Word: cashes
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Dates: during 2000-2009
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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...
Each year, three lucky Harvard students cash in big—in the most unlikely of ways. The Visiting Committee Prize for Undergraduate Book Collecting doles out money and praise to undergraduates in order to, in their words, “recognize and encourage book collecting by undergraduates at Harvard.” Fifteen Minutes is tickled by this quaint and lucrative award (first place is $1,500), and, like Noah M. Silver ’10, we yearn to see our collection on display in Lamont. And so, Visiting Committee, FM humbly presents its own collection of 15 books...
Amount of liquid cash holdings, typically used only for daily expenses, lost due to risky investments: $1.8 billion