Word: profited
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...Cantabrigians.But Harvard had financial woes of its own. Even though it was Cambridge’s largest landlord, Harvard was charging rents below market value and was losing money on its real estate holdings.To address this problem, the University in 1978 formed Harvard Real Estate, Inc. (HRE), a non-profit company that would manage Harvard’s non-academic property holdings.Within three years, HRE, under the stewardship of Sally Zeckhauser, had angered tenants so much that they formed the Harvard Tenants Union (HTU) to protest allegedly unfair rent increases and negligent management.The tensions came to a head...
...based on ad rates run well into the six-figure range. He told the New York Times in April that it was closer to $80,000 but admitted to me later that the figure was probably higher. It?s tough to say, Moulitsas argues, because so much of the profits of the site get poured back into it. Whatever his take-home pay is, it?s enough to generate respect from unlikely quarters. "Most would argue and it?s self-evident that he?s the most well compensated blogger on the planet," says Mike Krempasky, co-founder of the virulently...
...natural resources to those who have lived on it for so many hundreds of years, instead of putting our economy in the hands of the World Bank, the IMF [International Monetary Fund] and transnational corporations. We, of course, want [private] investment partners, and we want them to profit, but we should be the absolute owners of the land and resources...
...parked in the company garage, it turns out Enron didn't have much in the bank. Forensic auditors have discovered that cash flow in 2000--the money left over after the bills are paid--was a negative $153 million, not the heady $3 billion claimed. The nearly $1 billion profit was bogus. (Forget 2001. Even the auditors couldn't fathom the books that year...
...hyped engineering programs—like Stanford, Princeton, and MIT—is a bad thing, right? Not necessarily.American college students take part in a unique educational tradition. Unlike their peers in Canada or Britain (or South Africa, or Indonesia, or just about anywhere else), undergraduates in this country profit from a liberal arts philosophy that seeks to produce well-educated citizens, not well-trained professionals. As the current Harvard College Curricular Review continues to seek new ways to liberalize undergraduate academics, most recently by delaying concentration choice to the middle of sophomore year, the importance of protecting this liberal...