Word: profit
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Politicians do it. Charities too. And now for-profit entrepreneurs are tapping the Internet to get small amounts of money from lots and lots of supporters. One part social networking and one part capital accumulation, crowdfunding websites seek to harness the enthusiasm--and pocket money--of virtual strangers, promising them a cut of the returns...
Mexico's Cocaine Chaos Drug violence in Mexico is a consequence of the misguided war on drugs and the fact that drugs are illegal in the first place [Aug. 25]. If drugs were legalized, the profit incentive for criminals and the attendant violence would largely disappear. This would also leave the fighting of drug abuse to medical and social-welfare professionals and free law enforcement to deal with real criminals instead of those deemed criminals solely through the idiosyncrasies of the law. Stephen V. Gilmore, CHARLOTTE...
...cash in. (Foreigners now own eight of the league's 20 teams.) But making enough money to compete at the top level is becoming harder. Of that revenue, clubs poured some $2 billion into wages alone. The result: less than half of the Premier League's teams scored a profit in 2006-'07 - which is why wealthy foreign backers are so welcome in English soccer...
...what's in it for ADUG? For super-rich investors, short-term profits are an unlikely motive. Russian oligarch Roman Abramovich has sunk more than $1 billion into Chelsea since buying the London club in 2003. But while that's earned the team two Premier League titles and a place in the finals of Europe's élite club competition, Chelsea still couldn't manage a profit...
...Funded by Al Gore's non-profit Alliance for Climate Protection (ACP), the $300 million We Campaign (short for "We Can Solve It") opens a new front in the battle against global warming. Rather than trying to scare viewers with dire predictions of climatic apocalypse or wear them down with climate science - there's nary a polar bear nor a PowerPoint slide to be seen - the We Campaign seeks to mobilize widespread public support for action. If Gore's An Inconvenient Truth was meant to diagnose climate change for a country that at the time was still widely skeptical...