Word: dollarized
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Dates: during 2000-2009
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Harvard Management Company—which oversees the University’s multi-billion dollar endowment—announced a new managing director of real estate investments Tuesday, after the position had remained vacant for over a year. Daniel W. Cummings, a former managing director at private equity titan The Carlyle Group, will join the Company at the end of June. The appointment comes at a crucial time, with University officials scrambling to adjust budgets to accommodate a projected 30 percent drop in the endowment for the fiscal year. HMC’s previous director for real estate, David Ferrero...
...unlike a static landmark, the nature of Espada’s presence in Harvard Square has evolved over the years. From handing out fake dollar bills with the addresses of 9/11 truth movement Web sites—while wearing a horse mask—to adopting the subtler approach of sitting outside with his poster, Espada remains a symbol of dissidence in Cambridge...
...Stossel says such incidents are rare. And in keeping with his contrarian positions, Stossel says he has few qualms about less extreme forms of ghostwriting, in which big pharmaceutical companies hire professionals to write a draft of the findings from multi-million dollar clinical studies...
Harvard Management Company—which oversees Harvard’s multi-billion dollar endowment—was plagued by a culture of ethical laxity, Rose said. Special relationships with funds run by former employees and the use of offshore investment companies—both used to boost HMC’s once-legendary returns—may not be illegal, but are considered to be ethically questionable by some, particularly in light of Harvard’s non-profit status...
...made a backroom deal with Chávez's government to handle some of the revolution's murkier financial transactions, such as more than $1 billion in Argentine bond swaps, or the handling of hard currency between Venezuela's official exchange rate of about 2.15 bolivares to the U.S. dollar and the quasi-legal black-market rate of almost six to the dollar. Vargas has long denied the accusation, insisting he's not part of the "boli-bourgeoisie" (named for Chávez's Bolivarian Revolution) that got rich cozying up to Chávez while oil prices skyrocketed...