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...OIP’s temporary home is substantially larger than the old location and includes a reading room, several offices, and a conference room, as well as a roof deck with views of as far away as MIT. The top-floor space, formerly offices for a local non-profit, is located across the street from Berryline, a popular frozen yogurt store that opened a year...

Author: By Josh M. Zagorsky, CONTRIBUTING WRITER | Title: OIP Moves From Yard to Arrow St | 9/16/2008 | See Source »

...prevent fraud, IRD avoids paying cash up front for products and services. It also requires its for-profit partners to reinvest any proceeds derived from IRD wheat. Instead, the millers who process the wheat are reimbursed with a portion of the flour they make to sell at market rate. Factories get the flour free of cost but are required to reinvest their proceeds into new production. IRD collects 66% of the profits, which it then uses for other programs in the country, including a water-treatment facility, snacks for school children and health services. IRD keeps 10% of all funding...

Author: /time Magazine | Title: Teaching Them to Fish | 9/11/2008 | See Source »

...What will this cost me? You and your fellow U.S. taxpayers are now formally on the hook for up to $200 billion in guarantees to Fannie and Freddie. That figure doesn't actually mean a whole lot--if housing prices begin to stabilize, Treasury could turn a profit on the deal; if the meltdown accelerates, it might not stop at $200 billion...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...thing Barack Obama and McCain disagree on is an oil windfall-profits tax. McCain is against it, on the theory that it is a tax and therefore bad, and also that it would discourage domestic production. Obama is for it, on the theory that if oil companies can make a nice profit when oil sells for $50 per bbl., they can still make a nice profit when it sells for more than $100, even if the government takes a bit and spreads the money around to those who are hurting from higher oil prices...

Author: /time Magazine | Title: Sarah Palin's Alaskonomics | 9/9/2008 | See Source »

...Stasi, opened last month. The Union of Organizations for the Victims of Communist Oppression called for a boycott of the bar, warning that it would "negate the suffering of thousands of former political prisoners or victims of persecution" by turning it into a "fun factor" in order to make profit. Owner Wolfgang Schmelz, not unhappy with the publicity generated by the controversy, dismisses the accusations. "Nothing is being trivialized here, no victims are being mocked," he insists. "All it is, is satire...

Author: /time Magazine | Title: Raising a Glass to East Germany | 9/9/2008 | See Source »

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