Word: lumped
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Dates: during 2000-2009
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...resources committee and the FAS financial staff “talked through” whether to borrow annually or withdraw a lump sum and chose the latter, Campbell said, because they expected the endowment to grow faster than the interest rate on debt. University President Lawrence H. Summers told the Faculty at its meeting last week that the Corporation—the University’s highest governing body—has approved the decapitalization “in recognition of what is by the FAS an extraordinary period of growth...
...people are right,” he says, after giving a mini-history lesson about Trotsky and Lenin’s idea of the “lump-in proletariat”—that the peasants can’t be intellectually independent. “It took me a long time to realize that the Lenin-Trotsky model was corrupt. That the institutions that help people are corruptible. But that the people themselves are just dynamite...
...Imperial Palace to a rented one-bedroom apartment. The former Princess has quit her job as an ornithological researcher to practice her cooking and learn to drive before becoming a housewife. She will pay taxes and no longer receive a royal stipend, although she will be given a lump sum of $1.3 million to start her new life...
...course, it's much easier to own a piece of America when you have a pension like Snow's. When he stepped down as head of CSX Corp.--operator of the largest rail network in the eastern U.S.--to take over Treasury, Snow was given a lump-sum pension of $33.2 million. It was based on 44 years of employment at CSX. Unlike most ordinary people, who must work the actual years on which their pension is calculated, Snow was employed just 26 years. The additional 18 years of his CSX employment history were fictional, a gift from the company...
...hope Bill Clinton doesn't get any ideas from Philippine President Fidel Ramos, who will auction as a "relic" the lump of cholesterol that doctors recently removed from his right carotid. Proceeds will go to Smokey Mountain--the big garbage dump that is now the site of low-cost housing. No word on whether Sotheby's is interested...