Word: terming
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...pockets of executives and outside investors, a company's profits are distributed in a precise, democratic way; set aside as seed money for new cooperatives; distributed to regional nonprofits; or pooled into shared institutions like the university and research center. In other words, each individual cooperative gains long-term benefits from the financial assets of the whole. (How this would play out in the context of U.S. tax rules remains to be seen.) In Cleveland, the Evergreen Cooperative Development Fund, managed by ShoreBank Enterprise Cleveland, provides low-interest, long-term financing. In the future, a financial institution more aligned with...
...BUNNING, Republican Senator from Kentucky, to Federal Reserve Chairman Ben Bernanke during a Dec. 3 Senate Banking Committee hearing on Bernanke's nomination for a second term. Bunning criticized Bernanke for deeming some companies "too big to fail...
...largely thanks to support from the country's impoverished indigenous majority. Morales won more than 60% of the vote, and his leftist Movement Toward Socialism Party secured majorities in both the 36-seat Senate and 130-member lower house. The decisive victory secures Morales another five-year term and allows him to push for further social and economic reforms. While opponents worry that he will centralize power and align himself politically with Venezuela's Hugo Chávez, Morales' re-election brings stability to a country notorious for coups: it had five Presidents in five years before he came to power...
Wherever your travels take you over Harvard's first J-Term, we hope you have a safe, happy journey...
...Analysts are not so sure. "People are furious right now, but I'd be very surprised if this had any significant impact on Eurostar's position in the longer term," says Joe Gill, an aviation industry analyst for the Dublin brokerage firm Bloxham. He notes that airlines aren't exactly popular with travelers these days either. Indeed, only days ago, a planned strike by cabin crew at British Airways threatened to leave up to 1 million passengers stranded during the entire holiday season - until a judge blocked the industrial action. "Had this been a terrible crash or something, it might...