Word: profitable
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Dates: during 1960-1960
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...CARLYLE MARNEY, 44, fiery minister of the Charlotte (N.C.) Myers Park Baptist Church, practices open Communion and has fought segregation for years. He tells businessmen that "the profit motive is ethically bankrupt." A staunch believer in church-state separation, he wants religious teaching banned from all schools, nevertheless dubs religious opposition to Kennedy "prejudice," and slaps Baptist extremists as "Holy Roller Catholics who are creating an emotional authoritarianism which is far more rigid than Roman Catholicism...
...plaintiff will base his right to sue Harvard on the ground that the Health service is a profit-making activity of the University, with its fee separate from tuition charges, a Boston newspaper has reported. An educational institution is normally subject to suit in Massachusetts...
...plaintiff will contend, the paper said, that the School's health service is a profit-making activity of the University, with its costs separate from tuition charges. Because this voluntary health plan is not part of the school's required fee, it is a separate organization and can therefore be sued, the plaintiff reportedly will argue...
Last week in a historic decision, FPC set up a new standard for rates. Previously it had set natural-gas rates on the basis of company costs, permitted a certain percentage of profit above them. Henceforth, natural-gas rates will be set on an area basis, with one maximum price for all producers. FPC published its first tables of maximum allowable gas rates in 23 geographical areas, explained that even if its staff were tripled it would take until A.D. 2043 to catch up with the backlog of rate requests under the old company-by-company time-consuming cost analysis...
...Phillips, whose decision has been pending before the FPC for twelve years the agency used its old yardstick of costs for the last time. It awarded Phillips rate increases totaling $5,700,000 a year, based on an 11% profit-over-cost return; Phillips had requested an 18% return...