Word: faithful
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Dates: during 2000-2009
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...Harvey Cox, who recently retired as the Hollis Professor of Divinity, the oldest endowed chair in America, decided to exercise the traditional grazing rights that originally came with that position. As I watched Professor Cox and the Jersey cow named Faith reenact this venerable, and now slightly amusing, tradition from a window in University Hall, it seemed that he had provided the perfect metaphor for the purpose of the endowment...
...endowment is like a herd of dairy cows, grazing just like Faith in Harvard Yard. Each day we milk the cows and sell the milk to help pay the bills of Harvard College...
That said, it would be naive to move into an overly conservative strategy in the wake of the losses of the past year. HMC managers were extraordinarily successful before 2008, and one bad year should not collapse our faith in their investment acumen. In the 10-year period ending in fiscal year 2008, the Harvard endowment outperformed the median institutional fund by 7.7 percent per year. Had it earned the median institutional fund rate, endowment assets would have been $23.5 billion less. Moreover, Harvard’s money czars are far from alone in their shortcomings this year. Yale?...
...adultery and whipping for homosexual activity. People caught having premarital sex could be subjected to 100 public lashes. The new laws are the strictest in the nation. Although Indonesia is overwhelmingly Muslim, most of the country's citizens are committed to a far more moderate form of the faith...
...bill to fix the financial sector, and they start with pride. "At 75 years old this is probably the last major thing he'll participate in," says one senior GOP Senate staffer. Democrats in the Administration and on Capitol Hill say they believe Shelby is negotiating in good faith. (Read "Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan...