Word: profited
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...pilot chapter of Bales’ organization. “Modern-day slavery is happening even in America now,” said Kamerow, describing a case of a man from Texas who took kids from Africa and forced them into a boys’ choir to make a profit. “It is one of the most exciting and perhaps the most combatable human right issues we are facing today...
...looking for people dedicated to our mission.”Biber also said he thought that increased interest in Teach for America might be due to people looking for “meaningful work” in a time of crisis.THE HISTORYTeach for America is a non-profit organization that, according to its mission statement, works to “eliminate educational inequality by enlisting our nations most promising future leaders in the effort.”TFA trains and oversees a core of high-achieving recent college graduates to work as public school teachers in under-served rural...
...bank that used to borrow at about 2.5% and lend at 5% now borrows at 2.5% and lends at 4% - an entire percentage point has been stripped from the bank's ability to make money. More than half of all banks saw their net interest margin - a measure of profit - fall in the third quarter compared with a year ago, according to the Federal Deposit Insurance Corporation. "After you pay your stockholders and employees, maintain your capital ratio and fund your growth, it gets pretty tight," says Mike Menzies, president and CEO of Easton Bank & Trust in Easton...
...local government in exchange for the bank's issuing the government a one-year CD. The winning bidder agreed to pay the government 3.72%. Menzies had offered 2.69%, which he considered a high rate, one that probably would have netted him just a 0.04- or 0.05-percentage-point profit after he rolled the money into an investment like a Fannie Mae mortgage-backed security. (See "Four Steps to Ending the Foreclosure Crisis...
...could someone else offer a higher rate? Chances are, the bidder wasn't looking to make a profit - just trying to inject liquidity into the institution's balance sheet - or was pursuing riskier investments in order to make the transaction make sense. "When a bank chases yield, they then start making riskier investments or riskier loans," says Fine of the Independent Community Bankers of America. That's not something we particularly need more of right...