Word: dollarization
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Imagine you are a successful alum several decades out of Harvard or a similarly prestigious institution. You have a few million dollars that you want to give to charity. Where would your donation go? For a high proportion of today’s ultra-rich, the answer to that question is one’s alma mater, along with cultural institutions like museums, symphonies, or operas. It’s not hard to see why—in addition to altruistic motives, the rich reap benefits from giving to these types of organizations. For instance, the benefits of being...
...percent bullshit.” What tact. It’s not surprising that students are mourning the end of the party grant days (free-flowing booze is a good time indeed) but the vitriol reaction toward Pilbeam’s announcement is bizarre. The University is a multibillion-dollar corporation subject to the rules and regulations of the United States, Massachusetts, and Cambridge, all of which enforce the legal drinking age of 21. Through the party grant, the College knowingly funds such illegal activity, albeit indirectly. It is completely reasonable that the higher-ups at Harvard might wish...
...PHUKET: Private pools at the 39-villa Trisara resort come as standard, if that's any indication of the cosseting on offer. For a proper splurge, however, book Trisara's top-dollar escape. For $35,000, you'll be waited on hand and foot at a seafront three-bedroom hideaway for five nights, before boarding a three-cabin luxury yacht, which counts a spa therapist and chef among the crew. You'll then be taken on a one-night cruise around Phang Nga Bay, Krabi and Phi Phi, anchoring at Maya Bay - a location for the Danny Boyle movie...
...painful reminder that we are losing our democratic freedom of religion, speech and the press and are moving toward a dictatorship in which organized religion controls what we hear and see. Next, the Catholic League will censor the media from reporting sex crimes by priests and the resulting multimillion-dollar lawsuits. Alton Hardman Altus, Okla...
...those reasons, Naudé predicts U.S. policy will eventually move to buck up the dollar against the euro and other currencies once again. Just don't look for that to happen any time soon - or as a result of European pressure...