Word: profitably
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Dates: during 1980-1989
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...took four years, but the glittering Grand Hyatt Hotel that opened in 1980 established Trump as a man who could get things done. It also brings in, he says happily, an annual profit of $30 million. Most of Trump's other projects are essentially more of the same -- more bargaining, more building, more bucks...
Sometimes Trump shows an absolute genius for combining profits with publicity and doing good deeds in the process. Consider the Wollman ice- skating rink in Central Park, which city authorities had closed down in 1980 for a $9 million refurbishing. Somehow they managed to spend $12 million on preliminary maneuvering without anything whatever to show for it. Looking down at the mess from his skyscraper windows, Trump was displeased. Offering to do the job himself on the original budget within three months, he completed it for $750,000 less -- and now operates the rink at an annual profit...
...several weeks during key growth stages. By eliminating as many as 21 days of feeding time before the animals reach the target weight of about 1,000 lbs., the hormone treatments (cost per implant: about $1) save the cattlemen approximately $20 per head, which can be the difference between profit and loss. Producers maintain that the hormones not only help keep U.S. beef prices down but also turn out the leaner meat preferred by consumers nowadays...
...well, but most high school students have no idea. So says a survey released last week by the New York-based Joint Council on Economic Education, which found that only one out of three high school students in its 41-state poll could define such basic concepts as profit and the law of supply and demand. The 8,205 eleventh- and twelfth-graders who took the 40-minute multiple-choice test correctly answered less than 40% of the 46 questions. Declared William Walstad, a co-author of the study: "Our schools are producing a nation of economic illiterates...
Even so, pent-up public enthusiasm for a new American musical of any kind was so great that despite bad word of mouth, some 90,000 customers came during previews, most paying the full price of $50. Says Rubin: "We made a profit during previews." The show built up advance sales as high as $10 million; they still stood at more than $3 million after opening. The day after the barrage of punishing reviews appeared, the box office sold almost $40,000 worth of tickets...