Word: acted
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...them to fail. I don't know exactly how to do this - does anyone? - but that's how we solve the problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until it was too late, so how do you expect a regulator to see trouble coming...
...door, I waved a print-out, a ticket confirmation. A man with silver hair, glasses, all in black, showed Jess, Frances, and me to our table. His name was Jim. By then the opening act had started and we stumbled through the dark, through aisles tightly packed with tables and chairs. We apologized for bumping the knees of strangers, for stepping on their feet...
Under the Uniform Management of Institutional Funds Act, which was drafted in 1972 and previously governed endowment payouts, institutions were only allowed to spend income from an endowed fund if its current value–including accrued interest–exceeded the original value...
...legislation, the Uniform Prudent Management of Institutional Funds Act passed in July, now permits institutions to spend as much of an endowment fund “as the institution determines is prudent,” meaning that Harvard can now determine appropriate expenditures from more recently acquired endowments...
...sense that they enable us to condense a book’s main points into a small, palatable package, innovations like the vook essentially encourage us not to read at all, for the act of reading is a sustaining intellectual process that requires scrutiny, time, and—above all else—thought. And what kind of thought is required in to “read” something like a vook...