Word: profiteer
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...better shape than their struggling American counterparts. But back home, the news isn't so golden. Thanks to an aging, shrinking population and lackluster consumer spending, sales of full-size vehicles in Japan last year were the lowest since 1977. Mighty Toyota may have posted a record global profit of $18.6 billion for 2006, but its home-soil sales slumped...
...group does not propose divestment from hedge funds and private equity—investments through which Harvard may also hold stakes in firms tied to Sudan—due to a lack of similar investment options.Alice W. Handy, founder and president of Investure, an investment group that advises non-profit institutions, echoes Campbell’s sentiments. Handy, who served as chief investment officer of the University of Virginia’s endowment from 1974 to 2003, says she can appreciate the student effort driving the divestment campaign, but urges caution in matters that deal with the endowment...
...company directors, Charles Grant, spoke for many when he wrote of how he believed that Providence had brought the British to India for a higher purpose: "Is it not necessary to conclude that our Asiatic territories were given to us, not merely that we might draw an annual profit from them, but that we might diffuse among their inhabitants, long sunk in darkness, vice and misery, the light and benign influences of Truth...
...good opportunity. You need to be able to assess it in relatively quick, short time frames." Venture capitalists take big risks, with the hope of even bigger returns, often by dismantling a business, jettisoning what doesn't work, retooling what does and unloading the whole thing at a big profit. Romney's firm Bain Capital started in 1984 with $37 million in assets under management; by the late 1990s, it had billions. One of Romney's biggest achievements was seeing the potential for the office-supply chain Staples in the 1980s, when few could imagine a time businesses wouldn...
...been camping out in shifts on the grubby tile floor of Queen's Pier since April 26, the day after the government closed the former ceremonial port for visiting British dignitaries. Chen, who is also a professor of urban planning, and members of this loose-knit coalition of non-profit and student groups are determined to stop the Hong Kong government tearing down, or relocating the historic structure to make way for a new highway and ongoing land reclamation project that is reshaping Hong Kong's waterfront. "People feel very powerless," Chen explained. "They think the government will just...