Word: for-profit
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NetImpact, a California-based health-care company, is applying technology to improve health-care delivery and disease control in Mali, one of the poorest nations in Africa. Earlier this year OnQ Africa B.V., a for-profit company in the Netherlands that invests private and public money in subSaharan health, telecom and education, awarded NetImpact a $125 million contract to install MDS 200, a portable disease-detection device, and NetCare 7.0, a software package that stores and analyzes medical data. MDS 200, which can run on battery or solar power in areas without electricity, instantly screens for viruses like...
Utilities such as electricity are said to be public services. What a farce! Utilities that are owned by for-profit corporations have primary legal responsibility to their investors, not the public. When the supplier of electric power has a monopoly in a given area, there is no competition and no incentive to do better, and government regulation is too easily manipulated. Public services should be owned by the public. RICHARD C. BRAUN Pleasant Hill, Tenn...
...overemphasize how terrifying the whole thing was," says Wade. "But it's an adrenaline boost you don't get every day." In the past three years, some 1,200 lawyers, bankers, judges and other suits - mostly thirty- and fortysomething men - have joined London's The Real Fight Club, a for-profit company founded in 2001 by events promoter Alan Lacey. The white-collar amateurs squeeze in two to four 90-minute training sessions a week - plus cross-training on alternate days - with the ultimate goal of getting into the ring to beat the hell out of each other in front...
...huge market for secondhand clothing overseas, particularly in sub-Saharan Africa, where few can afford to buy new clothes. And it's no secret that nonprofits like the Salvation Army fund their aid programs by selling donated goods to exporters. But USAgain is the first unabashed--albeit vaguely labeled--for-profit firm to establish a nationwide presence in the U.S. The company, based in Elgin, Ill., is teaming up with recycling contractors in cities like St. Paul, Minn., where residents can leave bags of clothing on the curb alongside paper and plastics. But some towns have sent USAgain packing. "This...
...decrease in clothing drop-offs. "But we want people to think as much about their clothing donations as their cash donations," says Goodwill's marketing chief, Dave Barringer. Nonprofits have to report where their money goes. Private companies don't. And potential donors who balk at USAgain's for-profit status may be even less pleased to know that the firm is run by Scandinavians associated with a secular cult whose leaders are on trial in Denmark for tax fraud and embezzlement. No USAgain executives have been accused of any wrongdoing, and Wallander says of the cult, "That has nothing...