Word: funds
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...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...
...began developing a new program to meet the “need” left by the abrupt termination of the old party grants, according to UC President Andrea R. Flores ’10. “People really feel the absence of the party fund,” she said.The Social Grants Act was approved in April and included many of the same restrictions carried over to the current proposal in order to appease many of the administration’s concerns, former UC Finance Committee Chair Sundeep S. Iyer ’10 said...
Cognizant of the delicate nature of funding social events where alcohol is likely to be served, UC members said that the current SIP Fund proposal is fundamentally different from the 2007 party grants fund...
Although the meeting resulted in a postponement of final decisions, Nelson said that she is keeping an open mind about the SIP Fund...
...alumni and other philanthropists should understand that, in times like these, Harvard has a very real need for resources to fund what in better days might have seemed like basic components of the collegiate experience. As unglamorous or as impersonal as giving unrestricted funds may seem, we hope the Harvard donor network understands the gravity of the university’s current situation...