Word: nonprofit
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...recent years Cousteau has put himself more and more at the service of science. He resigned from the navy in 1956 with the rank of capitaine des corvettes, now sits at the center of a bewildering web of profitmaking, nonprofit and governmental enterprises. He is director of Monaco's first-rate Museum of Oceanography, founded in 1910 by Prince Albert I of Monaco, the great-grandfather of Free Diver Prince Rainier. Cousteau is also head of France's Underwater Research Center. He is backed in part by the French government, and in part by Washington...
...shrewd trading (TIME, April 6), his flourishing empire is worth about $175 million, includes 14 newspapers, five TV and three radio stations, Street & Smith Publications Inc. and Condé Nast Publications Inc. (Vogue, House & Garden, Glamour). To keep it flourishing, the empire at his death will go into a nonprofit educational trust, the Newhouse Foundation; the business will be run by his two sons, S.I. Jr., 32, and Don, 30. This week the first fruit of the plan dropped on Syracuse University: $2,000,000 for an imaginative expansion of the university's journalism school, to be known...
...city of Philadelphia tried to solve its problem in a different way. In effect, it took over operation of the Pennsylvania and Reading railroads' commuter lines in the city by setting up a nonprofit corporation to run the lines. The city will control the corporation with eleven directors, give two directors to the railroads, two more to 23 labor unions whose members work on the roads. The corporation will set all schedules, collect all revenues, pay the roads for the use of their facilities at a guaranteed rate of $1,400,000 for the first year. It will...
Carefully avoiding any suggestion that his suggested nonprofit network should be Government controlled, Lippmann argued that its virtue would be its freedom to produce "not what will be most popular, but what is good." TV violence, degeneracy and crime, said he, would be replaced by "effective news reporting, good art and civilized entertainment...
...means rich, polite Bachelor Richard Kao, 30, is a sort of industrial scholar. He has a Ph.D. in economics (University of Illinois) and another under way in mathematics at U.C.L.A. An alumnus of Santa Monica's famed nonprofit Rand Corp., he now works for a similar "think palace," the Planning Research Corp. in Los Angeles. To a man of Kao's training, Newsboy Abdel's quick mind was obvious. "His goal is good," mused Kao. "He wants to be an educated...