Word: lasting
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During the financial crisis, several media outlets reported that the University scrambled for cash last year and was forced to sell bonds in order to meet operating expenses and pay off older debt...
Harvard tried to sell about $1.5 billion in private equity holdings in Dec. 2008, but rejected most bids after garnering lower-than-expected offers, Bloomberg reported last year...
...classic “The Loneliness of the Long Distance Runner,” based on the book by Alan Sillitoe, Colin Smith is a boy at reformatory whom the director’s primped to win a cross-country race against a nearby prep school. Coming down the last stretch, he’s got a solid lead; no one doubts he’ll win. As he tires, images run through his mind of his bleak life: his harried and shrill mother, his dead father, the cash he swiped from a bakery, the copper who nabbed...
...UC’s last audit in 2007, the RMAS deemed the organization’s financial procedures “inadequate”—the result of a variety of “high and medium risk issues” that could have led to fraud or misappropriation of funds, according to UC Treasurer Brad M. Paraszczak...
...majority of the UC’s funds—which are primarily from the optional $75 activities fee included on undergraduate term bills every year—go toward funding student group grants, according to Lu. She said that the UC awarded over 1,200 of these grants last year, amounting to about $500,000 in total allocated funds...