Word: profitable
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Dates: during 1980-1989
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With nearly $600 million of debt outstanding, Harvard ranks as the all-time college leader in issuing bonds. University officials freely admit that Harvard earns windfall profits by investing revenues from their bond sales. They also concede that selling tax-free bonds to pay for the profit earning Medical Area Total Energy Plant may not be totally ethical. But here again the university has broken no law, but rather simply followed the leads of other schools; in fact, Harvard has been relatively slow to exploit the bond market in comparison to ther colleges...
Some areas might actually profit from the shifts. The Northeast, for example, could get a more benign climate, not unlike Florida's. Canada's growing season might lengthen, and some deserts would begin to bloom. In addition, the extra CO2 might increase the rate of photosynthesis, encouraging more vigorous plant growth. The reports also pointed out that effects could be mitigated by tactics like switching to crops more suitable for the new conditions...
...Oilman T. Boone Pickens Jr., 55, enjoys more than swooping down on vulnerable companies and giving their managers the willies. During the past 16 months, Pickens has earned $105.7 million for his company, Mesa Petroleum, by buying up large amounts of undervalued stocks and selling them at a handsome profit, sometimes back to the company whose stock he bought. Early this year, for example, he bought a large stake in Superior Oil, then in September sold it back to Superior for a $31.8 million profit...
Analysts believe, though, that Pickens will wind up selling his stock back to Gulf at a profit, and that all the fuss will serve mainly to stir up Gulf's corporate waters...
...grill serves as many as 150 people on a typical night, according to Kurt C. Schluntz '84, one of the three managers selected by the house committee to run it on a non-profit basis. The threesome hires about 20 additional workers...