Word: nested
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...actually good news. They represent just the latest swing in a highly emotional market that for three years has thrived on alternating fears about which way the economy would grow: too fast or too slow. As long as the pendulum doesn't swing too far in one direction, your nest egg is safe--from the interest-rate monster anyway...
These scholarships were paid out of Harvard's endowment, and enormous institutional nest egg whose sources of income are still as varied as the purposes for which they are given...
...Orleans has always rated special notoriety. Its government-subsidized apartments were consistently rated among the country's worst. One of its biggest projects, an 1,800-unit catastrophe called Desire, was long reputed to be the very worst. The Housing Authority of New Orleans (HANO), a political hornet's nest of patronage and chronic mismanagement, was so inept at making repairs that tenants routinely waited years for simple services. Hundreds of tenements were literally falling down...
...share is currently $4.7 billion of theUniversity's total $11.2 billion dollar nest...
University Vice President for Finance ElizabethC. "Beppie" Huidekoper, said the University willalways be cautious about enormous surges in payoutbecause its first priority is keeping itsmulti-billion nest egg intact for posterity...