Word: loan
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...pattern continues, things could get complicated for central bankers around the world, and for U.S. central-bank chairman Ben Bernanke in particular. Beset by a slowing economy amid the subprime loan meltdown, Bernanke is trying to ease interest rates without triggering higher inflation. Additional inflationary pressure from one of America's largest trading partners will undermine his ability to reduce rates further to prevent the U.S. economy from stalling. He's not likely to get much help from Beijing, which has its own priorities and a limited set of tools to rein in consumer prices. Efforts to cool economic growth...
...know its history. You don't know where it comes from, if it's from Sicily or Apulia or Magna Grecia," he said. "They are doomed to be anonymous." With that in mind, Rutelli also plays good cop in the negotiations. "To the museum that returns stolen works, we loan for several years works that are equally important and valuable. Therefore, those spaces don't go empty," he said. Indeed, the most precious piece that the Getty has agreed to return - a 5th century B.C. statue of a goddess thought to be Aphrodite - will stay on display...
Starting next school year, hundred of Harvard students could enjoy more generous financial aid packages thanks to a new law that will lower interest rates on federal loans and increase the size of grants for needy students. President Bush on Thursday signed into law a $20 billion increase in federal financial aid, boosting the size of some Pell Grants by up to $1,100 per year and gradually cutting the interest rates of federally subsidized loans from 6.8 percent to 3.4 percent. The Pell Grant, a form of financial aid given to more than 5 million low-income students each...
...years ago might not have been eligible for assistance. Last year, 1,362 Harvard undergraduates whose families made more than $100,000 received aid grants from the College. That figure included 351 students whose families made more than $160,000. In all, 3,357 College students received non-loan aid last year, out of a total of about 6,600 undergraduates. The rise in aid for what the College calls middle-income families reflects a concern that Harvard is doing better at attracting students from the extremes of the financial spectrum than it is at attracting those in between. Dean...
...museums that stand to lose some of their most prized works, it's all a tad bittersweet. The Frans Hal Museum in Haarlem has eight Golden Century paintings from the Katz collection on long-term loan from the national collection. They are works of "enormous importance," says Louis Pirenne, the museum's head of public affairs. "Paintings like these are important to the mid-scale museums in the Netherlands. We buy around these centerpieces in our collection." Although the loss would be huge, Pirenne says his museum respects the judgments of the Restitution Committee. "We've always realized...