Word: trustedly
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...peerlessly wielded its moral authority. But that trait also encouraged leaders to think they were above reproach, an attitude that found its fullest expression in Mbeki, who often acted as if he had no reason to explain himself and simply asked people to take his decisions on trust. That trust wilted, thanks to ANC scandals over corruption, incompetence and abuse of power. The party is in no danger of losing power. But the days when it commanded widespread respect and spoke with purpose and clarity are long gone. After Mbeki's resignation, former Archbishop Desmond Tutu - alongside Mandela, the country...
During his 14 years as president and chief executive of the National Environmental Trust, Philip Clapp fought for legislation to combat global warming. He even once called into question Vice President Al Gore's commitment to the environment because of the White House's "failure to provide any leadership on the clean-air standards and on climate changes." Prior to his time with the Trust, Clapp worked on the U.S. House Budget Committee's environmental task force, where he tried, to no avail, to get the U.S. to ratify the Kyoto treaty. It has since been adopted by most developed...
Without a doubt, there have been as many disasters as there have been successes. What usually goes wrong is not anything technical. It's my misunderstanding of my clientele's basic trust for me. We did a pig's-ear salad that I found delightful and provocative, but it was a loser...
...past year. Its endowment now totals $10.1 billion. The largest higher educational endowment to announce a loss so far, the University of Pennsylvania, dropped 3.9 percent on the year. But the Philadelphia school still bested the negative 4.4 percent median return of 165 peer institutions, as measured by the Trust Universe Comparison Service. While these returns pale in comparison to the consistent double-digit returns posted by the wealthiest university endowments over the past few years, they remain robust in light of the worst financial downturn in decades—one that has prompted a U.S. government plan to purchase...
...skeptical as to whether this is the right plan,” Hart said. “There’s a lot of detail missing regarding which assets will be bought and on what terms. We’re meant to trust the Treasury to enact this plan in a reasonable manner, but they want a carte blanche, and this is worrying...