Word: fund
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Dates: during 1990-1999
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Officials at Wisconsin's flagship university have urged the high court to rely on a ruling involving the University of Virginia four years ago. In that case, the justices said the school breached the First Amendment by refusing to provide funds for a student Christian magazine even though it subsidized nonreligious student publications. The court ruled that when a university sets up a general policy for disbursing student activity funds, that fund becomes the equivalent of a public forum, and the university must subsidize secular and religious publications on the same basis...
...take heart. You aren't the only one dumb enough to bet on a great company during a period of unsettling sales growth and a Fed turned hostile to higher stock prices. If you haven't taken a hit in your personal portfolio, you can bet that your mutual-fund managers have their own shrapnel collection...
Cramer, a hedge-fund manager, writes for theStreet.com He is long on Intel. This column should not be construed as advice to sell or buy stocks
BLUE-SKY INVESTING Your mutual-fund manager may start betting on the weather, literally. This month two energy firms are expected to issue some $100 million in "weather bonds," whose returns are based solely on average temperatures. These new bonds, rated in the BB range, allow weather-sensitive businesses--utilities, ski resorts--to hedge against losses caused by extreme temperatures. If Mother Nature behaves, holders can expect 10% to 30% returns; but a mild winter or scorching summer could melt profits and principal. On another front, the Chicago Mercantile Exchange started trading weather futures in September. Along with pork bellies...
...church's stewardship committee called upon Harvard alumni and the 350 members of the congregation to raise over $1 million, which helped to fund renovations for both the shelter and the church...