Word: dollarization
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...legislators outside of Washington. Three months after Grassley sent his questionnaires, a Massachusetts state representative—building on the senator’s contention that universities are hoarding wealth—introduced an amendment to the state budget that would impose a 2.5 percent annual tax on every dollar of endowment in excess of $1 billion. The amendment did not pass, but has been submitted to the Department of Revenue for further study...
...know these men as psychopaths, and perhaps they are. They believe in sensuality, not sense; in thrill, not mere experience. Beauty is physical, and they think the world owes them a living—a free beer, a pat on the back, easy sex, and a wad of twenty-dollar bills. Responsibility has too many syllables and love is a dirty word. Ginsberg makes a disappointing Rimbaud...
...enjoyment from the meal higher. We can even push the pain of paying to a more extreme level. Imagine that when you step into the restaurant the waiter tells you that the average diner eats about 50 bites and spends about $50 in this restaurant, making it a dollar per bite. He further informs you that today they have special deal of $0.5 per bite, and that a waiter stands a few feet from your table will watch you and mark every bite you take so that the end of the meal they will only charge you for the number...
...While many undergraduates might feel more allegiance to New York or California than Massachusetts, machinations in the Bay State government have more influence on our academic lives than we might imagine. A Patrick-sponsored $1 billion dollar life-sciences bill would allocate money specifically to Harvard for stem cell research, and hopefully encourage the retention of junior faculty in the sciences. Currently pending in the state legislature, this would serve as a boon to Harvard, but other proposed legislation has threatened the autonomy of the University in the past year...
...While his remarks were short, Summers seemed to enjoy his celebrity, spending several minutes after the event greeting well-wishers, taking photos, and accepting thanks from seniors and their families. At one point the former treasury secretary was asked to sign a dollar bill. He obliged...