Word: actualizes
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...difference between the projected and actual rates of return is critical. Pension managers assume that they achieved the projected rate, regardless of their actual results. The idea is to smooth volatile returns over long periods. But this practice produces some volatile returns over long periods. But this practice produces some gross distortions. Of 355 companies in the S&P 500 that offer a defined-benefit plan, 52 report profits from their pension fund when the fund is actually costing the company, according to UBS Warburg. The study concludes that S&P 500 companies are now $126 billion short of what...
Although the bill was passed in 1998, the actual fee was not decided and ruled on until July. And Web-based broadcasters will have to pay royalties retroactive to 1998. The high backpayment is a primary reason why small stations fear the law will force them out of business...
...student. The program is very good about putting a priority on academics,” says Taylor. Still, some ROTC cadets feel separated from their college. “There are definitely times when I feel like I do identify more with even MIT and ROTC than the actual Harvard experience,” Persons says. For others, ROTC is more of a large extracurricular commitment. Bartch calls her Air Force training her “varsity sport.” But more so than athletes, the ROTC commitment is very much a public...
...creature of the Corporation. The committee functions solely in an advisory capacity; it meets extremely infrequently and in secret. If the administration wants to showcase the ACSR as an adequate forum in which students can influence Harvard’s investment policies, it needs to give the committee the actual power to control Harvard’s shares in companies that are deemed to be acting irresponsibly. The ACSR should be one of many avenues to bring forward concerns like HAC’s, and the committee should be reformed to make it stronger and more representative, transparent and accountable...
Charging students for leaving their items in an uninsured basement seems unfair at best and greedy at worst. There would be no actual improvement in storage service, and items would be just as susceptible to theft as they are now. The proposal to increase the eligibility from 100 miles to 200 miles is similarly unfair. Driving one’s belongings to a nearby suburb in two trips during the day is very different from having to make the four-hour trip all the way to New York or having to bear the expense of hiring a van. This...