Word: middlemen
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...United Way has directed much of its contributions to victims' assistance groups and other middlemen, to whom it has so far handed $6 million. The charity says it is forgoing its usual 13% from donations to cover administrative costs. One grant recipient, Safe Horizon, laid out $700,000 last week helping people like an elderly New York couple who by government standards did not qualify as dependents of their missing daughter but could not make an Oct. 1 mortgage payment without her help. Meanwhile, the United Way is developing a strategy to meet such long-term needs as job training...
...village, seeks its wisdom every week. He rides his motorcycle along 8 km of bumpy paths until he comes to a simple PC housed in a kiosk. He doesn't surf, but looks up the price of garlic in the wholesale markets of nearby towns to make sure area middlemen aren't shortchanging him. The difference can be more than $4.25 on 100 kg of garlic, and Verma has 9,000 kg ready to harvest. "The traders," he says, "are unhappy about the computer...
...course, Orbitz won't be charging those fees to the airlines that run it, and the presence of the airlines' own individual bookings sites have already pushed the web middlemen to more profitable - but less popular - services like hotel reservations and car rentals. How long till the airlines start getting in on that act too is anybody's guess. But with fees disappearing and inside player Orbitz set to move in with pricing that's almost sure to be predatory, a likelier question could be whether Expedia's first quarterly profit is the beginning of a very short...
...OXFAM helps these farmers form cooperatives so that they can invest in trucks, plants and have bargaining power when they're dealing with trade merchants. The coffee growers can therefore cut the middlemen, known as coyotes in South America, out of the process...
Zhang Weifang used to study the three Rs: reading, 'riting and rigging gunpowder canisters with flash fuses. Sitting at their desks in the Fanglin village school, she and her classmates each made 20 firecrackers per day that her teachers sold to middlemen who sold them to factories. "Sometimes the teachers beat us with a wooden plank," Zhang says. "Making fireworks is hard." It's also hazardous, especially when the workers are children who shouldn't be playing with fireworks, much less manufacturing them. Last week an explosion ripped apart Zhang's school in Jiangxi province, killing more than 40 students...