Word: benchmarking
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...last round of debt reduction, Princeton University set the benchmark by replacing all student loans with grants in January. This move was soon followed by Harvard's February announcement that it would grant financial aid recipients an additional $2,000 to apply towards the self-help requirement, or the portion that students are expected to contribute to their aid package...
...there are those who argue that tax cuts alongside falling interest rates are the proper pick-me-up for the economy. Federal Reserve Chairman Alan Greenspan seems game. He has endorsed tax cuts and took the benchmark Federal Funds rate down to 4% from 6.5% last December. Sinai says that without a tax cut the economy would grow 1.6% this year; with...
Greenspan took off the gloves. The central bank pushed rates up half a percentage point in May, the largest single hike in five years. The benchmark federal-funds rate jumped to 6.5%, the highest in nine years. Now Greenspan had committed to a course that would bring the economy to heel. Or to rest...
...Indeed, Vietnam has become a kind of moral benchmark in the public's judgment of presidential candidates. President Clinton was pilloried for finding a way to duck the draft, a mark against him that all but defined his relationship with the Pentagon for the duration of his presidency. By contrast, Al Gore is credited with having gone, albeit in the relatively protected guise of the Army journalist, despite his objections to the war. The fact that President George W. Bush's father managed to keep him in country in a relatively cushy assignment at the Texas Air National Guard...
...still lose that vote. But he's no longer losing the confidence of investors. Yes, he turned bearish on stocks too early, but "he's ahead of benchmark," which is up 17% a year over six years, says Britt Harris, president of Verizon Investment Management, which has $1.5 billion with Biggs. "I know he struggled with his view," Harris adds. "To his credit, he stuck with...