Word: for-profit
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...celebrated the completion of the state-of-the-art private jail capable of holding 464 inmates. Convinced that it would provide steady employment for over 100 locals, as well as accompanying economic benefits, the residents financed it through the sale of revenue bonds and turned it over to a for-profit prison-management corporation. On a 40-acre field at the edge of town where pronghorn antelope once grazed, they built it. But nobody came...
...says SLAM member Remeike J.B. Forbes ’11. “It’s kind of peculiar to see Harvard as analogous to GM, because Harvard is a nonprofit institution. When GM lays off workers they also decrease in production as well. Harvard is not a for-profit institution, its purpose is to serve a public good.” According to Taj E. Tucker ’12, a protester at SLAM’s recent rally, “We have too many luxuries here to be cutting down on peoples livelihoods. There are other...
...view, is the way the Obama Administration treats Fannie and Freddie as part of the federal government. James Lockhart, the director of their new overseer, the Federal Housing Finance Agency, has said they are to act as an "arm" of the Treasury Department - even though they are still, technically, for-profit, publicly traded companies. From a moratorium on foreclosures to a program to purchase and guarantee home loans for more than what the houses are worth, the agencies have taken steps that are greatly influenced by the goals of policy makers, however justified. (See pictures of the global financial crisis...
...feel very strongly that for-profit residential facilities are completely inappropriate for special education. They have been shown to be ineffective and commonly employ practices that do harm," says Alison Barkoff, senior staff attorney at the Bazelon Center for Mental Health...
Haig's warnings may apply to for-profit medical insurance and hospitals, but there are alternatives. In my HMO, Kaiser Permanente, medical decisions are made by doctors. Medical records have been online for years. Copays are low, and there are no cutoffs for the cost of surgery, hospitalization or other care. Prescription drugs are covered. And premiums are lower than those of for-profit plans. If Barack Obama's health-coverage plan is modeled on one like mine, then everybody can win. Phil Bond, ELK GROVE, CALIF...