Word: profiteered
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...expected to settle in India's capital when partition split the subcontinent into India and Pakistan would need places to live. He persuaded farmers around New Delhi to hand over their land on the promise of future payment, borrowed money to develop residential neighborhoods and then sold at considerable profit to the influx of newcomers...
...past few years. Indian producers are relentless cost-cutters. Many, including Tata, now buy parts through Internet auctions to get the best price. Industry analysts speculate that the one-lakh car may revolutionize assembly, with some parts glued together rather than welded or bolted. Even so, Tata officials acknowledge profit margins will be slim; the company is counting on high sales volume to generate meaningful earnings and to create brand loyalty among customers, who will trade up to more profitable models in the future...
...Cash Express, which has more than 1,700 outlets across the country, works with Wells Fargo, JPMorgan Chase, Union Bank and others. Banks have shied away from serving the unbanked population directly because this slice of the market clashes with their business model. Banks get much of their profit from the interest they earn by lending out the money held in long-term deposits, but check cashers depend on a high volume of small transactions to generate revenue through fees. "The changes are not that simple," C.K. Prahalad, a University of Michigan economist and expert on marketing to the poor...
Baldwin, who has headed the non-profit, independent research immune institution since February of 2005, will take over at Texas Tech sometime next month, he confirmed this week...
Question 2: Do you believe individuals' buying their own solo health insurance can be the answer to the problem of the uninsured? The only noncallous answer is no. The problem with the individual market, as anyone with the most innocuous ailments can attest, is that profit-seeking insurers want to cover only younger, healthier people who don't need insurance. The very idea of individual insurance is an oxymoron, since insurance is about spreading risks across a group. Group coverage creates little socialized-health republics in which the young subsidize the old, and the healthy the unwell, with all those...