Word: backgrounder
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Dates: during 2000-2009
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First, some background: private equity refers to what in the 1980s was called the leveraged buyout (LBO). LBO artists such as Henry Kravis and Carl Icahn borrowed lots of money on the junk-bond market built by financier Michael Milken and used it to finance takeovers - sometimes hostile ones - of struggling corporations. During the recession of the early 1990s, the LBO business faltered, and many predicted its demise. But buyout funds re-emerged under the more genteel moniker private equity, eschewed hostile takeovers, reliably outperformed the S&P 500 and grew to be a far bigger force than they ever...
...Spain, a kind of literary “Pan’s Labyrinth,” complete with maniacal teenaged stepmothers and vicious town rituals, not to mention the dimension created by the book’s publishing history. But coming out of such an intriguing background, this is a thin novel in every sense of the word...
...busy Saturday evening dinner service became a very busy Saturday evening dinner service, I watched as a fellow waiter burst suddenly into tears.The restaurant’s background music had just transitioned from a soulful Diana Ross ballad to Patsy Cline’s “Crazy,” and I couldn’t decide whether “men are dogs,” “insufficient tip,” or “another waiter’s gibes” was a likelier explanation for her sorrow. “My mother...
...recently reported that the Class of 2013 will receive an unprecedented $147 million in financial aid next year. Financial aid needs to continue to be a priority. The caliber and integrity of our educational experience depends on keeping Harvard a financial possibility for all qualified students, regardless of their background...
...financial status a bigger factor in their admissions decisions, then they should be clear about this with students. If they need more information about applicants, they should request it instead of trying to ascertain financial need using deceptive tactics such as evaluating zip codes or parent’s background. These methods are underhanded and do not provide an accurate picture of a family’s financial situation or a student’s ability to afford school. As hard as it is to tell students that their backgrounds might hurt their applications, it is worse to let them...