Word: investers
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Harvard will invest up to $13 million in small high-risk companies through five management firms located in Boston, New York and possibly on the West Coast, George Putnam '49, treasurer of Harvard College, said yesterday...
Harvard will not invest any of the $13 million in real estate, Putnam said, adding that the Harvard Real Estate Corporation will have investing capital of its own in Cambridge and Boston...
...part of their new endowment policy, the Yale Corporation announced last summer that $50-60 million would be available to the trustees for the advisory real estate committee to invest in real estate...
...Letting people invest their own money, says Bush, will produce better long-term returns than keeping all Social Security revenues in the hands of the government. So he uses about half the Social Security surplus - roughly $1 trillion - to give young workers the right to divert some of their payroll taxes to private savings accounts. Workers could then invest this money in stocks and bonds...
...from both parties have proposed a combination of the Bush and Gore plans: establish a high guaranteed minimum-benefit level that keeps seniors from falling into poverty, gradually raise the retirement age to 70 (which could cut the program's projected deficit by two thirds) and allow workers to invest a sixth of their payroll taxes, as well as additional voluntary contributions (possibly matched by government dollars), in low-risk stock or bond funds. Such a plan, says Donald Marron, CEO of Paine Webber and chairman of the bipartisan National Commission on Retirement Policy, "doesn't break the budget, lifts...