Word: profit
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PANAFEST—not an acronym, but unfailingly capitalized by Ghanaian journalists—is a sordid affair that mixes tedious, egotistic African government types with local Rastafarians conniving to profit off of stupid tourists with the mushy, self-righteous black American tourists themselves, coming “back to Africa” to rediscover their roots...
Those four scenarios above basically summarize my attempts at finding a purpose for my time after Harvard. Last summer, I wrote a postcard to The Crimson from Beirut. I was working for a non-profit (without a glossy brochure, to be sure) coordinating an exchange program between Middle Eastern and American college students. The summer before, I conducted experiments on the spore covering of the anthrax bacterium, finding lab work too slow-paced to really capture my interest. This past summer, I was one of those pasty i-bankers emerging squinty-eyed into the sun after a long summer spent...
...rings say JESUS NEVER FAILS YOU. "When you walk in here, it's happy," says customer James Persinger, 19. Barreto admits he's not always happy contemplating the balance sheets: C28 has eaten up $1.9 million of Barreto's money and has yet to turn a profit. Though store sales are jumping and profits are in sight, Barreto brightens most when he reports that 1,512 souls have been saved at his stores. For a Christian business owner, no number can improve that bottom line. --With reporting by Paige Akin/Blacksburg, Melissa August/Pasadena, Md., Deborah Edler Brown/Riverside, Calif., and Greg Fulton/Alpharetta
...good start. In the second quarter, it generated 67% of Wendy's operating profit even though it accounted for only around 30% of Wendy's $951 million in revenues. To highlight that value, Wendy's announced last month that it would sell as much as an 18% stake in Tim's by early next year. In Canada, where Tim's is bigger than McDonald's (2,492 stores vs. 1,375), the 41-year-old company dominates many small- and medium-size markets; it hopes to do the same in cities like Dayton, Ohio, and Detroit. Part coffee-and-doughnut...
Will Mitsubishi's new pocket rocket, the 263-h.p. Eclipse GT, jump-start sales at Japan's most troubled automaker? The car hit dealerships this summer, lofted by strong reviews, and it leads a blitz of all-new models coming over the next two years. Unlike the profit machines Honda, Nissan and Toyota, Mitsubishi has been in automaker hell. The firm's corporate parent lost $4.4 billion in the past fiscal year, battered by a lingering scandal over vehicle defects, and U.S. sales plummeted one-third this year amid questions about whether Mitsubishi would vacate North America. That seems less...