Word: profited
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Dates: during 2000-2009
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...Finally, by tolerating price gouging, we encourage the perpetrating students to continue doing it. In the short term, savvy students will begin buying extra tickets to popular events that are guaranteed to sell out in the hopes of making a tidy profit every time a formal takes place. This is the most innocuous result, however. If these students, who almost certainly take pride in their financial acumen, have any political or business aspirations, they will eventually plague the broader community with their gouging methods. Given our current economic crisis and the recent impeachment of Illinois governor Rod R. Blagojevich (Senate...
...hook for the losses. And in a twist on regular insurance, the buyer of a CDS contract [i.e., the insured] doesn't actually have to own the bond. If the bond goes belly up, they get paid as if they had, pocketing the insurance payout as a profit, which of course would be a loss for the owners of Strata...
...Greed is integral to success on Wall Street and was until recently a quality we celebrated during years of economic prosperity. Channeled correctly, it can fuel innovation, creative business strategy, and the completion of financial transactions on an enormous scale. Cut loose from its free market moorings, however, the profit motive may become dangerously misguided. Pumping taxpayer dollars into failing Wall Street firms will have all of the negative and none of the positive consequences of greed. Given no incentive to be prudent, we can expect them to do nothing other than what they’re best at?...
...Harvard name opens doors to an industry that has proven notoriously hard to crack. “Harvard is an invaluable resource. It creates an instant connect and instant trust,” said Madeleine Bennett ’11, president of the undergraduate chapter of Harvardwood, a non-profit organization for Harvard students, alums, and staff interested in careers on or behind the silver screen. But the formalized, extensive alumni network that now supports current students was not always in place. Years ago, informal networks were predominant—and for some alums, these structures remain in use more...
...sustainable fishing industry, but it's voluntary and lacks the teeth needed to save the world's fisheries. Of course, the very global nature of fishing, which often takes place outside any single nation's territory, makes it a classic tragedy of the commons. It's to the individual profit of any one fisherman, or any one nation, to keep fishing as long as possible - but if everyone abandons the code and fishes unsustainably, it will only hasten global fishery collapse...