Word: percentism
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...That’s about a 9 percent increase at a time when we’re all trying very hard to keep our operational budget level,” Donahue said. “I will say we’ve certainly had to come up with a lot of numbers behind the scenes and predict what we think our needs are for the next year...
...leading commercial banks, including Citigroup, J.P. Morgan, Goldman Sachs, and Bank of America. None of these banks have participated materially in the wind-farm boom of the past several years, and all maintain equity capital levels well in excess of the minimum regulatory requirement of 15 percent...
...enjoy higher revenues. SWIFTs have become expert at using customized derivatives to offset the risks associated with these revenue fluctuations, yielding net earnings that, until recently, had appeared to be virtually risk-free. They then issue short-term debt backed by these stable earnings. A typical SWIFT finances 90 percent of its assets using overnight notes that yield only slightly more than Treasury bills...
...chosen one from the last, from “The Hollow Men.” Eliot writes, “Between the idea / And the reality / Between the motion / And the act / Falls the Shadow.” I am an economics major, so there is roughly a zero percent chance that I will interpret this quote correctly, but, hey, maybe this is my black swan. In my opinion, Eliot is describing a state we often find ourselves in at Harvard—a middle ground between the vague idea of who we want to be and the reality...
...cuts to smaller departments have been proportional to those of larger departments—to the tune of 15 percent in the fiscal year that ends this coming June...