Word: gap
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...would ever be able to afford to reduce their carbon emissions at the rate scientists believe is needed to avert dangerous climate change. (Rich nations are another matter, but it is developing nations like China and India that will be responsible for the bulk of future carbon emissions.) The gap between the world's ambitious goals to cut carbon emissions in half by midcentury and the reality of where it is now seems to grow every day. (See TIME's special report on the environment...
...current model of endowment development, which is highly dependent on alumni-giving, further widens the gap between richer and poorer institutions, because wealthy universities tend to engender wealthier alumni who can give a bigger pay-back. As non-profits, universities are unbridled forces on the stock market. With no obligation to plow resources back into federal and local services, or even to spend a fixed percentage of earnings, these universities vacuum up philanthropic impulses without creating widespread good...
...projection of a 30% decline in our endowment presents the FAS with a substantial financial challenge. To help address this challenge, we will need to draw upon our endowment at a higher spending rate than we have historically. Even with a higher spending rate, we still face a large gap in funding. Based on preliminary estimates, we need to plan for a cost reduction of $105 million to $125 million relative to this year’s (FY2009) budget. In other words, even if we do not take on any incremental expenses (such as a salary increase for existing faculty...
...buttress their balance sheets. Since consumers and businesses are so starved for credit, the banks that do want to lend the money forward are finding some ability to charge rates at a greater premium to prime, says Koch, but that doesn't necessarily make up the entire gap. Banks in general are still spooked by loans gone bad and nervous about lending to individuals and businesses without top-tier credit scores...
...they were a different team and they beat us 7-4. Unfortunately, in sports stuff like that happens.”One word sums up the third period: penalties. First, sophomore Ryan Carroll took Hoyle’s place in goal. The Harvard offense, desperate to close the gap, tore into UND with solid passing between juniors Alex Biega and Doug Rogers and a close shot on goal by sophomore Pier-Olivier Michaud. But the mood in the arena shifted after the Fighting Sioux found an opening at 9:24, and Ryan Martens popped the puck into the left corner...