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Word: nonprofitability (lookup in dictionary) (lookup stats)
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Hooked. The pickings are fat because the U.S. has no national control of education, and sparse state control (only 18 states and the District of Columbia regulate degree giving). In one of 13 states that tolerate "nonprofit" colleges without a charter or license, the typical mill's campus is a small-town post-office box. For $150 and up, the mill sells such degrees as Doctor of Divinity in Metaphysics, Doctor of Naturopathic Medicine, "Master Herbalsits" (sic). The signatories are such lustrous personages as "Archbishop John...

Author: /time Magazine | Title: Education: Academic Racketeers | 10/19/1959 | See Source »

...postwar commercial publishing. Soaring costs have fostered the hit psychology of the Broadway theater, forced commercial publishers to shy away from nonfiction books that are likely to sell less than a break-even 8,000 copies. The university presses have no such profit-and-loss problems. As taxexempt, nonprofit enterprises, often bolstered by subsidies, they can afford to keep slow sellers in print as long as they prove useful. Result: more and more commercially marginal but eminently important books are being handed over to the universities. And the presses in turn are starting to attract first-rate editors and designers...

Author: /time Magazine | Title: Education: Press of Business | 10/5/1959 | See Source »

...National Geographic Society, which finances scientific discovery, prints maps, and publishes the National Geographic Magazine, is the least exclusive, farthest flung and most improbable nonprofit publishing corporation in the world. Last year it sponsored an expedition to South America in search of the world's largest ant (longer than 1 in.), underwrote a dozen other scientific projects around the globe, printed 17.5 million maps, and gained 125,000 members, to bring total circulation to 2,440,000. The Magazine (a word customarily capitalized by the society) sends 849 copies to Uganda and Kenya, 57 to Broken...

Author: /time Magazine | Title: The Press: Rose-Colored Geography | 6/15/1959 | See Source »

...biggest strike in the history of U.S. hospitals bedeviled New York City last week. At six voluntary, nonprofit hospitals (four in Manhattan, one each in. The Bronx and Brooklyn), nurses' aides, orderlies, porters, kitchen and laundry help hit the bricks on orders of Local 1199, Retail Drug Employees Union, A.F.L.-C.I.O. This week, with no settlement in sight, the union was threatening to strike several more hospitals...

Author: /time Magazine | Title: Medicine: Hospital Strike | 5/25/1959 | See Source »

...nonprofessional workers had heeded the call. Claimed the union: 3,200 out of 4,300 were out. But there was no question as to the issues: the union wanted recognition to bargain collectively for the workers, 27,000 of whom in New York City's 82 voluntary, nonprofit hospitals are woefully underpaid.* Local 1199 charged that the bulk of them make less than $40 (some as little as $32) for a work week of 40 hours or more, with no overtime or fringe benefits. Many also get relief payments to eke out a living. In hospitals operated...

Author: /time Magazine | Title: Medicine: Hospital Strike | 5/25/1959 | See Source »

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