Word: funds
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Dates: during 1980-1989
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Through her efforts, and through the media attention Hyland has been able to gather, a million-dollar Bicentennial Lighthouse Fund has been put into motion. It is the first "bricks-and-mortar" provision for historic sites to be enacted since President Reagan came into office, and it will all be directed to lighthouses...
...main difficulties in processing this fund will be determining at what level spending decisions will be made. Most of the control will go to the local communities--Nelson worries that it may be difficult even getting communities to apply for the fund. "We've learned that people are very possesive about their lighthouses; they don't like us coming in as strangers with outside money and ideas," she says...
...create a fund for poor tenants using two-thirds of the increase in city revenue caused when tenants buy their units, thus converting them into condominiums. This part of the proposition would impose a "means test" only to decide who should receive money from the fund...
RIDING A SMALL, FAST-MOVING VEHICLE. Anticipating the collapse, the managers of suburban Chicago's relatively tiny Mathers Fund moved 62% of its assets into cash in the months before Oct. 19. Then they plunged back into the market during the last 45 minutes of Black Monday and kept buying for nine days. Since then, their purchases have surged in value, helping to boost the Mathers Fund from $154 million in assets just before the crash to $201 million now. Its increase of 27% during 1987 was the best performance by any U.S. growth fund...
...price that the taxpayers will pay for too rapid financial deregulation and laxness in oversight is murky at this time, but, in the long run, will be staggering. Bank bailouts may well cost the taxpayers billions of dollars. Even though the Federal Deposit Insurance Corporation has a fund of about $15 billion to deal with banks in difficulty, this is not likely to be adequate to deal with the amount of trouble that could arise as a result of a serious recession and Third World-debt defaults. American banks have an exposure of close to $100 billion to Third World...