Word: molinaro
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...bond sales noted that Harvard’s debt paid out higher interest rates compared to a similar $1 billion bond issuance by Princeton five weeks later, a difference it attributed to Harvard’s derivatives “mishaps.”But Princeton controller Kenneth Molinaro said that markets may have improved slightly by January, when his university issued their bonds, and that Harvard’s issuance may have even helped other universities issue debt by opening the market.“Trailblazers are always at a little bit more risk than the settlers that follow...
...coupon rate of variable-rate bonds is tied to the market interest rate. Princeton, which had issued $200 million worth of variable-rate bonds, has seen interest rates on some of its bonds quadruple in the past week, according to Bloomberg News. Princeton’s Controller Kenneth Molinaro told the News that the increase is costing the school about $8,000 per day. With nearly eight times as many variable-rate bonds issued, Harvard could potentially be losing significantly more. The rate increases at Princeton can be partially attributed to the bankruptcy of Lehman Brothers, the investment bank that...
...injuries, Harvard had a chance to showcase two of its newest recruits in freshmen Corey Jantzen and Andy Olsen, who finished third at 174 and 141, respectively. Jantzen had three major decisions, his only loss on the day coming from Penn State’s Frank Molinaro in the semifinals. Olsen, also 5-1, nabbed third place in his weight class after taking a match by fall over Edward Ruth of Iron Eagle Wrestling Club. Overall, seven Crimson freshmen made their collegiate debuts, and 17 wrestlers in total represented Harvard at the tournament. “Our freshmen are great?...
UConn--Landeen (Molinaro...
...lower ticket prices instead of frequent-flyer miles, both carriers declined. And shortly before Delta Airlines announced its latest job cuts, the carrier said it had joined forces with Varig Airlines of Brazil to expand Delta's frequent-flyer program. Frequent-flyer miles "are not going away," says Tony Molinaro, a spokesman for United. "We wouldn't do it if it wasn't really worth it." Especially now that consumers will pay more to fly free...