Word: dependance
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...dozens of other firms selling research are much smaller, and have come to depend on the nearly $90 million a year the investment banks have been plowing into the system. When that money stops, "you're going to see a lot of these smaller firms either consolidate or dry up and go away," says James Gellert, CEO of the ratings and research outfit Rapid Ratings International, which sells its research through the settlement...
...uncommon education for the common man." But many are starting to wonder if that mission is still possible. And Michigan is not the only public university in crisis. As states across the country face budget shortfalls, leading schools like the universities of Wisconsin, North Carolina and Virginia increasingly depend on support from outside their home states, either in the form of philanthropy or in top tuition rates paid by a growing number of wealthy out-of-state students. The result has already been a quasi-privatization of some of the nation's top research institutions and the economic stratification...
Daniel Halperin, an HLS professor who specializes in tax policy and non-profit organizations, said that an evaluation of the proper tax treatment for the income would also depend on whether Harvard’s share of the management fees is collected from regularly conducted trade or business, and the reasons why Harvard is making special arrangements with the money managers. He added that resolving these issues conclusively is difficult without access to more detailed information...
...This week's positive results, which had been anticipated by a monthlong rally in bank stocks, are certainly better than last year's multibillion-dollar losses. But bank earnings are extremely sensitive to assumptions about the future, and whether the banks are actually on the road to recovery will depend to a great extent on how the economy performs in the coming months. That said, there are a few dumbed-down lessons that can be taken from the earnings news thus...
...abandoned,” Williamson says. With a lack of support for her musical endeavors, Williamson took the self-motivated route and became a pioneer of independent music. “I like it. It’s freedom. You don’t have to depend on the big boys—and they’re boys, all right,” she says, alluding to the male-dominated mainstream music industry that unsuccessfully manipulated and ultimately rejected her in the 1970s. Highlights of Williamson’s trailblazing music career were shown last Wednesday at a free...