Word: bondses
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Appreciation has increased the stock percentage to about 70 per cent, and--unlike many other bond-heavy universities--only 15 per cent of the endowment is now tied up in bonds. Although both markets are reaching new daily lows because of a skyrocketing prime lending rate, the drop in stocks...
The University's endowment is suffering slightly because of the steady decline in the bond market since December, but the drop will not prove significant since Harvard sold many of its bonds in October.
He added that although "this has probably been the worst three-month period for bonds in history," bonds now constitute about 15 per cent of the University endowment.
ONCE AGAIN, the French Communist Party (PCF) hobbles back to its ghetto. In fear of losing its ideological legitimacy, the party opts for political impotence in reaffirming its bonds with Moscow. The party's official endorsement of the Soviet offensive in Afghanistan precludes all possibilities of a union with the...
Robbins' method of integrating movement with every other theatrical element (including sets and lighting) has influenced nearly all the hit musicals now on Broadway. Indeed, Choreographers Michael Bennett (A Chorus Line) and Patricia Birch (Grease, They're Playing Our Song), as well as Director Martin Charnin (Annie), worked...