Word: profitability
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Dates: during 1970-1979
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...divorces and a bankruptcy by age 21 and finally opened eight "Hustler" go-go bars around Ohio. He started Hustler, the most vulgar of the leading sex magazines, as a newsletter for his bars, and pushed it in four years to a circulation of almost 2 million, with a profit last year of some $13 million. In recent months he branched out into newspaper publishing, buying the Los Angeles Free Press, the Atlanta Gazette and the Plains Monitor in Carter's home town...
...restaurants. Operating expenses for food retailers have been rising particularly fast. One major chain, Supermarkets General (Pathmark), expects labor, energy and tax outlays to swell about 10% each. Yet supermarket managers complain that competition is so keen they cannot raise prices fast enough to ease the pinch on profit margins...
...computer will select for audit at least 5 million tax returns this year, but the agency lacks the money and manpower to scrutinize all of these. So, as any business would, the IRS concentrates on the 2 million or so returns that seem to offer the greatest potential for "profit." To start, it listens to informers, and if their tips prove to be accurate, can reward them with up to 10% of the extra taxes seized. "Thousands of tips are received every year, and quite a few are generated by a get-even motive," says IRS Spokesman Wilson Fadely. Jilted...
MANY COLLEGES around the country are being forced by student concern to confront the issue of investments in firms operating in South Africa. Protests, teach-ins, demands for divestiture of stock in these companies and national media attention all arise from tension between administrative profit-oriented stock decisions and student demands for strong action against firms helping support apartheid. Often the debate focuses on the possible benefits of U.S. corporations remaining in South Africa and pursuing progressive racial policies under apartheid. Other questions that loom large in the student-administration "dialogue" concern the role of U.S. banks in financing apartheid...
...outset, it is questionable that any incentives will significantly increase exploration for gas. There are no provisions in the bill requiring that the profits made from the looser definition of "new gas" be reinvested in exploration. And also, these corporations, making enormous profits now, and more in the future, have little need for incentives. In 1976 they made $9.2 billion in profit, a 93-per-cent improvement over 1972, and they achieved an average return on their investments of 14.6 per cent--substantially higher than most other industries. Carter's question was again to the point: "Who will profit from...