Word: overheads
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Other universities have found that external managers are more cost effective. According to Allen, universities with smaller endowments often split up their assets among many money managers or handle part internally and the rest externally. As a university's endowment grows bigger, it can afford higher overhead costs and justify creating a partial in-house management team, says Swenson...
When some oxygen masks remained jammed in the overhead compartments, a passenger used a pocket knife to pry them loose. Tom Kojis, 44, a Methodist pastor from Algoma, Wis., comforted his twelve-year-old son Jonathan, telling him, "We're not going to die. We still have things to do." Nancy Hauser, 37, of Los Angeles said later, "My feeling was we weren't going to make it. I saw this huge hole, and we were losing elevation fast...
...tied!" they shouted. "No Hussein! No Assad! Only the P.L.O.!" After winding through the town for nearly two hours, the procession approached the blue-domed Haj Mazuz al Masri mosque, which had been built by the slain mayor's uncle. There, the body was removed from its coffin, passed overhead from hand to hand into the courtyard of the mosque, and buried in a stone tomb covered with a marble slab...
...didactic and superficial at the same time. And the play seems longer than the two-and-a-half hours of its duration. For persons who don't know much about any one of the three revolutionaries, some sections of Travesties might seem very long indeed, with the humor flying overhead like distant Swiss geese...
...seems to me if Harvard is spending money it should go to benefit the community and not to pay for administrative overhead," he says...