Word: perring
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Dates: during 2000-2009
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...much money was being withdrawn. The fund was going to be forced to dump a big block of its holdings, and flooding the market like that has the effect of driving down security prices - thereby driving down the value of the fund you want to keep at $1 per share. "The investors are almost as important as the investments here," says Peter Crane, money fund expert and CEO of Crane Data. "A full-blown run would be perilous." That's why the Treasury stepped in with its guarantee program - to help prop up the price of any money market that...
...What They're Taxing in France: Jean-Louis Borloo, Minister for the Environment, said France will begin taxing nonrecyclable cutlery and plates to entice consumers to buy more eco-friendly products. The so-called picnic tax of 58˘ per lb. ($1.29 per kg), part of an effort to curtail waste, may be extended to cover other household items like washing machines, refrigerators and televisions. The nation has a similar system in place for cars, whereby heavily polluting vehicles pay steeper taxes...
...What are you doing here?” I thought at this giant spectacle in the middle of nowhere. “Where my hippies at?”Among the fields of camped out college students, there were also fathers toting strings of children from the pay-per-use showers and white-haired friends perched in camp chairs. The diversity of the audience was obviously attributable to this year’s line-up, which included such varied bands as Vampire Weekend, Sigur Ros, Talib Kweli, the Disco Biscuits, and comedian Chris Rock. There was something for everyone...
Oluwadamilola O. Akinfenwa ’12, a native of the Houston suburb of Sugarland, had just wrapped up his first week at Harvard when Hurricane Ike started barrelling through Galveston Island and Houston on Friday. Akinfenwa found himself unable to contact his family when 110-mile-per-hour winds disabled most means of communication in and outside of the city. Not until Monday night did he finally get through to his family and hear they were safe. Southeast Texas may be almost 2,000 miles away from Cambridge, but for some Harvard students from the Lone Star state including...
...June 30, commodities markets dropped precipitously, by almost 30 percent, from their all-time highs—according to Dow Jones-AIG Commodity Index—potentially reversing some endowment gains. Much of this was due to a substantial fall in the price of oil, which peaked at $147 per barrel but has been trading closer to $100 in recent days...