Word: might
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Dates: during 1940-1949
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...first glance the recently released University Financial Report might seem a rather comforting document. Not only did Harvard compile a $497,753 surplus in 1948-1949, but it was able to do so while many other colleges and universities were cutting courses and firing teachers in unsuccessful attempts to lick recurring deficits. However, the Report also shows up the big weakness in Harvard's apparently strong financial position--the University's unrestricted reserve is sharply declining, because there are certain sick departments inside the outwardly healthy body...
Added up, the total losses of last year's deficit departments ran over $800,000. Unfortunately, you cannot argue--even from a purely financial point of view--that one department's surplus might well be put to use cancelling out another's deficit. For instance one academic department did exceptionally well last year, the Faculty of Arts and Sciences, which embraces the College and Graduate School of Arts and Sciences. Although this department used some of its excess income in bailing out the library and HAA, it needs most of the remaining surplus to guard against possible ups-and-downs...
...board greater regulatory powers over bank holding companies that control more than 15% of the stock of an operating bank. Once Transamerica's holdings in Bank of America are reduced to 11.1%, it could argue that FRB should not be concerned with Transamerica even though the 11.1% might still be working control...
Freedom's Onions. Americans' "coarse familiarity, untempered by any shadow of respect," Mrs. Trollope decided, might serve as an object lesson to all Europeans who prated about republican "democracy" from a safe distance. "The theory of equality may be very daintily discussed by English gentlemen in a London dining room, when the servant, having placed a fresh bottle of cool wine on the table, respectfully shuts the door, and leaves them to their walnuts and their wisdom; but it will be found less palatable when it presents itself in the shape of a hard, greasy...
...same sense that the other parties are pro-Nazi because they attempted to capture the vote of ex-Nazis. U. S. authorities in Austria, however, are reserving judgment as to its totalitarian nature until they can observe its action in Parliament. Perhaps the Europe-traveling editors of the CRIMSON might do the same. R. Gerald Livingston...