Word: profiteered
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...compare different media sectors for themselves, there is no presumption that Chinese journalists have it worse. Censorship is everywhere, many say, pointing out that the activities of U.S. media in Iraq can be tightly restricted by the military. Others, writing for privately owned newspapers and magazines, say that prioritizing profit is just as destructive to journalism as a censor's pen - something that journalists complain about all the time, wherever they are. Tabloid journalists will be especially familiar with the pressure to inflate stories in order to trump the competition. Magazine reporter Li Yang puts it beautifully: "I told...
...tour in the spring of 2009. By the end of that tour the piece will have racked up almost 500 performances, and requests to stage it continue to pour in from theater managers around the world. So far, the original investors have recouped their investment and made a 12% profit - "Better, just, than a high-interest account," says Noble...
...takeover. One year on, and Britain's second-largest lender is still making news - though these days it's much less welcome. On August 8, RBS announced it had tumbled to a $1.33 billion loss in the first half of this year - a massive drop from the $9.6 billion profit it recorded in the first six months of 2007, and the bank's first ever loss as a publicly traded company. Behind the change of fortune: some $11.3 billion of its own write-downs on assets linked to the collapsed sub-prime market. RBS CEO Fred Goodwin said...
...rich, but a number of factors necessitate these high rates. The loans are risky, and the banks spend a lot on operating costs to distribute loans to peasants fanned out across the countryside. So even though the interest rates may seem exorbitant to an outsider, the margin of profit can be very slim for the banks. Another misconception about microfinance is that the clients of microfinance banks are escaping from poverty. My coworkers and I made attempts to find success stories among the beneficiaries of the numerous loans that our bank had distributed. We harbored hope that we could find...
...Currently in capitalist economies, a new organization must be either a not-for-profit, with a particular mission or purpose, or a for-profit organization, in which the directors' first responsibility is to the financial interests of shareholders. I would suggest a third way: for-profit companies that both pursue a purpose and seek a financial return for investors. I believe there are millions like me who would prefer to place both our investment dollars and our philanthropic ones into such ventures. Investors in third-way companies could be confident that reasonable returns were being sought on their behalf...