Word: recklessly
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Growing the endowment simply for the sake of having more money is not a sound policy; the University’s mission is to educate, not to amass wealth. Yet reckless spending does not make sense, either. Rather, the University must refocus its energy on offering schools consistent increases in endowment payouts from year to year, recession or boom...
...Corporation will increase its payout at the last minute. Harvard’s various schools should never have to guess whether there will be an increase in their funding or whether the payout will remain stagnant. This is not to say that the University should spend money with reckless abandon; Harvard’s cautious approach has yielded impressive results in terms of sheer wealth generation. It seems reasonable, though, that with an endowment as massive, successful and well-managed as Harvard’s, the University should be able to offer consistent and measured increases in payouts every year...
...glut, says Bakshi, India's state and local governments are all too happy to encourage it. "Governments sell land because they get great prices for it," he says. However, an administrator with the Haryana Urban Development Authority, which oversees the development of Gurgaon, denies that the government has been reckless in sanctioning new malls, asserting that "20 or 25 malls is not too much for Gurgaon...
...name became virtually synonymous with the profession. At age 76, he and his Texas-based Red Adair Co. capped hundreds of Kuwaiti oil wells left burning at the end of the Gulf War. Adair's exploits earned him a daredevil reputation, to which he once remarked: "A daredevil's reckless, and that ain't me. The devil's down in that hole, and I've seen what he can do and I'm not darin...
...extra checkpoints to get drunk drivers off the road, launched public-service ad campaigns urging people to stay sober and drive safely, and even rounded up young road racers and took them on a tour of morgues, autopsy rooms and prisons to impress upon them the dangers of reckless driving...