Word: money
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Dates: during 1980-1989
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Abillion dollars. That seems like a lot of money to someone like me who cannot even scrape together five or six quarters to go do laundry. Does President Bok really think that a fourth or fifth-rate school like Harvard (according to Newsweek and U.S. News and World Report) can still grab that much cash...
...think that handshakes, a few smiles, and a some positions on the board of trustees are going to generate the kind of money that Harvard is expecting from the upcoming billion dollar fund drive. That is why I have a few sure-fire suggestions for fundraising from my days as treasurer of the Student Council...
...Robert A. Havern (D-Arlington) said the House did not back the idea because many representatives doubted whether the $46 million figure were correct. He said the money would also be difficult to collect...
...pays benefits to everyone of retirement age who has contributed to the system for a minimum number of years, regardless of how much other income they receive. These benefits are financed by payroll taxes on workers currently in the work force. That is, retirees are not just getting back money that they have paid into a trust fund. Social Security is not a savings plan, but a massive intergenerational transfer of wealth...
...year. Nor does it apply to "unearned" income such as interest on bonds. Thus, Social Security takes a huge bite out of a minimum-wage janitor's paycheck, while it costs next to nothing for a lawyer with a six-figure salary or a Donald Trump who makes his money by shuffling assets...