Word: profitable
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Dates: during 1980-1989
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...campus to take advantage of lucrative tax deductions based largely on property depreciation that are not available to the college. The scheme is believed to be the first of its kind in the nation, although the form of financing known as leveraged lease--is common among non-profit institutions...
...Cambridge-based, non-profit training and counseling service for unemployed ex-convicts. IOU offers its clients--all on probation or recently released after sentences for minor offenses--an eight-week employment training program which includes sessions on interview preparation and role playing through stressful situations they might encounter...
...16th time in 16 years, Boston City Councilor Albert L. O'Neil last week proposed that the state legislature remove the property-tax exemption privileges which non-profit institutions, such as Harvard enjoy...
...countryside, farmers now sign contracts with a commune unit for a fixed quantity of produce to be sold to the state at the official price. Anything over the agreed-upon volume may be sold privately on the free market, and the farmer keeps the profit. Says a Western diplomat in Peking: "To all intents and purposes, collectivization is being abandoned...
...bankers, the greatest danger is that a surge in the cost of money used to fund credit-card loans will wipe out profit margins. That happened in 1981, when banks were paying close to 18% for money, and retailers sometimes more than 20%. At the time, usury laws in nearly half the states set credit-card interest ceilings of 12% for balances of more than a few hundred dollars. Partly for that reason, Sears, Roebuck lost $83 million on its credit-card sales in 1981, while the Carter Hawley Hale chain of department stores dropped $74 million...