Word: consortiums
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...first of the new setbacks occurred last July when the Washington Public Power Supply System, or WPPSS (more widely known by the satiric sobriquet of "Whoops"), defaulted on $2.25 billion worth of bonds. The consortium of 23 electric companies, which had postponed or canceled construction of four of its five proposed nuclear power plants, had sold the securities to help finance two of the facilities. The WPPSS default, the biggest municipal bond failure in history, shook financial markets and raised questions about the ability of utilities to manage nuclear plant construction...
Although the possibility has emerged of several Harvard hospitals together starting a heart transplant program, as four have already done this fall to coordinate liver transplants, a spokesman for BWH yesterday said it was unlikely that the hospital would join such a consortium...
...glittering $11.7 million, the highest auction price ever paid for a work of art. The pristinely preserved, 13½-in.-by-10-in. medieval masterpiece contains more than 1,500 exquisite illustrations and 41 full-page miniatures, but its value is not merely aesthetic to its new owners, a consortium of buyers that included the West German government. The acquisition, says Banker Hermann Abs, who led the consortium, means that "future generations will know the good side of our history-its more noble moments-and not just the horrible days of the recent past...
Because the consortium did not raise its projected $30 million goal, funds and technical advice will only be given to several as yet undermined model schools. Schiffer added. The group also plans to hold conferences to discuss educational issue and examine the results from the model schools...
Patricia A. Graham, dean of the Ed school yesterday praised the new consortium. "It makes sense to talk about important issues at the higher education level and not just [public] education." Graham added that she was consulted by officials planning the consortium...