Word: bolsterous
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During December and January, Harvard completed a $2.5 billion bond offering to bolster its cash reserves, as well as to refinance riskier forms of debt. Several media outlets have suggested that the University held insufficient cash reserves, and Forbes magazine wrote that Harvard had found itself in a "cash-raising panic" in the midst of the economic recession...
Even so, there's nothing quite like a visit by the U.S. President to bolster Russia's status in the world. Moscow got an unexpected reminder of Washington's clout in its backyard when Kyrgyzstan announced on June 23 that it would renew an American lease on its air base in Manas, a critical transshipment point for U.S. and NATO military operations in Afghanistan. That decision was a victory for the Obama Administration: just four months ago, the Kyrgyz government had said that the U.S. military had to go. More broadly, Moscow's ability to project its power has been...
...projected increase in sales tax revenue, $275 million will be used to bolster the state's transportation network and stave off planned toll increases on the Massachusetts Turnpike. While another $160 million will be allocated to the Massachusetts Bay Transportation Authority, the agency recently announced that it will also recommend a package of subway fare hikes to be implemented in the next few months that would raise $69 million a year. The combined tax increases are expected to raise over $1 billion in revenue for the state each year...
...promises the most significant change. The E.U.'s approach is understandable. If you want to protect European investors, it's no good regulating domestic fund managers if those selling to investors from outside the region aren't obliged to respect similar rules. But while U.S. efforts are underway to bolster the policing of hedge funds - and the meaning of equivalent regulation is still to be defined at the E.U. level - as it stands, "regulatory equivalence between the United States and European countries does not exist," says Andrew Baker, CEO of AIMA. "As of the date of introduction of that measure...
...struggling. Now the government is stepping in to try to keep Russia's artisanal traditions alive. Earlier this year the Russian government announced that it would buy $28.4 million worth of nesting dolls (called matryoshka in Russian), lacquered dishes, crocheted shawls, felt caps and other quintessentially Russian knickknacks to bolster the industry and try to protect the livelihoods of some 30,000 workers at around 240 companies. (See pictures of Russia celebrating Victory...