Word: fruited
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...Overripe Fruit. The political maneuvering took place in the midst of a crumbling military situation. The Communist forces continued their methodical cutting of the five major highways leading to Phnom-Penh; almost as soon as government troops open one road, another is closed. Diplomats, however, ruled out a Communist attempt to overrun the capital. "They don't want to capture it," one observer said. "They want to create such economic chaos that there will be riots-and then the Lon Nol government will fall like an overripe fruit." In the city itself last week, prices continued to rise...
Today, though, the Sabras-who take their name from the sweet-centered prickly-skinned fruit that thrives in Israel's desert lands-account for half of the 2,600,000 Jewish population. More important, their attitudes, ideas and experiences differ profoundly from those of their parents who were born abroad...
Later in the morning there is a surge of traffic in the other direction as shoppers from Kfar Saba and other Israeli towns pour into the Kalkilya market to buy vegetables, fruit and textiles, which cost 20% less than comparable items in Israel. One Arab merchant, when asked if he had been able to make any Israeli friends, smiled and said: "Oh yes, I have many Israeli friends. They come and buy in my shops every week...
...analogy that may help clarify Harvard's reasons for its investment policies could be made between the endowment and a fruit-bearing tree. "Income" would correspond to the fruit, while capital gains would correspond to the growth in the size of the tree. Under Harvard's investment policies, only the fruit is allowed to be picked and sold for money to cover current university expenditures. The additional growth of the tree, in terms of new branches and height, should not be chopped off and sold for firewood because if this is done, the amount of fruit will not increase next...
...this analogy is loaded in favor of the current investment policies that Harvard practices. Although fruit and branches are distinctly different substances, "income" and "capital gains" are really the same thing -- money. The decision to keep capital gains in the endowment and to define usable income as dividends and bond interest is basically a matter of conservative financial habit, not of any accepted pattern of economic rationality...