Word: profiteered
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...Primo factory in El Salvador, 5.000 workers, mostly young women, produce clothing for Harvard and other American colleges through Lands’ End. Conditions at Primo are, perhaps not entirely surprisingly, appalling. According to the Workers’ Rights Consortium (WRC), a not-for-profit independent sweatshop monitoring organization, workers at Primo face abuse from supervisors, forced and unpaid overtime and inadequate health treatment. Perhaps most egregiously, Primo systematically blacklists workers it suspects to be or have been involved with a union...
Since Quad Bikes is to be a non-profit enterprise—all revenues will be put back into the bikes—students will not be gouged in their search for the perfect two-wheeled transport. Quad Bikes will also be a valuable source of term-time employment for students, providing an interesting alternative to hours slaving away at jobs in Lamont or a lab. It will fill their pockets in other ways, too. Biking is always a frugal choice for tight-budgeted students, but most bike shops in the area are too expensive or too distant for Harvard?...
...signing contracts with hundreds of farmers, each cultivating less than a tenth of an acre. Chinaveg gave them special seeds and pesticides acceptable to the U.S. Department of Agriculture, which were demanded by customers like KFC. In turn, the farmers sold the pesticides for a quick profit and ruined the crop with highly toxic replacements. Come harvest, the farmers tried to sell for a higher price on the open market...
When Ying joined Globe Telecom seven years ago, the firm, based near Manila, claimed about 130,000 subscribers. Today, as he departs, he is credited with helping build Globe to 7 million subscribers and $129 million in profit for 2002. Ying, 45, starts in May as COO of a larger telecom firm, Maxis Communications, based in Kuala Lumpur. First on the to-do list of this wine and cigar lover is integrating the recent acquisition of a rival firm, TimeCel...
...will be reordered based on past history, the buyback price is 25-35 percent of new price. The Coop book department usually speculates on 1000 to 1200 books each semester. Correct speculations can go on the shelves as used books for 75 percent of new prices, netting a nice profit and saving us money...