Word: allowable
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Dates: during 2000-2009
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...late September, just after Congress defeated the first bailout bill, the IRS issued a notice to change that rule to allow banks to significantly lower their taxes when they purchase other banks. Now, after an acquisition, a bank can reduce its IRS bill by claiming that loans on the books of an acquired rival are worth far less than the previous owners thought, not a hard claim to make these days. The acquirer can deduct from its taxes the full amount of the write-down. Before it could only lower its taxable earnings by a small percentage of the write...
...nearly one-fourth of my 25th reunion class formed Harvard Alumni for Social Action (HASA) to try to make improving education for the world’s poorest students part of Harvard’s development approach. We lobbied Harvard to allow our class to set up an alternate gift, in Harvard’s honor, which would build the institutional capacity of a university in sub-Saharan Africa with which Harvard already has academic collaborations. In view of the devastating impact of AIDS on African academics and the dilapidated state of their institutions, we felt that a class donation...
...Program and Mather House master, Nadaff says her firsthand experience as a student and instructor in the program has demonstrated to her the importance of establishing close contact with faculty and developing intellectual habits to navigate the demanding academic challenges at Harvard.When it began in 1959, the program only allowed students to apply by invitation. Although it has moved away from these exclusive origins, some of the dilemmas the Freshman Seminar Program faces today echo its early challenges. Now on the eve of its 50th anniversary, the issues of selection and enrollment that were apparent in the program?...
...English—and the other humanities—are valuable courses of study, along with more “practical” majors like economics or chemistry, but only if departments are willing to develop their curriculum to suit the times. Harvard’s new English program allows for much greater flexibility of study and can incorporate a wider variety of interests.English is no longer a field whose scope can be limited to Great Britain and North America. Literature written in English is truly a transnational corpus, as migration and colonization have spurred the creation of English works...
...enough fuel to land the plane?’” The plane had crashed as a result of this miscommunication, and, for Gladwell, the reason was clear. “There was a social breakdown...It was a symptom of a culture’s inability to allow subordinates to question their superiors,” he said. “This plane crash cannot be understood just on the basis of the individual, it has to be understood as part of a much larger cultural context.” In “Outliers...