Word: profiteer
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There is an alternative theory about what the government's expectations are for getting taxpayer money back and perhaps in some cases even a profit on their investment. That theory is that the agencies investing the money have only a vague set of forecasts for returns and, under pain of death, could not supply a detailed accounting of predictions for how government investments will pay out. The process of stimulating the economy may, indeed, have no specific goals other than to move GDP back to the positive growth rate in the budget and stimulus bills and the recovery in employment...
...difference concerns taxes. As a nonprofit, Harvard receives tax exemptions, deductions, and privileges that for-profit institutions must forgo. For example, besides innovative investing techniques, Harvard was able to build its endowment from $4.7 billion in 1990 to $37 billion in 2008 because it did not pay taxes on those gains. Relative to businesses, the federal government is subsidizing Harvard’s investment fund...
...argue that these benefits bring added responsibility besides just educating students and providing research, as there are plenty of for-profit institutions that fulfill these roles. In the midst of a recession, Harvard is in a better position than almost any other large institution to support the local community and national economy through providing fair and stable jobs. If Harvard thought it worthwhile to create these jobs, then it has the responsibility to keep them when Cambridge, Allston, and America need them the most. If Harvard continues to benefit from taxpayers and local community members, it must meaningfully and equitably...
...organizers unable to manage basic business procedures would do well to hand over management to someone who’s taken Ec 10. It’s easier to believe in financial incompetence than the alternative, however, student organizers who are aware that an event may not make a profit and still advertise a charity function demonstrate insincerity and a blatant disregard for their chosen cause...
Jason Motlagh's travel to Afghanistan and South Asia was funded by the non-profit Pulitzer Center on Crisis Reporting...