Word: fund
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...market's high end, new funds have launched to capitalize on the opportunity to diversify into fine instruments. Florian Leonhard, a London-based violin expert and dealer, is gathering more than $50 million for the Fine Violins Fund, aiming to buy as many as 50 old Italian instruments. Leonhard isn't alone in his confidence in the market. Emigrant Bank Fine Art Finance lends large sums of money using violins and cellos as collateral. And former concert violinist Staffan Borseman has established Stradivari Invest to advise big investors on the purchase of top instruments...
...three House chairmen anticipate providing a new small-business tax credit to help others. It also includes a "pay or play" provision: those businesses that do not provide benefits would be forced to pay some percentage of their payroll - 5% or 6% is being talked about - into a fund for the uninsured. And it would prohibit insurers from discriminating against people who have preexisting conditions, or because of gender or occupation. Private insurers would be allowed to vary the premiums they charge - within limits - according to the age of the person being insured...
...third of all Gabonese still live on less than $2 a day, and as the oil fields begin to dry up, Bongo's subjects are facing up to the reality that he sacrificed the country's future to fund his own fantastically opulent lifestyle. The government has made no effort to build alternative industries that might replace oil when it runs out. Yet at the time of his death from cancer, in a clinic in Barcelona, Bongo was facing French allegations of embezzling hundreds of millions of dollars in public funds. (See pictures of Africa...
...uncommon for commercial groups to bankroll research that bears directly on their business; pharmaceutical companies fund drug trials all the time, for example. No matter how rigorously the research is conducted, however, the risk always exists that researchers' objectivity may be tainted by their backers' agenda. But Ackerman insists this is not a concern with his and Kanfer's work. The data from the study, he says, remained the property of Georgia Tech, not the College Board, and the two groups signed a contract in advance in which the school retained the rights to publish the results no matter what...
...convictions, four families of people who died in Omagh launched a civil action in 2000 against the Real IRA as an organization as well as five individuals they believed were chiefly responsible for the bombing. Using their own savings, donations and legal aid, they raised about $2.4 million to fund their case, with more families coming on board later. Their subsequent claim for more than $15 million in damages was based on the long-term psychological impacts of the atrocity - posttraumatic stress disorder, depression and alcoholism - which continue to affect many of the victims' family members. Given their disappointments...