Word: profiteer
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...Africa in 2005. And most of the money has gone to only a handful of resource-rich countries like South Africa, Nigeria and Angola. Meanwhile, much of the continent remains desperately underdeveloped: only 22% of African households have access to electricity. That leaves plenty of opportunity for businesses to profit as the continent attempts to catch up. In recent years, for example, the number of mobile-phone subscribers in Africa has soared by over 50% a year. But Africa's dubious reputation is a huge obstacle to the development it needs. After all, who wants to invest in a place...
...There are other reasons to steer clear. In its IPO filing, Blackstone was very blunt about how erratic profit can be. That may be the nature of the private equity business model - buying existing companies and then spending years fixing them up before reselling and realizing gains - but it also makes it next to impossible to model future earnings and thus come up with a fair stock price, says Brian Hamilton, CEO of Sageworks, a financial analysis firm that specializes in private companies going public...
...balanced, thoughtful and well-researched" before adding, "Unfortunately, you won't get that from Michael Moore." America's Health Insurance Plans, whose members include HMOs Aetna and Cigna, handed its own news releases last week emphasizing the need for "a uniquely American solution." Health Care America, a non-profit financed in part by pharmaceutical and hospital companies, held briefings to document the the long wait-times common to government-run healthcare, such as those run by France and Cuba, and posted videos on its Web site detailing horror stories from Canada's system. "Mr. Moore is not telling the whole...
...work in enriching young women through the non-profit organization Strong Women, Strong Girls, the American Institute of Public Service honored Hyde with the Samuel S. Beard Award for Greatest Public Service by an Individual 35 Years or Younger, one of four national public service awards given out at Tuesday’s annual Jefferson Awards for Public Service ceremony...
...outrageous charges, check cashers and payday loaners raked in an estimated $11 billion in fees from this $1 trillion economy. Cleveland-based KeyBank, for example, has attracted just 5,500 new customers in the past two years with its own check-cashing business, but has yet to make a profit from it. One problem is that people who have never had a bank account are distrustful of banks as a whole and feel unwelcome in institutions where they could not qualify for a checking account in the first place, because of lack of proper ID or employment history. Even when...