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Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector (the state or government) or common use to the private sector (businesses that operate for a private profit) or to private non-profit organizations.
It describes how recent governments have been privatising previously public services, including the NHS, by following free-market ideologies, whilst at the same time, the establishment demonises benefits fraud and makes cut-backs and imposes austerity measures on those at the bottom of the financial pyramid.
Allyson Pollock is a consultant in public health medicine and was the Director of the Institute of Health and Society, Newcastle University.She is an academic who is known for her research into, and opposition to, part privatisation of the UK National Health Service (NHS) via the Private Finance Initiative (PFI) and other mechanisms.
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
Privatization in Latin America was extensive in the 1980s and 1990s, as a result of a Western liberal economic policy. Companies providing public services such as water management, transportation, and telecommunications were rapidly sold off to the private sector.
In 2023, the largest source of charitable giving came from individuals, who gave $374.40 billion, representing 67% of total giving, according to the Giving USA (Giving USA 2024: The Annual Report on Philanthropy for the Year 2023, a publication of Giving USA Foundation, 2024, researched and written by the Indiana University Lilly Family School ...
A private foundation is typically set up as a non-profit corporation that bears the name of its donors, but may alternatively be established as a trust. Donors specify the charitable purpose of the foundation (example: grants for cancer research, scholarships for the needy, support of religious goals).
The National Honor Society (NHS) is one of the oldest, largest, and most widely recognized cocurricular student organizations in American high schools, with 1.4 million members. [ 1 ] [ 2 ] The purpose of the NHS is to create enthusiasm for scholarship, to recognize outstanding students, to stimulate a desire to render service, to promote ...