Word: receivership
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Dates: during 1960-1969
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...Federal science research at Harvard is now $50 million and is reduced by $17 million (33 per cent) the "padded" indirect costs would be $10 million maximum, and more likely $4 million. Would that put Harvard in receivership? If Harvard's $1 billion endowment principal were applied to this gap, Harvard wouldn't go broke for 250 years. This obviously oversimplifies the finances involved, because of restrictions on some portions of the endowment, but the comparison places the problem in perspective. New additions to endowment from gifts have avaraged $25.5 million per year in recent years. If the university were...
...ordinary economic rules, Israel ought to be in receivership. After more than a decade of living beyond its means, the country skidded into a deep recession in 1965 when Premier Levi Eshkol's anti-inflationary slowdown proved too abrupt. Unemployment jumped to 10%, and the government for the first time in its history was forced to put the jobless on the dole...
...office. If the G.O.P. argument were followed through, noted Mansfield, "any time a President was elected to a second term, he would become a lame duck on the very first day of that term." Johnson himself was heard to mutter: "Some people think that the presidency should go into receivership during the next seven months...
...ranks among the nation's five largest residential builders. Since taking over the place a year ago, Watt has renamed it New Bellehurst, refurbished many of its wrecked houses, redesigned others, sold 116 homes for $4,500,000. Having risked $21 million to buy the property out of receivership, Watt expects to wind up in a few years with a tidy profit and a stylish $48 million community of 2,000 homes, 400 apartments, a shopping center and industrial park...
...bank board. Finally, Watt hired a computer, made 31 separate runs over the possibilities of profit and cash return, and decided to take the gamble. Since then, the company has also announced plans to take over the unbuilt portion of a grandiose Middlesex County, N.J., project that went into receivership five years...