Word: profitably
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...lots of beautiful, must-have cars. Despite a booming truck business and recent gains in market share against its troubled crosstown rivals Ford and Chrysler, GM still lumbers under the burdens borne by all the Big Three: in a stagnant economy, overcapacity and intractable labor costs have obliterated profit margins. Meanwhile, the soaring value of the dollar against the yen is giving Detroit's Japanese competitors an even bigger advantage than they already have through more efficient operations. Says Morgan Stanley analyst Stephen Girsky: "When foreign manufacturers have 38% of the market, being the best of the Big Three...
...future still looks bright. Globalization and competition continue to keep prices (and profit margins) low, and while that means layoffs now, as soon as demand picks up and companies stabilize their cash flow, they will be driven to make another (if more modest) round of those productivity-enhancing investments in high technology that made the '90s so wonderful. And new, better technology "will present ample opportunities...
That approach could have a great impact on relations with Harvard, itself an $18.3 billion non-profit educational institution...
...main focus of Menino’s speech was seeking partnerships and funding from non-profit and educational institutions as a way to fund new programs in the face of tighter city budgets...
...exempt non-profit institutions, such as universities and hospitals, own 51 percent of Boston real estate, significantly shrinking the city’s tax base. Harvard now owns more property in Boston than it does in Cambridge, even without including Harvard’s many affiliated hospitals and research institutions...