcement season just a few weeks away, the markets found themselves in a pessimistic mood. Investors now have the better part of four days to ask themselves the big questions: Will the news be as bad as we fear? Did Greenspan go too far, and kill our corporate good times? How do I keep my tan from peeling? Tune...
...call option for about $600 that gives you the right to buy 100 shares of Oracle in mid-July at $85 a share. Oracle is now trading at about $81. Say the stock soars to $91, a full 6 points above the strike price. The gambler's profit is $600, or double his investment. Had he bought the stock instead of the option, his $600 would have fetched only seven shares, and the rise to $91 would have netted just...