Word: profitable
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Dates: during 1980-1989
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...being held in Harvard Yard. Harvard's Institute for Conservation Archaeology. (ICA) in the Peabody Museum will quietly be preparing to close its doors--following closely the demise of Brown University's archaeology lab last year. Both labs found themselves subject to the same common denominator: the projected profit margin...
...cultural resource management projects do not generate huge government or foundation grants, a marginal program such as contract archaeology is easy to cut. Brown closed it Public Archaeology Laboratory (PAL) when the lab could no longer generate enough big-budget contracts to cover staff salaries and make a tidy profit for the university. Harvard is following suit with the ICA, despite its lower overhead. As an ICA staff member is reported to have said. "There's no good reason [to close the ICA], other than lack of interest from Harvard...
Evidently scholarship is supposed to turn a profit. Granted, universities must be cognizant of their fiscal responsibilities. Yet a university is historically and ideally a preserve for generating and protecting knowledge for its own sake. A university cannot be overly concerned with the balance sheet if it is to meet its other obligations as an institution of higher learning which provides facilities for teaching and research...
Regional archaeologists are not likely to see the heyday that was the mid 1970s again. Those who, hopefully will remain committed to research in eastern New England most likely will do so as private individuals or in the guise of not for profit corporations, lacking the resources and supposed stature of the academy. Other institutions, and perhaps even private sector "scavengers, will attempt to fill the void but in the meantime sites will be ignored or destroyed. The field of contract archaeology, having lost two of its anchors in the region is suffering boom and bust phases just like cycles...
...others too, including Star Trek II and E.T. The company spends about $3 million a year on research and development of things like better sound systems for movie theaters, and it is pioneering the art of film far more than any of the Hollywood studios. Even after generous profit deals for his stars and associates (Mark Hamill, for instance, will receive 1.5% of the profits of Return of the Jedi), Lucas has kept enough for himself, roughly $20 million, to provide the ordinary domestic comforts...