Word: cash
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...total value of Harvard’s debt increased by almost $2 billion last year as the University issued new debt to refinance old debt and to provide extra cash flexibility amidst sudden budgetary turmoil. As a result of the new debt, the University’s interest payments increased by $58 million this past year, the report said, from $146 million to $204 million...
...Even when his portfolio took a hit during the crisis, he maintained the ratio by investing more cash into stocks in order to compensate for what he had lost in the market decline. This “rebalancing” is Mankiw’s main active portfolio strategy. Otherwise, he says, he is relatively passive...
...into a corner for some time. Since I have contributed so many umbrellas to the great Karmic Circle of Lost Precipitation Inhibitors, I feel that I can justifiably take others that I find. It’s just like those little give-a-penny, take-a-penny trays by cash registers, except with the necessary element of forgetfulness...
...base that even many liberals admit is overreliant on the rich. The state's economy actually grew last year, but its revenues crashed because its top earners had lower incomes and capital gains. That meant sharp cutbacks, especially in education, which in California is unusually dependent on state cash. "We have an incredibly dynamic economy, but we'll still end up in federal receivership if our government can't pay its bills," says historian Kevin Starr, a prolific chronicler of the state...
...major Pacific port, Lázaro Cárdenas. In 2006, Mexican police seized 19 tons of it there and linked it to the owner of a Mexico City mansion where $207 million were found piled in mountains of notes - believed to be the biggest drug-cash bust ever...