Word: wealthã
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...flush times, the luxury of garnishing smaller departments is just another reminder of Harvard’s reach and wealth??the trappings of a mighty endowment. But recent fiscal constraints have forced the University to sharpen its priorities and, consequently, devote greater attention to where cuts—not additions—can be made...
...Peterkin, who has worked with Young in the past, added that the disparity in wealth??which is generally wider in Cambridge than it is in Newton—contributes to the district’s achievement...
Meanwhile, the accumulation of such immense tax-free resources is increasingly garnering criticism. Business Week has decried the “dangerous wealth?? of the Ivy League. The Wall Street Journal warned of the perils of amassing “war chests.” The wealthiest institutions can now out-compete for top faculty and students, thereby threatening the diversity of research and scholars at less-equipped institutions...
...Grassley’s investigation made ripples for legislators outside of Washington. Three months after Grassley sent his questionnaires, a Massachusetts state representative—building on the senator’s contention that universities are hoarding wealth??introduced an amendment to the state budget that would impose a 2.5 percent annual tax on every dollar of endowment in excess of $1 billion. The amendment did not pass, but has been submitted to the Department of Revenue for further study...
...stars (Re-Up/Star Trak/Jive) "Excuse me if my wealth??s got me full of myself / Cocky’s something that I just can’t help.” Thus spat Malice four years ago, on single “Grindin’” off Clipse’s first release entitled “Lord Willin’.” Now he and his brother Pusha T are back, and Malice’s tune has changed: “So even when the mumblers talk / I still walk the most...