Word: bond
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Dates: during 1980-1989
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...after 160 intervening pages of pablum, Vigeland offers a wonderful description of hijinks at the Harvard Management Company, the University's downtown moneymen, and their star, $240,000-a-year trader Bing Sung. Vigeland humorously captures the irony of stock- and bond-traders shouting at each other, manning three telephones at once, pioneering new kinds of financial deals--all for the benefit of the world's stodgiest university...
Cuomo loathes labels, deriding them as "one-word summaries of an entire philosophy." He challenges anyone to define him. "How about the money we spent on prisons?" Cuomo asks. He has built more than 6,000 new cells. "Is that liberal or conservative?" He cites his $1.2 billion transportation bond issue. "What about all the work we've done on highways, roads and bridges?" His voice rises. "Is that liberal? Maybe it's conservative." He has balanced New York's budget but has appropriated more money for the homeless than any other state. "Tell me," he says, as if cross...
...learns the boy has sampled heroin, he aims a loaded gun at his offspring, then at himself. Cuba is less angry about drug use--he snorts cocaine all the time--than at his son's turning to anyone but him for life's experiences. An eerie, subliminally sexual bond of dominance pervades this womanless household, with the boy serving as a submissive valet, an Edith Bunkerish wife. Macchio, in a brilliant stage debut, sustains that disquieting relationship. Yet he renders Teddy as a talented and basically normal kid, reconciled to the fact that his father may love him but will...
...attention from faculty members is what accounts for the department's open and supportive environment, Abrams says. In studio courses the student-faculty ratio is about 15 to one, and by working with a faculty member intensively on a project over a long period of time, she says, a "bond of understanding and mutual growth is established within each class...
...Haven school, with the nation's fourth largest endowment, runs its money with a combination of both internal and external management. Eight outside managers play the stock market for 75 percent of Yale's funds, while a 15-member in-house investment team directs real estate and bond management. Swenson says that Yale's endowment "is generating a high return by hiring outside firms with expertise." Yale's endowment climbed at over 23 percent last year, at about the same rate as Harvard's funds. Yale will not be managing more of its money internally in the foreseeable future, says...