Word: profiteer
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...Harvard-Allston Partnership Fund has been a high note in an often tenuous inter-community relationship. The program provides small grants to local non-profit organizations to support community development projects in the Allston area. The first grants were distributed in June, and the project will begin accepting its second set of proposals this month. The plan is in line with Harvard’s commitment to support the Allston community, and we are encouraged by its progress...
...Significant debate has emerged on the merits of a public option—a government-run, non-profit, health-insurance plan that would compete with private insurers. Although conservatives have derided the public option as an unnecessary expansion of government, there is a strong economic rationale for including it in the bill. In 34 states, five companies or fewer control the market for insurance available to small groups. These insurers’ dominant market shares make it difficult for new, private competitors to emerge, which keeps insurance costs high...
...That prospect would be a big boost to the casino companies. During the boom years, Macau casinos minted profits at an astonishing rate, but over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented...
...institution of equal quality.” But founders Chris L. McConnell ’08 and Jae R. Gardner ’07 were determined to assist students lacking financial and academic resources when they created the company in January of 2009. The company has a for-profit private tutoring program that funds their philanthropic endeavor, Climbing Ivy, dedicated to serving low-income students. With a commitment to education, community and social entrepreneurship, the Harvard graduates formed their business despite skepticism about offering anything for free during a recession. “With the economic downturn, what better time...
...fact, Baumwoll authored the Student Government resolution this past summer which addressed student concerns after the Hauser Center for Non-Profit Organizations moved into a student social space known as Town Hall...