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...actual increase in endowment spending has yet to be determined, according to Shore, as the University is in the process of formulating a new policy to address spending from underwater funds. But Shore said he expected the new income to be less than the $50 million figure. Excessive spending from a specific endowment fund, especially one that has already fallen below its original value, can erode at its long-term value—a crucial consideration for financial planners at the University, since most endowments are meant to last in perpetuity...
...waste money on a real actor to play “Pheonix Senior A”? Any of the actual Phoenix seniors would be happy to do it if it didn’t involve memorizing lines...
...waste money on a real actor to play “Pheonix Senior A”? Any of the actual Phoenix seniors would be happy to do it if it didn’t involve memorizing lines...
...fantasy of Reagan's tax-cutting has been coupled with the dread toll of Democrats - from Walter Mondale to John Kerry - who got clobbered for hinting that they might want to, uh, raise revenues. An antitax fetishism has overwhelmed both parties. Along the way, despite the melodramatic rhetoric, the actual rate of federal taxation has wobbled a bit, from a high of 20.9% of GDP in 2000 to a recession-driven low of 17.7% last year, but averages out to just under 19% from 1980 to today. If the not-so-onerous Clinton tax rates are restored when the economy...
...Taylor can be stubborn, hot-tempered and petulant. But he is an actual hero, someone whose virtue is to be respected, not subverted. And he and Tami - whose role is also prominent this season - have one of the most mature, combatively supportive marriages on TV (not to mention, for a 40ish husband and wife in a medium obsessed with young couples, an awfully...