Word: nonprofitability
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...from alone. In 2004, Americans took almost $400 billion in cash out of their homes in refinancing and home-equity loans, says David Lereah, chief economist for the National Association of Realtors. People ages 45 to 59 are the most likely to refinance, according to Demos, a nonprofit public-policy organization in New York City. Is refinancing so close to retirement a smart financial move...
PEARL had to solve the farmers' credit-financing issues too. Farmers can't wait six to nine months between harvest and payment. So PEARL partnered with EcoLogic Finance, a Cambridge, Mass., nonprofit that loans to businesses in Africa and Latin America, to set up financing for the co-ops, which are too large for micro loans...
Recovery takes time--five to 10 years in most cases--and there are hurdles and frustrations along the way. "But there is life after a base closure," says Tim Ford, executive director of the Association of Defense Communities, a nonprofit organization that has been advising cities and towns facing closings over the past 30 years. Here is how four communities have coped...
...hire a pro to off your ex. Stephen King, who needs a name for a woman he kills in his next novel, will join 15 other authors on eBay next month to auction the right to christen a character in their upcoming books. The money will go to a nonprofit that defends freedom of information and expression, but several writers have placed restrictions on winning bids. Pulitzer prizewinner Michael Chabon won't use a name he finds "mischievous" or "offensive." Lemony Snicket warns that his top bidder's entry may get "mutilated." And while King is creepily demanding a physical...
...four grown children. Her first position came about by chance, after she wandered into something called the P.E.O. Chapter House in Cheyenne Canyon, near Colorado Springs. "I was curious about it," she says, "and discovered it was a retirement home for older members of the Philanthropic Educational Organization, a nonprofit devoted to promoting higher education for women." Though a small staff took care of the grounds and meals, the house manager was looking for someone to live on-site. Hanks signed on, and for the next three years, she lived in her own small cottage, created special events...