Word: institutionalizing
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As a non-profit institution with a long-term horizon, Harvard can afford to take relatively low-impact steps to address its budget shortfall. So far, Harvard has not had to follow the lead of the market in issuing a shower of pink slips. However, Harvard is far from immune...
Hartigan says that he began his work as an effort to force banks to change the way they process foreclosures, but the motivations for fighting a faceless institution and assisting clients with faces, families, and frustrations are different.
The Chinese leadership's annual work meeting on economic policy concluded Wednesday with a note of triumph. The country's steady growth has "demonstrated the overall national strength China had built over the past three decades, proved the correctness of socialism with Chinese characteristics and justified the advantage of a...
That success has drawn international admirers. Parlaying the benefits of innovation and research clusters into cleaning up inner city areas is "smart economically, and sustainably, since densely built cities use less energy and generate fewer greenhouse gas emissions," says Bruce Katz, director of the Metropolitan Policy Program at the Washington...
So how could someone else offer a higher rate? Chances are, the bidder wasn't looking to make a profit - just trying to inject liquidity into the institution's balance sheet - or was pursuing riskier investments in order to make the transaction make sense. "When a bank chases yield, they...