Word: sumness
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Dates: during 2000-2009
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...Willem de Kooning, Roy Lichtenstein and Andy Warhol. In 2007 the collection was assessed by the auction house Christie's to be worth around $350 million. The downturn in the art market since last fall makes its value today anybody's guess, but it would still command a sizable sum. Brandeis trustees insist that if they can't raise money by selling art, they will have to reduce staff by 30% - there were already cuts last year - or eliminate 200 of the school's 360 faculty members. (Read Richard Lacayo on earlier cases involved protested sales by museums...
...pays top managers large bonuses, in the long term those officials more than justify their compensations by generating impressive endowment returns. Between 1995 and 2005, for instance, Harvard’s endowment garnered an annualized return of no less than 15.9 percent, which amounts to much more than the sum total of officials’ compensation packages. It is also worthwhile to note that Harvard manages its endowment in-house, so HMC officials appear only on the surface to make much more than money managers at peer institutions. In reality, other schools may pay far more in management fees...
...Nestling among largely uncontroversial proposals - for an annual Day of Reflection, for example - was at least one idea that united old enemies, if only in outrage. A so-called "recognition payment" would see a sum of ?12,000 given to all households who lost family members to the Troubles, whether the victim was civilian or military, Catholic or Protestant, the target of an explosion - or the person who died setting the bomb. "We are still fighting about who was right or righter, who had moral justification, and who had God on their side. And we are still terrified that...
...American oil companies—who have some of the most advanced petroleum extraction technologies in the world—could easily increase Iranian oil output to its pre-revolutionary output. Reviving the Iranian oil industry to this standard could bring the country nearly $7.5 billion monthly, a massive sum for a country whose annual GDP is around $760 billion...
...adopt a grade-deflation policy, including quotas for A's. To skeptics like Gibson, grades should be guides to help students see where they can improve, not rubber stamps to confirm a smart kid's hunch that he or she is smart or gold stars on a résumé. "Grades don't only exist to be reported to college-admissions officers," he says. Gibson also rejects the Fairgrade argument that adjusting the standards would improve the dropout rate among those at risk of failing. "I don't think it helps any student to say, 'Well, we're going...