Word: profitable
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Dates: during 1980-1989
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Lawyers for Shelter Inc., a Cambridge-based non-profit group which runs shelters in the Boston area, is preparing a new law which would effectively allow the organization to build a shelter in Central Square while limiting all other such facilities...
...dance-theater program designed to bring about 25 undergraduates into the Cambridge public school system to teach the performing arts, CityStep received $3500 of its $20,000-budget from the endowment. Because non-profit programs like CityStep are always in need of funds, she says, a few dollars added here and there "is the difference between crippling us and putting us on our feet...
...slashed revenues while labor costs had got out of control. The carrier's pilots now , make an average of $112,535 a year, almost twice what Texas Air skippers receive. Eastern has slipped repeatedly into the red, and its comebacks never seem to last. After managing a $73 million profit for the first nine months of last year, the airline lost $67 million in the final quarter. Many employees fault Borman, the former Apollo astronaut who became chairman in 1976; they feel that he has never earned his wings as a successful business executive...
Fare battles will put new strain on an already beleaguered industry. The twelve major U.S. airlines suffered operating losses of $158 million during the final quarter of 1985, compared with a profit of $347 million during the last three months...
...books that the loans were solid ones, but it led to endlessly increasing debts for the borrowers. If banks hope to collect on those loans someday, they may have to accept the idea of giving the borrowers a break on interest rates, even though it will eat into their profit margins...