Word: money
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Dates: during 1990-1999
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Overall, investments of Harvard's endowment, the largest of any University in the world, grew 7 percentage points less than the goal set by Harvard's money managers, increasing 12.2 percent to bring the endowment to $14.4 billion...
Being below benchmark means a lower bonus for Jack R. Meyer, the CEO and president of Harvard Management Company, which oversees the University's endowment, as well as other money managers who work...
When students purchase books through flyingchickens.com, 5 percent of the price paid goes to its three founders, but so far they're seeing no profits. The group funneled money into overhead costs this summer, including expenses for advertising, Web hosting and domain registration...
...toll of over 1,800 is high for a natural disaster in an industrialized country, and may provoke longer-term questions about patterns of development. "Natural disasters worldwide have increased eightfold since the 1970s, but there?s been very little concern for environmental issues in the rush to make money," says TIME correspondent William Dowell. "Events such as the Taiwan quake may prompt governments to think beyond the narrow concerns of the economy in approaching issues of development and urbanization...
...TIME national affairs writer Alain Sanders figures the government is in this for more than the money. "The industry regulation that the states won wasn?t as far-reaching as Clinton wanted, and the money they got isn?t going to smoking prevention," he says. "The administration is going to try to use a lawsuit as leverage to get the regulatory measures that failed in Congress, and also get in a slap at the Republicans for killing that bill." Indeed, a jury might find it hard to see the U.S. government as the victim. The generation that is these days...