Word: grosse
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...grant from MASA, an Israeli program that helps students find jobs, internships, and study abroad opportunities in Israel, said AEPi member Fabian A. Poliak ’11. “Israel is an important place for Jewish people,” said AEPi President Samuel M. Gross ’10, explaining why he valued the celebration of Israeli Independence Day. “It’s great for people who go for so long without land to finally have their land.” Jason W. Schnier ’11, the chair of Harvard College Progressive...
Under the original plan, mortgage servicers were paid to reduce homeowners' monthly payments to as little as 31% of gross income - but that only covered first mortgages. This seriously alarmed some investors in mortgage-related securities, since many second mortgages are owned by the same companies that service the loans. The companies were essentially getting paid to trim the amount owed to outside investors while not necessarily taking a haircut themselves...
...dollar, making it one of the worst performing currencies in Asia so far this year. And, if this drumbeat of economic gloom weren't enough, the Singapore government has repeatedly revised its economic growth projections, growing more vigorously pessimistic with each try. It now expects Singapore's gross domestic product to shrink by up to 9% in 2009, which would likely be the sharpest contraction in Asia this year. (See pictures of the global financial crisis...
...firms had reduced salaries by December. In February that figure was up to 7%. And the proportion of companies shortening the workweek - a way to cut overall pay for hourly employees - jumped to 13%, from 2%. "Six months ago, all the questions I got were about severance," says Steve Gross, who runs the employee-compensation consulting group for the HR outfit Mercer. "Now - including twice today - I'm getting questions from companies saying, We want to reduce wages, and we're thinking of reducing hours." (Read "As Layoffs Mount, Severance Packages More Negotiable...
...cases, investors can't write off as much as they might think. Among the restrictions: you must completely liquidate your account in order to claim a loss. You have to claim it as a miscellaneous deduction, which means you can only deduct losses that exceed 2% of your adjusted gross income (AGI); other miscellaneous deductions can include IRA losses and fees paid to a financial adviser. So if your AGI is $100,000, for example, and your 529 lost $8,000, you'll get a $6,000 write-off at most. Perhaps most important, you can't claim...