Word: profited
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...Implementation is the most difficult part of this proposal. While many financial institutions would immediately discount the plan, ultimately persuading them to accept it is not unreasonable. It is true that for those institutions that hold physical mortgages, their maximum potential profit will go down. For a 30% decrease in principal, the math works out to some $3 trillion potentially lost on residential mortgages as of mid-2008, according to the Federal Reserve. But if Americans keep defaulting on these mortgages and asset values continue to crash, the total loss to the financial world will be far greater than...
...when Clinton goes to China, questions to do with climate change must be at the top of the agenda. For example: Where can we cooperate on energy efficiency? Can the U.S. and China find ways to jointly profit from the development of low-carbon economies? Currencies, Tibet, human rights, Taiwan and other important questions should not be forgotten. But a new united front to address climate issues would help bolster the larger edifice of Sino-U.S. relations, making it easier to deal with these other contentious issues...
...Making the case that newspapers cannot recoup their value is fairly easy. The argument has moved beyond that part of the media industry. The value of feature films is under attack. DVD sales used to drive a lot of the profit from movies. Consumers are getting what they used to see on DVD from the internet. They now often pay less than they did for the physical copy of a film. In many cases, the internet can be used to get the film without paying at all. And, it is easier than sneaking into a movie theater undetected...
...Simon Young, director of the Center for Comparative and Public Law at Hong Kong University, says the current laws were designed to cut down on organized crime and pimping - it's illegal for anyone except a sex worker to profit from the services rendered. But the code "is out of touch with reality," Young says. "A clearer law must flow from a policy change that recognizes the existing law hurts many innocent people...
...time, but sometimes they are meaner, saying we are thieves, criminals. It has never been easy work," he says. Gonzalez is one of an estimated 100,000 people in Peru who make a living diving through garbage to collect refuse - paper, metal, glass - that can be resold for a profit. It is a hardscrabble life, but one thing positive may now be handed to him and his fellow trash sifters: a new name for their profession...