Word: dollarization
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Dates: during 2000-2009
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...portfolio that grew to be worth $7 billion.After having gained extensive experience and knowledge of portfolio management during her first decade and a half at HMC, Mendillo departed in 2002 to take the top investment job at Wellesley, where she managed the school’s billion-dollar endowment. There, she implemented an investment strategy similar to the one used at Harvard, diversifying asset exposure and repositioning the portfolio for stronger long-term performance.But managing Wellesley’s assets likely never represented the full extent of Mendillo’s ambitions, and former Wellesley President Diana C. Walsh says...
...policy decision that has most influenced the union’s evolving approach towards the possibility of layoffs—“the big enchilada,” Jaeger calls it—was a March announcement that funding from the endowment, Harvard’s multi-billion dollar treasury, would decline by more than 15 percent over the next two years...
...played,” Cooper admitted.Out of all the players on the winning team, Kingston estimates that two or three had played the game before arriving at Harvard. He contrasts this with the current powerhouse rugby teams, who field teams comprised mainly seasoned rugby champs that practiced in multimillion-dollar facilities.The game itself has also evolved since 1984.“It was more of a gutsy and a hard hitting game versus the flowing and more technical game today,” Cooper said. “The bigger, tougher teams tended to win back then. That?...
...Geithner concluded his maiden journey to China as Treasury Secretary on Tuesday by meeting the two most powerful men in the nation that is the biggest creditor of the United States: President Hu Jintao and Prime Minister Wen Jiabao. The man whose name now graces dollar bills in the United States was, in effect, meeting his bankers. But if those two pressed the Treasury Secretary about whether their government's huge investments in the U.S. are safe - the way some of their colleagues "grilled" Fisher, Geithner's former colleague on the Federal Reserve Board - it's a secret. Indeed...
...been this high," Coleman wrote in his last fundraising plea. "Our ability to overturn this flawed recount process - and preserve checks and balances against the near total control of our government by Obama and the Democrats - rests in your hands." Likewise, the liberal group MoveOn.org in April started a "Dollar a Day to Make Norm Go Away" fund. "We're just one Senator short of 60 - enough votes to keep Republicans from blocking President Obama's progressive agenda," the group's letter said...