Word: fractionating
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...between the affluent and the middle class, why should spurring even more growth by unfettering capitalism be expected to narrow the gap? It's the most fettered capitalist economies that have kept that gap the narrowest. Virtually all European countries have higher taxes than the U.S. (as a fraction of economic output) and higher income equality...
...says Chaumet sold watches and jewelry at inflated prices to a shell company in Switzerland called Lausanne Investments; he says the sales allowed Chaumet to get poorly selling merchandise off its books without showing a loss. (Thousands of watches were later sold to dealers in the U.S. at a fraction of their inventory value, according to sources with direct knowledge of the transactions.) Chaumet's 1993 and 1994 financial statements, filed in a French commercial court, refer to the company's transactions with Lausanne but do not reveal who owned or controlled...
While 100 students operating under unfair conditions amount to but a tiny fraction of the 1.8 million who take the exam each year, there is a broader concern here about the only truly national college-entrance test. Indeed within the national pre-college community there is an almost reverential attitude towards the SAT. It goes unquestioned that colleges want you to have scholastic aptitude--whatever that is--and the SAT tells you how much of it you have. But is that the end of the story...
...tremendous effort through the 21st century. "We have been given a great responsibility," says James Cuno, Director of the Museums, "as we seek to ensure the future of this outstanding institution, the accomplishments of our predecessors...require of us a selfless commitment."Crimson File PhotoVisitors take in a mere fraction of the Fogg's vast holdings...
Since the patents are held by Harvard, Cambridge Biotech must pay royalties from the sale of those patented products to the University. And under a distribution agreement within the University, Lee, as the co-inventor, receives a fraction of the royalties...