Word: dollarization
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Dates: during 2000-2009
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...endowment created by him and his wife would cover only about $20 million of the institute’s annual $150 million budget, the rest of which would continue to be filled by federal grants. “So we made this $100 million bet, then a $200 million dollar bet,” said Broad, a well-known philanthropist whose net worth is just under $6 billion, according to Forbes magazine. “Now we’re making a $600 million dollar bet that this will be the place in the world where the greatest scientific discoveries...
...instead of spending more on financial aid. But he did praise a slew of financial aid increases last year from the nation’s wealthiest universities, including a $22-milion expansion at Harvard, as “self-correcting.” Harvard and other schools with billion-dollar endowments have fought efforts to legislate payout rates, saying that donor restrictions and inconsistent returns require more flexibility than a mandate would allow. “We must balance our use of its income to support the current generation against our duty to preserve its purchasing power for future generations...
...Well, in the early stages of Limbaugh's eminence, folks mangled his surname too. Not that Maddow is guaranteed to achieve Rush's power or notoriety - the 20 million weekly listeners, the zillion-dollar contract - but starting Sept. 8, she has at least a shot at correct-name recognition. That's when the 35-year-old assumes MSNBC's 9 p.m. hour, right after Keith Olbermann's popular Countdown. Radio's whip-smart, button-cute leftie (and utterly uncloseted lesbian) will have the sustained opportunity to sell her sophisticated views and perky personality to the political junkies of cable news...
...become, you know: a country of greed. I don't think that's what they envisioned, and that's why I'm such a complainer about Congress. I really believe Congress has been overwhelmed by greed, power and materialism. That's why we have a nine trillion dollar debt. Congress really is controlling everything. They can blame the president - and he has a lot to be blamed for - but the real blame goes to Congress. You've got 535 people in Congress, 100 Senators and 435 Representatives. Now, [my wife] Gena and I went to the House chamber last year...
...made this $100 million bet, then a $200 million dollar bet,” said Broad, a well-known philanthropist whose net worth is just under $6 billion, according to Forbes magazine. “Now we’re making a $600 million dollar bet that this will be the place in the world where the greatest scientific discoveries will take place...