Word: profiter
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...imposed price controls on utilities in early 2006, stabilizing electricity rates. But at the same time the price of coal, used to generate some 80% of the country's electricity, was left to be set by market forces. With coal prices rising, some power companies curtailed purchases because their profit margins were being squeezed and they were unable to compensate by hiking rates. With reduced stockpiles, the utilities were unable to generate enough electricity when the cold snap hit and power demand soared - and transport disruptions made it difficult or impossible to replenish supplies. Official media say plants that produce...
Other than the growing profit margins for the food industry, the only good thing about fast-food companies' pushing meat, fat and sugar on the developing world is the financial boon it will create for another ethically challenged U.S. industry. As those chicken nuggets start clogging arteries and aiding the global obesity epidemic, millions of people will develop diabetes, high blood pressure and heart disease. What an untapped market for the pharmaceutical sector! Simon Chaitowitz, WASHINGTON
...University is planning to spin off part of Harvard Medical International (HMI), a major not-for-profit subsidiary of Harvard Medical School, to Partners HealthCare, a non-profit that owns several major Massachusetts hospitals...
...While Harvard, which currently spends 3.5 percent of its endowment wealth each year, intends to provide the committee with much of the information that it has requested, Casey said a five-percent rule would be detrimental because universities face different challenges than other types of non-profit organizations...
...hurting the country's 98,000 pubs. The British Beer and Pub Association claims beer sales at the pub are at their lowest level since the Great Depression - today British pubs sell 14 million pints per day, half the total dispensed at their peak in 1979. And when beer profit is eroded, pubs suffer. The publican at the Greene King in Marylebone says, "It is not just the smoking ban that is contributing to the closures, it is also how cheaply beer is sold at the supermarkets. It's cheaper to buy a can of beer than...