Word: profiteering
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According to the Wolf Foundation’s website, the non-profit organization annually awards $100,000 grants to scientists and artists “for achievements in the interest of mankind and friendly relations among peoples.” Grants are awarded in six categories: agriculture, chemistry, medicine, physics, arts, and mathematics...
...real estate market soured, credit default swap rates increased to 200 basis points, and Goldman stood to profit from the trade while Harvard, as a counterparty, suffered losses...
Harvard’s theatrical productions are unique, in that they rarely seek to make a profit. Instead, they challenge their audiences to think critically about the design, organization, and larger themes of these plays...
...wanted to revolutionize the charity thrift store with a focus on designer clothing that can sell for very low prices and really make a profit and make a difference,” Zhang said...
...book you need because it would know exactly how many to order. In fact, the Coop’s prices are already so steep in part because they don’t know how many books they will be able to sell—so they insure their profit with a higher price...