Word: profit
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Dates: during 1990-1999
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They figured wrong. The Nazis and the communists may be history, but an even more electrifying force has arisen to put the fear of God into the genome project: the profit motive. Pharmaceutical companies stand to make incalculable billions of dollars by turning genome research into new treatments for a dizzying array of diseases. And the companies that manage to get the information first--and lock up what they find with patents--will profit most...
...very high-quality data," says Maynard Olson, director of the University of Washington Genome Center, which is part of the federal project. "You'll never see private companies doing that." If private companies focus first on the most intriguing genes, while government-sponsored scientists sequence the rest, everybody will profit...
...press release, because my mind was so numbed by the actual spectacle that I could not move myself to say anything original. And the press release is the best part of the show slick and pretty and misleadingly promising. This is really because The Revels, a non-profit arts organization complete with mailing list and gift catalogne, founded in Cambridge by musician John Langstaff and his daughter Carol, has turned over 28 years into a serious establishment and tradition for Bostonside Christmas-celebrators...
...Harvard held more than 1 million shares in Chrysler, which has since merged with Daimler-Benz and is now a pan-European corporation. Daimler-Chrysler was one of the first companies to convert to operating entirely in the euro and is expected to profit greatly from the new currency...
...which is what Apple had been spilling in the years before interim CEO/messiah Steve Jobs returned to the orchard. Now he has a bumper crop: Apple announced it has sold more than 800,000 iMacs in the computer's first five months. The company will now turn a profit for the 5th straight quarter, and the stock price, which was languishing at around $12 a share when Jobs came back, closed at a robust 43 Tuesday. Healthy enough so that the next color might very well be pink...