Word: bonding
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Dates: during 2000-2009
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...most crucial interest groups will be Wall Street. But where, precisely, is its interest? The general assumption has been that investment firms stand to gain a windfall from money that would flow into the new accounts. At the other end of the Street, the bond market could turn thumbs down on the grounds that trillions in new government borrowing would hurt the economy, raise interest rates and make the dollar suffer. But both assumptions may be overblown, financial experts say. Though University of Chicago economist Austan Goolsbee has estimated that the financial-services industry could reap $940 billion in fees...
...Meyer’s departing associates, David R. Mittelman and Maurice Samuels, have consistently led the management company’s copious and oft-criticized payrolls. The pair of bond managers, whose stellar returns have served as the backbone of the endowment’s recent surge, pulled in $25.4 million and $25.3 million, respectively, last fiscal year...
...management company has already been plagued by intense scrutiny since announcing that bond managers Samuels and Mittelman had earned $35.1 million and $34.1 million, respectively, in fiscal year 2003. A committed group of alumni and students objected to those salaries, arguing that compensation of that magnitude was inappropriate in an academic setting...
...just as the N.A.A.C.P. has recovered its financial health, it is being investigated by the Internal Revenue Service. The IRS is reviewing the group's tax-exempt status on the grounds that it engaged in partisan politics, a no-no for nonprofits. N.A.A.C.P. chairman Julian Bond, who has accused the Bush Administration of drawing its "most rabid supporters from the Taliban wing of American politics," calls the probe an attempt to silence the group. "We're not going to allow any institution to prohibit us from fighting racism," he says...
...live together off the ice, we’re great friends, we take the same classes, so I think we’ve just developed that bond,” Du explained, “and when we get on the ice, we kind of click out there...