Word: turnings
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Dates: during 2000-2009
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...Today approximately one-quarter of the school's 780 students are city residents, with the rest spread across the inner and outer suburbs. The school allocated $1.4 million in financial aid this year to students who could not afford the $9,990 tuition. "We will not turn away any student who is qualified to come here," says U of D principal Gary Marando...
Behind each twist and turn of last year's financial crisis was a small club of (mostly) men--many of them friends, plenty more rivals--who determined, often by the seat of their pants, how events would unfold. In Too Big to Fail, Sorkin, a New York Times reporter, takes us inside the cozy world of Wall Street chieftains and their Washington alter egos. Why did the U.S. Treasury Department ask Congress for $700 billion in bank-bailout funds? Because $500 billion felt too small and $1 trillion politically impossible; one staffer, charged with justifying the figure, laughed...
...Sachs employees on track for their best bonus year ever, the investment bank's executives have been making the case that their bounty is good for all of us. "We contribute to growth," CEO Lloyd Blankfein said at a breakfast put on by FORTUNE. "Once the economy starts to turn, we get very involved." In a discussion about morality and markets at St. Paul's Cathedral in London, Goldman Sachs International vice chairman Brian Griffiths, a former adviser to Margaret Thatcher, described giant paychecks for bankers as an economic necessity. "We have to tolerate the inequality...
Some students arrive in Bologna, Italy, with just a secret indulgence - without shop locations, business plans or $70,000 on hand for must-have machinery. They head to Carpigiani Gelato University to learn how to turn sacks of sugar and crates of oranges, kiwis, lemons and persimmons into spoonfuls of earthly bliss...
Besides the secret of perfect gelato, many students are attracted by the sweet dream of self-employment. Gelato is a major growth business worldwide, a cheap luxury defying the recession as people turn to smaller pleasures. And despite the $1,052 tuition for a weeklong session, so far this year enrollment at Gelato U is up 87% compared with the same period in 2008. Who's signing up? "Mostly 40-year-olds looking for a new life," says Patrick Hopkins, director of the six-year-old educational offshoot of the Carpigiani company, which produces a majority of the world...