Word: profiteering
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...entirely - the Sept. 24, 1864, stock-market panic set off by plunging gold prices. Newspapers in Philadelphia reappropriated the phrase in the late 1960s, using it to describe the rush of crowds at stores. The justification came later, tied to accounting balance sheets where black ink would represent a profit. Many see Black Friday as the day retailers go into the black or show a profit for the first time in a given year. The term stuck and spread, and by the 1990s Black Friday became an unofficial retail holiday nationwide. Since 2002, Black Friday has been the season...
...Alavi Foundation, a non-profit organization that has funded various Harvard programs in Middle Eastern culture and language, faced formal allegations from the U.S. government earlier this month that they had illegally given money and services to the Iranian government in violation of laws that regulate trade with Iran...
Over the past decade, some 3,000 U.S. companies have been bought by private-equity firms. Their M.O.? Suck up companies with borrowed money, make them more efficient and then resell, turning a profit in the process. These days, nearly 1 in 10 nongovernmental employees works for a private equity-owned company, and that, says longtime industry reporter Josh Kosman, is a big problem. In his new book, The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis, Kosman argues that private-equity firms not only pillage the companies they buy, but also put the broader...
...endeavor has since grown into an independent non-profit with student chapters at four universities, in addition to Harvard, and plans to expand to include biotechnology companies in the Boston area...
...Since I encountered the realities of factory farming, refusing to eat conventional meat has not been a hard decision,” Foer writes. “And it’s become hard to imagine who, besides those who profit from it, would defend factory farming.” In a way, this is an evasion; Foer blames the most egregious ethical problems on how meat is raised, but is reluctant to conclusively delineate whether it is wrong to eat animals raised more comfortably...