Word: centralizes
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Dates: during 1990-1999
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Rudenstine is one of several administrators who have taken loans from what the University calls its Central Bank. The money originates as deposits to the central administration, made by the 10 schools, which receive interest on the funds. The central administration in turn invests some of those deposits, and it loans the rest back to the schools and to administrators, faculty and students...
According to Huidekoper, student loans account for the bulk of the Central Bank's lending, however, totaling nearly $250 million. Loans to faculty and staff total $65 million, and consist of mortgages, educational loans for faculty children and "personal loans...
...most of this century, hospitals were central in the teaching of young physicians," he said in a statement. "Today, with fewer inpatient admissions, shortened hospital stays, and more patients being diagnosed and treated in outpatient clinics, hospitals provide fewer teaching opportunities...
...central disagreement between the players and the owners was how to divide the $2 billion the NBA rakes in every year...
...Stewart takes over as host of Comedy Central's The Daily Show...