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...EU’s previous system (like the U.S.’s current system) was based on the government guaranteeing a minimum sale price for all domestically-grown crops. This guaranteed price covered the cost of production and left a healthy profit margin for farmers. The obvious consequence of this subsidy was that the amount of crop grown was no longer determined by the demand for that particular crop on the open market; farmers simply grew as much of the most subsidized crops as their farms could handle, regardless of whether anybody would want to buy them. The harvest...

Author: By Nicholas F. Josefowitz, | Title: Farms Fall Apart | 7/18/2003 | See Source »

...want to invest in the distressed, doing it through mutual funds will limit your risk. Among those seeking profit in turnarounds are junk-bond funds and such value funds as Longleaf Partners, Third Avenue Value Fund and Excelsior Value and Restructuring Fund. Or you can wait for the reorganized company to issue new common shares. Because by then the old ones will be dead fish...

Author: /time Magazine | Title: Money: Beware the Bargains | 7/14/2003 | See Source »

...sees as the next promised land for selling low-priced cars. He's skipping the price war his German competitors, BMW and DaimlerChrysler, have waged in the U.S., dismissing what he calls "incentives of mass destruction." That has cost him U.S. market share, but he says it's preserving profit. But now the company best known for the tiny "people's car" is thinking about trucks - big ones. And buses. And diesel engines. Industrial customers want manufacturers to deliver entire, diverse fleets. So Pischetsrieder has been talking to shareholders of Munich truckmaker MAN and Sweden's Scania, in which...

Author: /time Magazine | Title: Biz Watch | 7/13/2003 | See Source »

...photograph depicts a bag of soda cans hanging next to a custodian’s trash can, which she had planned to use for her own profit. Another shows an empty basement of the Harvard Business School that is lit very brightly in order to keep workers awake, according to Halpern...

Author: By Ryan J. Kuo, CRIMSON STAFF WRITER | Title: Show Turns Lens on Harvard Staff | 7/11/2003 | See Source »

...decrease in clothing drop-offs. "But we want people to think as much about their clothing donations as their cash donations," says Goodwill's marketing chief, Dave Barringer. Nonprofits have to report where their money goes. Private companies don't. And potential donors who balk at USAgain's for-profit status may be even less pleased to know that the firm is run by Scandinavians associated with a secular cult whose leaders are on trial in Denmark for tax fraud and embezzlement. No USAgain executives have been accused of any wrongdoing, and Wallander says of the cult, "That has nothing...

Author: /time Magazine | Title: Doing Business in a Box | 7/7/2003 | See Source »

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