Word: profitably
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Dates: during 1970-1979
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...housing project, let alone one as ambitious as this one. It was only through Harvard's expertise that the residents managed to secure a $40-million mortgage from the Massachusetts Housing Finance Agency, the largest home loan that the MHFA has ever offered. But because the project was profit-making (274 of 774 units were to be rented at the market rate), MHFA could go only 90 per cent of the project's cost. So the University bailed out the housing project by contacting banking connections unavailable to RTH, and put its credit on the line to secure an equity...
...profit motive was plentifully in evidence at Conrad Hilton convention headquarters, where hucksters did a brisk business in Star Trek artifacts from space suit emblems to books (Bantam and Ballantine together have printed more than 6 million Star Trek paperbacks) to a $5 kit containing a dozen scale blueprints of the Enterprise. There were photographs for sale of Skipper Kirk, played by William Shatner, and First Officer Mr. Spock (Leonard Nimoy), a pointy-eared half human, half Vulcanite who has become a cult unto himself. Many of the new Spock generation attending the convention wore plastic ears like their hero...
Some of the biggest profits gains came in the machinery industry-up 25% from the first quarter, largely as a result of heavier demand for coal-mining and farm equipment. Food processing enjoyed a 33% rise, mainly because lower costs for sugar, wheat and shortening fattened profit margins. Another pleasant surprise: General Motors reported net income up more than 400% above the first quarter, and 8.8% ahead of a year ago, on the strength of a long-awaited pickup in its car sales. American Motors also showed a healthy increase: net income rose to $10.1 million, v. a $47.8 million...
...Solid Profits. The figures are not quite as bleak as they look. Last year profits of many companies were swollen by inflation, which raised the prices of goods the companies held in bulging inventories. During 1975, these artificial profits have largely disappeared: companies have drastically reduced their inventories, and the prices of merchandise remaining in stock are rising less rapidly. During the second quarter, Citibank calculates, less than 10% of all corporate pretax profits were traceable to rising inventory values, v. nearly 33% during the same three months of 1974. Inventory values, the bank's economists believe, should continue...
...tank. Small and some not so small regional brewers are constantly going under or at best being bought out by healthier competitors. Main reason: they cannot stand the competition of the Big Five: Anheuser-Busch, Jos. Schlitz, Pabst, Coors and Miller. The rivalry keeps industry prices and profit margins so low (3.8% of sales for Anheuser-Busch) that only the best-managed companies can survive. As a result, the five have increased their share of total barrelage from 55.5% in 1972 to 63.6% last year. But life is not altogether placid for them either; they are locked in a fierce...