Word: draining
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...these promotions justify the cost? At Denny's, doesn't giving away high-margin breakfast meals drain the bottom line? No, says CEO Marchioli. The additional customers buying juice and coffee with their free breakfasts, plus the repeat business the giveaways generate, cover the cost. "We've already paid for the Super Bowl promotion, and then some," Marchioli said on April 8, the day of the two-for-one offer. "And today is a profit-making exercise. For giving it away, do I make less margin? Yes. But I drive new traffic. And in this economy, particularly for Denny...
...paid on Social Security benefits, the system will still manage to provide a slight surplus for federal coffers in fiscal 2009. But from 2010 through 2012, there are small projected deficits, and after heading back into the black from 2013 to 2015, the program will then become a growing drain on federal finances, projects...
...rapidly,” forcing Harvard to meet large collateral requirements.The report added that since the decline came in the fair value of the portfolio, or the amount that Harvard would gain by terminating the swaps (or lose, in the case of a negative value), the liquidity drain could be reversed if rates rise again in the future. As of October, the University would have had to pay $571 million to terminate its interest rate swap portfolio, according to a December report from Standard & Poor’s rating services.The report also cited concerns that the University would be forced...
...Trouble in Ireland Michael Elliot's view that it will take a long time to drain the poison from Northern Ireland is very perceptive [March 23]. The latest outbreak of IRA violence is like a recurring tumor, the cause of which is a pernicious cancer in the Nationalist body politic, namely: our fixation with a "united Ireland." As long as we succumb to our animal territorial instinct and harbour this futile dream, every generation will produce some young hotheads prepared to use violence to achieve it. Of course, like Gerry Adams and Martin McGuinness et al, they will come...
...chief financial officer, the debt was issued “to manage our risk with previously issued variable rate notes [and] to enhance our cash position and our flexibility.” The variable-rate notes had allowed lenders to recall their principal on short notice, which could potentially drain the University’s cash holdings.“We are confident that we issued our debt quite competitively given market conditions at the time,” Shore said.But the Forbes story suggested that Harvard’s liquidity position was more precarious than Shore...