Word: profiteer
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...process the cars aren't so lucky, according to Michael Wilson, executive vice president for the Automotive Recyclers Association (ARA), a trade group that represents 4,500 recyclers across the country. Because of the way dealers must destroy each clunker's engine, fewer parts are salvageable - which means less profit for the recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While...
...this case, is a relative term. The deaths are typically videotaped, to protect Dignitas' doctors and nurses from prosecution for in any way coercing the patient. While Dignitas claims to be nonprofit - under Swiss laws, the most liberal in the world, you may assist in a suicide but not profit from it - its finances are less than transparent. The "clinic" over the years has moved between apartments, hotel rooms, a camper van. But none of that is what made the story so confounding, at a time when the tensions between private rights, public costs and first principles have never seemed...
...Other revenue-raising proposals include prohibiting the use of Flexible Spending Account money - tax-free funds withheld by individuals to pay for certain medical expenses - for over-the-counter drugs; imposing taxes on alcohol, sodas and other unhealthy beverages; rescinding the nonprofit status of hospitals that act like for-profit companies and no longer offer charity care; and deriving $100 billion from a windfall tax on insurers based on their U.S. market share. But many of these ideas are controversial and face significant opposition from members and Senators representing areas where local companies or hospitals might be adversely impacted...
Yoshimi Inaba, the new head of Toyota's operations in the U.S., says the company's inventories have dropped to manageable levels (estimates put it at 47 days). However, the cost has been steep. Toyota's operations in the U.S. are no longer profitable and Toyota overall probably can't make a profit if it's losing money in North America, Inaba has acknowledged. (See the best cars from the 2009 Detroit Auto Show...
...case of Tonghua Iron and Steel, it seems the steel industry's turnaround helped spark the riot. Jianlong had invested in the company in 2005 but then pulled out as Tonghua lost money amid the global downturn this spring. But as China's steel demand surged, Tonghua turned a profit of $6 million last month, renewing Jianlong's interest. After the killing of Jianlong's representative on Friday, the local government announced the deal was canceled, China Daily reported...