Word: profitable
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Dates: during 1980-1989
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...Eastern and TWA-Ozark mergers, everyone from chief executives to flight attendants was wondering nervously just how much those megadeals would shake up the industry. The already fierce competition in the skies is sure to become even more cutthroat. Many airlines may find it increasingly hard to turn a profit, and union members will face new threats to their high salaries. But air travelers, faced with the prospect of more and bigger fare bargains, stand to come out ahead...
...amoral revolving-door world of Washington, it has become just as respectable to lobby as to be lobbied. Ronald Reagan may have come to Washington to pare down the size of the Federal Government, but many of his former top aides have quit to profit off Big Government as influence peddlers. None has been more successful more swiftly than Reagan's former deputy chief of staff Michael Deaver, who may multiply his White House income sixfold in his first year out of government by offering the nebulous blend of access, influence and advice that has become so valued in Washington...
...difficult to identify the real beneficiaries. One transition rule, for instance, waives the cutbacks on investment tax credits and depreciation for the fiber-optic networks of telecommunications companies that have committed a certain number of dollars for construction by a certain date. It turns out that just two companies profit from the exemption: AT&T and United Telecom...
Kodak, which suffered a 27% profit decline during the first nine months of 1985, blamed product-development costs and foreign competition. Kodak's profits were further hurt by the strength last year of the U.S. dollar, which raised the company's prices overseas...
Five years ago, 18 of 23 franchises confessed to losing money; now 15 to 18 anticipate a profit. Beyond just avoiding the labor strife of football and baseball, the N.B.A. seemed to draw inspiration from both quarrels. Whereas football players struck over a percentage of receipts that never materialized, basketball players are now working for a fixed 53% of the league's gross revenues. Attendance is up 6% over last year's record 10.5 million, and as business has increased, so has the athletes' take. The maximum payroll has compelled sounder salary judgment, and the talk of folding or merging...