Word: levins
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Although Harvard’s coffers seem to be overflowing this year, as the endowment approaches $35 billion, a new bill proposed by Rep. Sander Levin, D-Mich., may allow the cache to accumulate even faster. The bill would allow tax-exempt organizations—a category that includes university endowments—to invest directly in U.S. hedge funds while retaining their freedom from Internal Revenue Service dues on leveraged investments. “[Universities] are currently taxed as though they are leveraging, when it’s actually the hedge fund’s strategy...
Democrats like Congressman John Murtha and Senator Carl Levin regularly criticize Bush for running the troops ragged and cite this as an argument for withdrawal from Iraq. But the President is getting conflicting information about the strain of the extended rotations. Two days before he left on his trip to Iraq, Bush got another one of his Washington briefings, this time from the Joint Chiefs of Staff, who told him "that families, while strained, were able to be supported," says National Security Council spokesman Gordon Johndroe...
...maybe because of the consistent and vocal demands of the party's antiwar flank, none of the Democratic efforts have yet attracted lasting bipartisan support. The few that have come close fall well short of veto-proof margins. The best proposals, like the plan developed by Democratic Senators Carl Levin of Michigan and Jack Reed of Rhode Island that would begin withdrawals by 120 days after passage, mustered only 52 votes, not enough to overcome a filibuster or override a veto...
...Such lectures don't sit well with Maliki, who lashed out on Sunday at Clinton and Levin. He said they seem to "consider Iraq as if it were one of their villages," and told them to "come to their senses...
...Iraqis would simply do as they're told. Last Wednesday Hillary Clinton offered her advice to Iraq's parliament, saying it should get rid of Prime Minister Maliki and pick a "less divisive and more unifying figure." That echoed remarks made earlier in the week by Sen. Carl Levin, chairman of the Senate Armed Services Committee. Republican Senator John Warner later chimed in to say Maliki had "totally failed," and was unable "to deliver greater security and reconciliation...