Word: lumped
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Many view the endowment as a $19.3 billion rainy-day fund for the University which can be raided at any time and for any reason. In fact, the endowment is not a lump sum stashed away in a lockbox, but is used constantly in order to finance Harvard’s tremendous operating costs. Harvard, in spite of its popular portrayal, does not have unending cash reserves—and one of the major responsibilities of the administration is to prioritize the University’s spending and guarantee the institution’s long-term financial stability. As Summers...
...they be so foolish as to put themselves in this mess? "With some young players today, ego is the biggest problem," says Mark Carroll, a former Australian league player who coaches at Manly. "I pull them aside sometimes and say, 'Hey, you're a footballer. You cart around a lump of pigskin. You don't save lives.'" Sexual shenanigans by sportsmen are not, of course, confined to rugby league...
...designation of the American soldier as Person of the Year brought a lump to this old soldier's throat and is a fitting tribute to today's generation [Dec. 29-Jan. 5]. These young people have proved that we old veterans can now relax, knowing that the task of defending America is in good hands. I suspect the selection was a very difficult one, as so many newsmakers, good and bad, were in contention. You made a spectacular choice! Richard Brown U.S. Army (ret.) Springfield...
...designation of the American soldier as Person of the Year brought a lump to this old soldier's throat and is a fitting tribute to today's generation. These young people have proved that we old veterans can now relax, knowing that the task of defending America is in good hands. I suspect the selection was a very difficult one, as so many newsmakers, good and bad, were in contention. May I congratulate your staff for a truly spectacular choice! RICHARD BROWN, U.S. ARMY (RET.) Springfield...
...whatever profit margin Toys "R" Us has left. Despite rising consumer confidence and blistering U.S. economic growth of 8.2% in the third quarter, analysts expect sales at Toys "R" Us to drop from $7 billion in 2000 to $6.5 billion this year. And the company dealt investors a yuletide lump of coal when it announced that it had lost $38 million in the third quarter and was closing all its 146 Kids "R" Us stores plus 36 Imaginarium smart-toy stores, both of which were bleeding cash. Toys "R" Us stock now hovers around $11.75, down from a peak...