Word: profits
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...will never have to see the light of day again," says Hugh Riley, Secretary-General of the Caribbean Tourism Organization, the body representing the travel interests of 32 nations in the region. "It's unusual for the Caribbean to have to offer these kinds of deals. Nobody makes a profit when that happens...
...completion of the state-of-the-art private jail capable of holding 464 inmates. Convinced that it would provide steady employment for over 100 locals, as well as accompanying economic benefits, the residents financed it through the sale of revenue bonds and turned it over to a for-profit prison-management corporation. On a 40-acre field at the edge of town where pronghorn antelope once grazed, they built it. But nobody came...
...liabilities and raise donations from readers. These improvements, on top of The Globe's existing advertising and subscription base, would let the paper avoid closure—and perhaps significant layoffs as well. And unlike for most papers, the actual conversion of The Globe to a non-profit would not cost money; after all, there are no owners or shareholders to buy out, as there are for The Times Company as a whole...
...fully endow the nation’s great newspapers. Even National Public Radio, which began to accumulate an endowment following a $225 million gift in 2003, relies on the fund for just a small fraction of its total budget. The aim of converting The Globe to a non-profit is to avert catastrophe, not to create a new model for newspapers...
...SLAM member Remeike J.B. Forbes ’11. “It’s kind of peculiar to see Harvard as analogous to GM, because Harvard is a nonprofit institution. When GM lays off workers they also decrease in production as well. Harvard is not a for-profit institution, its purpose is to serve a public good.” According to Taj E. Tucker ’12, a protester at SLAM’s recent rally, “We have too many luxuries here to be cutting down on peoples livelihoods. There are other sacrifices...