Word: profitable
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Dates: during 1980-1989
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Part of that expansion was made possible through the religious upheaval known as the Protestant Reformation, which replaced the Catholic Church's traditional ban on usury and profit with the idea that acquisition, accumulation and reinvestment warmed the cockles of God's heart, a doctrine ready-made for the new capitalist class. As that expansion grinds to a halt...
...know that we at least broke even and we might have made some profit. We still don't know the exact amount," Leslie A. Cornfeld '81, chairman of the Assembly, said yesterday. Proceeds from the concert will go to the American Cancer Society...
...planning. His suppliers have slowed their deliveries, and customers have stretched out their payments. The bank charges him 24% on loans to maintain his inventories. Since oilmen buy his control consoles, the energy boom has put Ozuna in better shape than most entrepreneurs to endure the recession, but his profit margin has plunged from 12% of sales in 1978 to 4% during the past six months...
...Sears shoppers wanted to maximize cash, not cachet. When the upgrading effort flopped badly, Sears switched directions and tried to recoup by launching a price-cutting drive. Sales rose 15% in 1977, but market shares slumped and profit margins dropped. Last year Sears again shifted tactics by cutting down promotions and long-running sales to rebuild earnings. But that also failed, and sales declined 2.3%. Sears was developing an acute case of corporate schizophrenia. Says Morgan, Stanley Analyst Walter Loeb: "There is a certain sexiness about Penney's, a certain chauvinist budget-orientation about K mart. But Sears...
...profit system is Commoner's most frequent target, along with the giant corporations which he believes dominate critical decision-making. "All the problems of this country can be traced to the fact that decisions vital to the national interest are made by corporations who are interested only in maximizing profits," he claims, adding, "They don't give a hoot about the national interest...