Word: nested
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...billion endowment, spending more of the endowment is not feasible. Nearly 85 percent of FAS’ endowment is restricted, meaning it was donated only to be spent for specific purposes, and 40 percent is controlled by individual departments. That leaves a little over $1 billion as a nest egg at the dean’s discretion—hardly enough to cover an annual $75 million deficit. Cutting funding for the College’s recent student-focused initiatives, however, would be unwise. From renovations of student space to increased investment in peer advising, students have secured big gains...
...rolling hills of east Texas, the sky is a pristine blue above two big smokestacks. That's illusory, since the plant pumps out a steady stream of can't-see-'em pollutants like nitrogen oxide, sulfur dioxide and mercury. Inside, giant HEPA filters (which look just like a nest of vacuum bags) grab most of the solids from the coal fire. You wouldn't want to eat off the floor, but the place is clean. Even the open-pit-mining operation nearby--which has scoured 15,000 acres of Texas for lignite coal over the decades--is a reclamation model...
...Europeans live alone, and every year the proportion of solo dwellers rises. So too do the ranks of heterosexual and single-sex couples living without children who now - at 49% of households - represent the most common form of family unit across Europe. Some have watched their kids leave the nest, others will never have children, but all are likely to spend the biggest chunk of their life in the company of their partner only. Simply put, the definition of family is increasingly flexible, its constituent parts ever more diverse. While the family was once seen as a form of fate...
...tree," says Wright, who has long speculated on how she came to be there and on the family's Chinese ancestry: "How do the spirits connect when people come from other countries?" It's a question she'll explore in her next novel, Rara Avis (In the Swan's Nest). Meanwhile, Wright wants to take her writing back to its roots. "I thought it could be a grand idea," she says, "if one day Carpentaria could be read in one sitting in the Gulf, or in the schools, just like James Joyce's Ulysses is read aloud every year...
...need assets that generate growth and can outpace inflation. Historically, real estate (entering a funk) and stocks (still trying to recover from the bust) have been the answer. They will be again one day. But the longer it takes for them to recover, the more you need in your nest egg before pushing the retirement button...