Word: break
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...talk about Reserve Primary Fund, which was the first of three funds at Reserve Management to break the buck. What Reserve announced was that because of investments in Lehman IOUs, it was worth 97 cents per share instead of a dollar. In other words, it was down by 3%. Not worthless. Down by 3%. Let's keep that in mind...
...however, there was an event in the normally unexcitable world of money-market funds. Because of a loss on Lehman debt, a money fund marked its share value below $1--sacrilege for an investment meant to be akin to cash. A mass redemption followed. If more money funds "break the buck," you may be tempted to move to FDIC-insured accounts. Just keep in mind that they might yield less, and only one money market has ever been liquidated...
...founded has lived on, and each decade has given it a different period savor. The 1990s produced slacker crack-ups like Girl, Interrupted and Prozac Nation. Now, in the 2000s, we have Hurry Down Sunshine (Other Press; 234 pages), Michael Greenberg's account of his daughter Sally's psychotic break, which she experienced at the tragically precocious...
While such a move certainly would be a cataclysmic break with Harvard’s past, it would also do a great deal of good. Public schooling needs a pick-me-up, and Harvard is uniquely primed to administer it. Many high-school students (and parents) dream of a Harvard education, and quite a few try to get a leg up by attending an elite private high school. If, however, they knew that a public-school education would offer a better opportunity, they would be likelier to remain engaged in the state system. A simple word from Harvard and similar...
...strikes into the tribal areas in the course of this month alone, the latest coming on Sept. 17 at a suspected militant training camp in South Waziristan. For all their insistence on sovereignty, the Pakistani army has not reacted militarily, nor has the government taken steps to break off diplomatic ties. Their only complaint, military analysts said, is over the use of ground troops. For the past six years, the CIA has routinely flown pilotless drones over Pakistan's tribal areas to collect intelligence and fire at select targets. Only when attacks have claimed large-scale civilian casualties...