Word: interest
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Dates: during 1970-1979
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That's a grimmer prediction than most people at Harvard want to hear, but the rough figures bear it out. If the Faculty leaves the campaign with $150 million earned, and makes five per cent interest on that money, it will earn about $7.5 million annually from the new money. But five years from now, by the campaign's end, the Faculty budget will most likely have reached a whopping $100 million. If inflation remains 13 per cent, the extra $7.5 million will have cushioned the Faculty surprisingly little. In fact, the years of administrative planning and fund-raising work...
...match potential buyers with his latest acquisitions, he installed a sophisticated computer system in the 172-year-old building that housed his gallery. He hired his own broker, trained by Merrill Lynch, to handle his sideline interest in commodities and foreign-currency trading. Said one of his admiring associates: "When I looked into his eyes, I saw a gentleman and a sensitive soul...
...informal hints, to let it be known that it was ready, nay eager, to start talking. Thus the better part of our first year was spent in convincing both the Soviets and our own bureaucracy that we intended to base our negotiations on a calculation of the national interest, not abstract slogans, and on strict reciprocity, not "gestures" or "signals." By the end of 1969 it seemed that the careful fencing was about to end. My talks with Soviet Ambassador Anatoli Dobrynin-what came to be known as the Channel-had become increasingly active, usually on Soviet initiative...
...This week it will be Albany. In cooperation with Washington-based New Right political groups, he has just organized his first purely secular enterprise, Moral Majority Inc., and plans to hit all 50 states within 18 months. He sees Moral Majority as a much needed antidote to progressive public interest organizations like Common Cause. Senior Correspondent Laurence I. Barrett traveled with Falwell during the first week of his campaign. Barrett's report...
...same time, two events added to doubts that Western policymakers would come to grips effectively with their common economic problems. In Paris the finance ministers and central bankers of the Big Five monetary powers-Germany, Japan, France, Britain and the U.S.-failed to end a potentially damaging interest rate war among them. And the International Monetary Fund issued a gloomy study predicting a worsening economic outlook...