Africa has long been a place where charity goes to die. Tragically, most of this aid has been wasted, either stolen by corrupt local politicians or handed out in a way that traps people in a state of dependency that only generates more need for aid.
Privately held accounting, tax prep, bookkeeping and payroll services companies (NAICS code 5412) posted an average annual net profit margin of 21.2 percent, based on financial statements filed during the 12-month period ended February 2013.
The downturn caused by the collapse of the housing bubble was the key factor behind both soaring profits and rising disability rates. In terms of their relative importance to the economy, soaring profits swamp rising disability payments.
Both pride and greed are moral failings to avoid. Individuals, businesses and even nations may be trapped by pride into reckless behaviors and by greed into catastrophic overreaching. The ancient wisdom that calls us to avoid these attitudes is still true.
Just as a responsible householder would fix his plumbing, a responsible nation would fix the leaks in its energy economy. Responsible businesses are figuring this out and are saving money with green energy.
Is it likely that the Dow Jones Industrial Average is flirting with five-year highs right before we are about to go into recession? The answer is obviously no, but there is another factor that has been introduced into the equation.
The Young Entrepreneur Council promotes entrepreneurship as a solution to unemployment and underemployment and provides entrepreneurs with access to tools, mentorship and resources that support each stage of their business's development and growth.
This week, the three military contractors that do the most business with the Pentagon announced their quarterly profits for 2012. Their profits continue to grow while they push Washington, D.C. to protect their budgets at the expense of the rest of us.