Word: collectables
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...soft money paid to political parties this election season. The sheer scale of the unregulated donations belies the American commitment to government of, by and for the people. The proposal sponsored by Senators John S. McCain (R-Ariz.) and Russell Feingold (D-Calif.) would prevent the parties from collecting and spending on behalf of their candidates the billions in soft money that would be illegal for candidates to collect and spend themselves. The American people have repeatedly called for an end to money's chokehold on the political process, and bipartisan majorities support the bill in both houses of Congress...
...like Cravath spurn suits like these, which run against the interests of their corporate clients. Firms like Boies, Schiller & Flexner, new enough to be free from such conflicts, do not. From last year's settlement of a case involving price fixing in the vitamin market, Boies, Schiller stands to collect a fee of $40 million; from this year's auction-house case, the firm could take in $25 million. And as you might imagine, all partners at Boies' firm are not created equal...
...worth noting that this same process led to outstanding results in the Canadian Rhodes and British Marshall Scholarships competitions this year. The Crimson's headline last Monday said Harvard had been "shut out" this year, an approach that seems wrong. Rhodes Scholarships aren't simply prizes that schools collect, but opportunities for students. As U.S. Rhodes Secretary Elliot Gerson '74 told The Crimson, "We choose individuals, not colleges." I appreciate the disappointment our U.S. Rhodes candidates may feel, but I hope we will all take the success of our Canadian Rhodes and British Marshall winners as a true measure...
...burden on students and on the hall treasurers who have to go around and collect money," says Pforzheimer House Treasurer Juan C. Nieto '01. "And we were under the impression that other Houses were getting rid of House dues...
...spread is 6,700 to 6,710. You think it will be a bearish market, so you sell at 6,700, at $15 an index point (the bet amount can, of course, vary). The market does indeed drop 150 points, to 6,550, and you collect $2,250 in the example. But if the market goes up, your losses could be just as dramatic. Losses, however, can be kept to an agreed-on-in-advance limit, and whether you're winning or losing, you can close your position at any time...