Word: missourie
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...came expecting to get a check and made clear it was to clear legal fees," says Scott Charton, director of university communications. The meeting was fairly tempestuous, involving threats of litigation. In any case, according to a statement Missouri released on Monday, the university?s general counsel concluded, after talking to the state attorney general, that there were "legal questions" concerning the propriety of returning the funds. The Missouri constitution doesn't allow public funds to be given to private concerns - either to Lay or his charities. "Our position is: it's university property now. Are we merely a savings...
...guilty verdicts may be in against former Enron CEO and chairman Ken Lay, but he is still doing battle with, of all things, his alma mater. Seven years after making a $1.1 million gift to endow a chair in economics at the University of Missouri, Lay is now trying to have the money returned. Last September, in the wake of Hurricane Katrina, he personally sought to have the money - as yet unused - transferred back to Houston to assist 14 charities in relief efforts, including preacher-author Joel Osteen's megachurch. Five months later in February this year, the trustee...
...gift to the University of Missouri in 1999. It should not be used to enhance Mr. Lay's image in Houston when juries are about to be selected," Battistoni told TIME after learning of the attempt to reclaim the money. Lay's spokeswoman Kelly Kimberly rejected the Scrushy parallel, noting that the Lays were long-time philanthropists, who gave nearly $25 million to non-profits between...
...same time, proponents of the law are concerned that the Department of Education is going too far in relaxing the No Child Left Behind standards. Mike Petrilli, who worked in the Education Department in Bush's first term, is concerned that states like Missouri have recently lowered the scores students need in order to pass state tests. He also complains that the Education Department has done little to enforce a provision in the law that requires all teachers to either have a degree or pass a competency test in the subjects they teach. "There's been a lot of concern...
Home foreclosures in the first quarter of 2006 were up 72% over a year earlier, according to a study by RealtyTrak Inc. of Irvine, Calif. And in such states as Alabama, Michigan and Missouri, a fifth of homeowners in the higher-interest subprime category of ARMS were at least 30 days late in making a mortgage payment at the end of 2005, according to the Mortgage Bankers Association...