Word: funded
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Dates: during 1980-1989
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...council, it seems, had received a request from a club to fund a visit to Harvard by Ella Grasso, the first female governor of Connecticut. But even the student government of mighty Harvard did not have the resources to bring her to Cambridge...
...year, he balked. "You know," Mathias observes, "Barry Goldwater said a couple of years ago that all of this money is a crisis of liberty. That was the phrase he used and it is not overstating it. It has gotten so pervasive that the Senate schedule now adjusts to fund raisers...
...this does not necessarily mean that individuals are getting out of the stock market entirely. Instead, increasing numbers of Americans are returning as institutional investors themselves, in the form of shareholders in mutual funds. Nearly half of the 47 million U.S. households that own stock now do so through mutuals. In the past two years alone, the number of mutual-fund shareholders increased by 2.7 million. Says James Van Horne, a professor of finance at the Stanford University Business School: "Individuals increasingly are becoming indirect stock owners." One of them is Bill Blankemeier, 31, a regional sales manager...
...with the machines as they trade according to their preprogrammed instructions. Always aware of the latest stock quotations, the computers adjust their own prices accordingly. On average, Batterymarch pays only 2 cents to 3 cents in brokers' commissions per traded share, less than half as much as other major fund managers...
Last year's show raised a record $105,000 for the Jimmy Fund and organizers say they hope to do even better this year...