Word: fee
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Dates: during 2000-2009
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...aren’t sustainable without their original driving forces.Most importantly, Harvard has a small and limited amount of grant money, most of which is distributed by the Undergraduate Council (UC). Aside from the boost in the UC’s budget due to last year’s fee hike, McLoughlin says there has been little growth in total grant money while the number of student groups has gone through the roof. If you do the math, the result is quite striking; the UC had about $213,500 to give out last year, but there are so many groups...
...largest annual fiscal budget in history last night—totalling just less than $409,000—after a controversial line item allocating $15,000 to website redevelopment was removed from the bill. The budget increased even as the number of students opting out of the termbill fee rose from 15.9 percent to just under 25 percent, according to UC President Matthew J. Glazer ’06, because the amount of the fee also increased from $60 to $75. The allocation of $15,000 for a new website, which was included in the initial budget proposal sent...
...bring the model online elsewhere, circumventing the traditional banking industry? That's the idea behind zopa.com a Web-based lending and borrowing exchange that connects those who want to lend with creditworthy people looking to borrow. Zopa serves as the platform, like eBay. The borrower simply pays a 1% fee to Zopa up front. Members have to be at least 18, have a credit rating and, for now, live in Britain. Zopa plans to open in the U.S. in 2006 and has had offers to take the service into more than 20 other countries. Over 30,000 members have signed...
...year. "I get tired of the same purse," she says. "I like flexibility." Instead she rents from Bag Borrow or Steal (bagborroworsteal.com). Just over a year ago, Lloyd Lapidus co-founded the company, which lets online shoppers borrow designer purses, from Baby Phat to Versace, for a monthly fee. He hatched the idea with brother-in-law Greg Pippo after watching his mother, wife and sister Stacey prospect for handbag loans in one another's closets...
Compared to this alternative, the price that Harvard pays for HMC to manage the endowment looks like a steal. In fact, Meyer told The Crimson that, for last year’s compensation, Harvard paid out a base fee of .26% plus incentives (positive or negative) on the nearly half of Harvard’s endowment that HMC manages. Given the disparity between the market rate and HMC’s rate—the first nearly double the second, according to Meyer—alumni have no basis for complaining about the salaries paid to HMC?...