Word: overheads
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...mache cow, wailing loudly, "La vaca es muerta!," while two policemen attempted to pull them to their feet. People were spinning around ecstatically to a Jimi Hendrix guitar riff. A girl stops short: "I'm tripping," she says, her eyes dilated and staring at an image of a dragon overhead...
...change in federal research grant regulations designed to put a ceiling on overhead costs may leave Harvard footing part of the research bill, University and government officials said this week...
Starting next month, scholars awarded federal funding will receive a set percentage of grants as a rebate for administrative overhead costs, University and government officials said. In the past, compensation for administrative costs has been flexible and based on professors' reports on how much time they spent in administrative work...
...Harvard is going to lose a lot of money," said Patty Sullivan, a research for the Association of American State Colleges and Universities. She said that while small institutions will make money from the 3.6 percent overhead rebate, major research universities report an average of 6 percent of grants for overhead costs...
Government officials said they made the change in order to cut out what they viewed as very large overhead costs reported by universities. "After all, the original purpose of the set percentage was to reduce the huge and growing amount of overhead costs," said Edwin Dale, assistant director of the Office of Management and Budget...