Word: burden
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Transportation costs are a massive burden on many student groups, and are often the limiting factor in determining in which activities students can participate. This additional funding not only will allow groups to engage with communities outside of Harvard, but will also serve a subsidy-like purpose in enabling undergraduates without money to spare to travel with their student groups...
...help get the credit markets rolling again. The idea, says Lundgren, is not to just give money, but "to get some ownership (in return), and eventually be able to get some revenue back." By taking a stake in its enfeebled banks, Sweden was able to minimize the taxpayers' burden in the long...
...high-minded for the scrappy political arena. In a country with a free press, after all, journalists are able to fact-check campaign advertisements and let voters know when claims are exaggerated or misleading. What does it matter if McCain says Obama would impose a new tax burden on middle-class families or if Obama claims that McCain proposed abolishing the Department of Education? Candidates lie, fact-checkers out them, and voters have all the information they need to make their choices...
...avoiding further moral hazard, the hefty bailout package will create nothing but more incentives for risky investors to seek sweet returns. This a tragic consequence of the package; but as long as Americans homeowners refuse to accept losses on home equity in the short run, they must face the burden of this bailout as taxpayers in the long...
...should be. As Gao Xiqing, the chief investment officer of China's $200 billion sovereign wealth fund, meets in New York City this week with Morgan Stanley CEO John Mack to discuss increasing the Chinese government's stake in the venerable - and flailing - investment bank, he bears an obvious burden. Last December, the CIC (the China Investment Corp.) invested $5 billion for a 9.9% stake in Morgan Stanley (for which the bank must pay CIC a 9% annual dividend until 2010). On paper, that investment is now down more than 25%. Worse, Beijing paid $3 billion for a piece...