Word: profiteered
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...addition, the price of a text message—even when using a plan—is astronomically greater than the cost to the cell phone carrier. Studies have shown that cell operators have a profit margin of about 90 percent for text messages, which is more than twice the profit for phone calls. Costs to operators are miniscule because SMS technology is over 20 years old and the network bandwidth taken up by text messages is tiny relative to a phone call. With usage increasing, the big players in the telecom industry don’t have to collude...
...Carriers also use underhanded tactics to profit off of text messaging. For example, many carriers promote their text messages heavily but set the default limit for new customers unrealistically low, hoping that many will surpass it and rack up huge additional fees in their first month. What’s especially frustrating is that using text messages is hard to avoid. Even if carriers didn’t make it difficult, if not impossible, to call and disable the feature, friends serve as the biggest exit barrier. People who send a text message expect another back in reply, especially during...
...This is not to paint Staples as a soulless corporation ready and willing to put profit before peace. Listed among Calvert socially responsible mutual funds, Staples stated in a 2005 report that its “corporate soul is centered on a rock solid belief in social responsibility and the desire to make a positive impact on our associates, customers, and the world.” Indeed, the board’s present inaction on Sudan only tarnishes an otherwise laudable record of corporate leadership...
...Kevin J. Feeney ’08, personal instruction from Dave Eggers was a regular occurrence that sparked a passion for literature and eventually led him to found a volunteer-supported writing center for high school students. As a sophomore in high school, Feeney heard about 826, a non-profit organization started by Dave Eggers with the aim of providing free after-school writing programs and seminars to high school students. Feeney’s emerging interest in creative writing led him to volunteer before the opening of 826 Valencia, the program’s first writing center, in Feeney?...
...everyone is in a hurry to return, however. Lu Fanglin's investment last August brought him more pain than profit. Over six months, his investment in the stock market shrank from $28,500 to $17,100. He pulled out completely in January. "Anyone who has gone through the last few months could feel nothing but hopeless," Lu says. "I won't get near to the stock market for the rest of my life...