It was a profitable, capital-intensive industry where factories with row upon row of vats boiled garbage day and night -- a precursor to the modern system of recycling -- but the result was a horror.
Most of it was sold off or closed down by 2001, except for a rump in Asia and Europe, where Kist sees profitable capital-market opportunities in neglected midsize companies.
The bank maintained that its first-quarter performance so far is "solidly profitable" and capital is "strong".
Medison, once a highly profitable venture capital firm specializing in ultrasonic equipment, became insolvent under South Korean law after defaulting on a $3.4 million loan payment.
While the bank is barely profitable, its capital cushion is as strong as that of HBOS, which raised £4bn of new funds last month.
To promote profitable private capital accumulation, the state was required to finance expenditure on social capital that is, investment in projects and services to enhance labour productivity, lower the reproduction costs of labour, and thereby increase the rate of profit.
When you're a struggling team eating away at your meager savings and trying to get your startup profitable, venture capital funding seems like the holy grail.
"If you are profitable and need capital to grow and can easily cover the debt service, sure, go for it," he wrote.
