Word: nonprofitability
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...higher yields of BABs have made muni bonds more attractive to pension funds and other nonprofit (i.e., tax-free) investors. And that new demand is driving down the yields on traditional muni bonds because there are relatively fewer of them issued. BABs, unlike traditional munis, are taxable. For most individual investors, the interest-rate difference is a wash - a high net worth investor would owe the extra yield they get from the BAB back in taxes, so they'd wind up with roughly the same after-tax yield as if they had bought a lower-yielding tax-free muni...
...excursions are designed to connect tourists with the communities they visit. "When done correctly, these programs can also help maintain the natural environments that are the draw for particular regions of the world," says Kara Hurst, a top executive at Business for Social Responsibility, a nonprofit that develops corporate-social-responsibility initiatives...
...bill circulating on Capitol Hill. Another new piece of legislation quietly making its way to President Obama's desk is the Travel Promotion Act (TPA) - it has already been approved by the Senate and is now in front of the House - which would establish the country's first official nonprofit tourism board...
...started falling ill during the Vietnam War. The treatment caught on in Vietnam as a crushed powder, and after the drug reduced the malaria death toll in Vietnam 97% from 1992 to 1997, it was touted as the miracle drug that could save people everywhere from the disease. A nonprofit drugmaker in San Francisco hopes that by 2012, it will help put a synthetic artemisinin on the market at a fraction of the cost of harvesting the wormwood herb...
...unemployed of the arts sector back on their feet and working for a common purpose. Some might argue that financing artists should be low on our priority totem pole. But artists are taxpayers, rent-payers, and consumers—just like everyone else. This country has 100,000 nonprofit arts groups, which employ some six million people and contribute $167 billion to the economy per year. Of course, in the long term we could use more engineers and science teachers, but right now we really need more working Americans exchanging goods and services...