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Word: nonprofitability (lookup in dictionary) (lookup stats)
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...Roman Catholic religious order, the Clerics of St. Viator, agreed in that same year to allow the Metropolitan Housing Development Corp., a nonprofit real estate developer, to build 20 two-story buildings with 190 apartments for low-and moderate-income families on 15 acres of its property. The village board blocked the deal by refusing to rezone the site for multifamily residences. The M.H.D.C. and three blacks eligible to live in the project sued Arlington Heights on the grounds, among others, that the refusal to rezone was unconstitutional racial discrimination...

Author: /time Magazine | Title: The Law: Intent, Not Impact | 1/24/1977 | See Source »

...most absorbed collaboration was with Billy Klüver, a Swedish laser-research scientist from Bell Telephone Laboratories. In 1966 they started a nonprofit foundation named E.A.T., or Experiments in Art and Technology. Its announced purpose was "to catalyze the inevitable active involvement of industry, technology and the arts." E.A.T. grew out of "Nine Evenings," a series of multimedia happenings held in New York in 1966. Its biggest project...

Author: /time Magazine | Title: The Most Living Artist | 11/29/1976 | See Source »

...into the worst scandal in American history. His book The Right and The Power (Gulf Publishing Co. and Reader's Digest Press; $9.95) is a straightforward, rather dry rendering, often made even drier by lengthy quotes from legal documents. Jaworski, who is donating the royalties to his own nonprofit foundation (which supports religious and educational projects), nonetheless offers some intriguing anecdotes and pungent observations. Among them...

Author: /time Magazine | Title: THE EX-PRESIDENT: Watergate Recalled | 9/6/1976 | See Source »

...Profits are called by many names these days, many of them bad. Obscene, exorbitant, excessive are the leading pejoratives. By contrast, nonprofit has gained an altruistic, almost hallowed connotation. Psychologically, that prejudice may be understandable, but economically it makes no sense. Profits can, of course, be immoral-if they are exploitative, for example, or result from price-fixing schemes or monopolies. But most profits are not so earned. Instead, they are an essential and beneficial ingredient in the workings of a free-market economy...

Author: /time Magazine | Title: Time Essay: Profits: How Much Is Too Little? | 8/16/1976 | See Source »

...represent the interests of the workers. This claim is unfounded, she says, as long as workers are cut out of decision processes. "When you're doing your job, certain responsibilities are taken away from you," she says. "And it's all done with a claim that this is a nonprofit organization, an academic organization with higher aims, that we're all part of this community. Well, we're not part of this community...

Author: By Philip Weiss, | Title: The Warm Cold Heart Of Harvard's Bureaucracy | 5/12/1976 | See Source »

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