Word: profit
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...must be other explanations for why the company that is perhaps the greatest enabler of American (and, increasingly, global) consumption, born in 1958 as BankAmericard and rechristened Visa in 1976, has chosen now of all times to go public. One is that Visa makes its money (a $424 million profit in the last quarter of 2007, up 70% from a year earlier) from transaction fees, not lending, so it doesn't have to worry nearly as much as banks do about people making their credit-card payments. Another is that the banks that own Visa stand to make more than...
...people are “bombarded” by such products, which often fail to provide the promised help and simply add to one’s costs. Both professors said they are taking immediate steps to improve financial awareness. Tufano has started Doorways to Dreams, a non-for-profit that creates video games to educate youths about financial concepts. Lusardi plans to teach a class on basic economics and finance as part of a new Dartmouth financial literacy initiative. Both researchers are also currently working on a paper to expand on their findings in this study...
...Finally, passenger trains have also been increased in length. Until a few years ago a typical train had about 15 carriages. IR officials discovered that a passenger-train journey could earn a profit with 24 carriages, which became the target length. By pushing the "quicker, heavier, longer" mantra, rail bosses have also been able to improve services. For example, in 2006 IR began offering special express trains on certain routes such as the run between New Delhi and Agra, home of the Taj Mahal. Tourists making day trips to India's most popular tourist attraction now can book online...
...financing of campaigns. “Changing congress is the hardest political challenge that we as a nation face,” Lessig said in the video. Lessig, famous for bringing a 2003 case that unsuccessfully challenged prevailing U.S. copyright law, is the founder of Creative Commons, a non-profit organization that allows copyright holders to provide some or all of the rights to their work online for free. “Lawrence Lessig is a great American and would make a great member of Congress,” Palfrey said in an interview last week...
...cheap solution to a devastating problem. One artificial glacier costs just $7,000, compared to $34,000 for a cement water reservoir. Only local materials are needed, and the villagers themselves can build and maintain them. The seven glaciers he's built as head of a local non-profit managing the watershed program for the state of Jammu and Kashmir have won him widespread attention, as engineers from other mountainous regions in India and Afghanistan have visited to learn his methods...