Word: profit
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...says Jim Rogers, a prominent commodities investor. "But it wouldn't last." Politics can also create short-term volatility: trouble in Saudi Arabia or political instability in Venezuela, Russia or Iran would cause price fluctuations. So could speculators. Last week's $5-a-barrel price dip came thanks to profit taking in the market. "Hedge funds have been bailing out of their positions," says Bill Greehey, CEO of oil refiner Valero Energy. "You've got a lot of hot money...
...expect the campaigning to stop just yet, though. In a scathing report published last year entitled Principles, Profit or Just PR?, BankTrack accused many firms of failing to deliver on their lofty principles. The report highlighted the decision by nine Equator Principles banks - including ABN Amro, Italy's Banca Intesa and Citigroup - to fund BP's controversial Baku-Tbilisi-Ceyhan (BTC) pipeline, which will run through Azerbaijan, Georgia and Turkey to bring Caspian Sea oil to the West. The project, argued BankTrack, violates the Equator Principles in key areas, notably in regard to the protection of indigenous peoples...
...group is a...federal non-profit,” she says. “Our by-laws specifically state that all of our actions are legal and peaceful...
Members of the non-profit Massachusetts Animal Rights Coalition (MARC) took to the streets, challenging Square pedestrians to join the crusade against alleged animal cruelty. Pictures showing primates strapped to a bevy of machinery and bleeding from the head adorned protestors’ signs, which read, “You pay for this” and “Her pain, their gain...
Heyward acknowledged that television news is fundamentally a “profit-making business,” but maintained that advertisers themselves do not influence story selection...