Word: profited
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Dates: during 1990-1999
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...market's mind was on Greenspan again Wednesday as a tame inflation number - a 0.3 percent hike in the Consumer Price Index, with just a 0.1 hike in the "core" rate - sparked a 100-point rally that traders promptly sold off for fun and profit. On the Fed watch, TIME senior economics reporter Bernard Baumohl figures today?s number and yesterday?s ?- a mildly alarming boost in retail sales ?- cancel each other out. "My sense from the last meeting was that the Fed was done unless it saw some clear and unambiguous evidence that inflation was on the rise...
Following what is accepted practice for non-profit institutions, Harvard pays Boston what is approximately equal the taxes the school would pay on graduate student housing (which is not technically used for educational purposes) plus an extra voluntary payment related to new construction at the Business School...
There's no exact formula for determining the amount each non-profit must pay, but generally the costs cover city services like police and snow removal that the institution benefits from...
...sense of a saturated market, take in a show in Ontario, Calif., where rivals AMC and Edwards Theatres have set up megaplexes with a combined 52 screens practically across the street from each other. While both theaters claim to make a profit, neither is happy. Apparently, though, the rest of the industry hasn't learned its lesson: developers in Chicago are building two neighboring theaters in a similar face-off. Says Jeff Blake, president of worldwide distribution at Columbia Pictures: "Building screens at $1 million each and closing theaters that aren't fully amortized has to hurt...
LEMON WATCH Donating your clunker to charity? Beware of ads promising "full Blue Book" value deductions regardless of condition; you may be giving your car away to for-profit companies that team up with or pose as charities. Red flags include handing the car over to someone with no visible ties to the charity, i.e., Joe's Wrecker Service, or being asked to leave the new title blank. Check the group's tax-exempt status on www.irs.ustreas.gov and get a receipt. The IRS is also nailing those who overstate the value of their cars, so keep a photo or mileage...