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In short, companies in the industrialized world were unjustly enriching themselves by profiting from previous efforts made in the developing country.
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YouTube has removed a new series of videos posted by a couple convicted of child neglect after profiting from previous videos that showed them pranking their kids, sometimes to the point of tears.
The scheme will start in April next year and for its first year will be accompanied by a capital gains tax holiday to encourage those sitting on profits from previous investment to plough their money back into startup companies.
As soon as a profit is made, the cycle starts again, with subsequent purchases sometimes paid for with unrealized profit drawn from previous sales.
The decline on Tuesday was fueled not only by the lack of an immediate rate cut, but also by investors' taking profits from the previous week's rally, the strongest since September.
On average, the banks had 11percentt growth in profits from the previous year, according to Thomson Financial/First Call.
UBS's investment banking division quadrupled its pretax profit from the previous quarter.
As Gretchen Morgenson has reported, Merrill Lynch's losses from the last two years wiped out its profits from the previous decade.
The administrators of the museum said last year's losses were in part due to a 43% cut in government funding and had, in any case, been covered by profits carried over from the previous year.
1. HSBC's net profit for 2015 dropped by 1.2 per cent from the previous year to $13.52 billion £9.44 billion), after what it called "seismic shifts" in the world economy.
Mitnick, by contrast, is barred from profiting from his story.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com