Word: exemption
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...study, released last Friday, raised the concern that the universities with large investment portfolios engage in “indirect tax arbitrage” by selling low-cost, tax-exempt bonds to finance some expenditures instead of spending endowment funds invested in high-yield assets...
...report from the Congressional Budget Office questioned universities’ issuance of tax-exempt bonds, a method Harvard has employed to raise cash over the past years...
This decision—which may not alter plans for this spring’s formals—will not affect formals being held off-campus. House events that do not serve hard alcohol or do not charge for admission, such as stein clubs, are also exempt from the change, said Assistant Dean of Harvard College for Student Life David R. Friedrich at yesterday’s meeting of the Committee on Student Life...
...That posting brought Hobson his own barrage of hate mail and threats, in part because the list included the name of a 12-year-old boy. Boyle says Hobson's use of the information "played right into the reasoning" for making the records exempt while members debated the bill...
...these reforms is really new," Kaufman says of the current White House-backed Democratic Banking Committee plan. He calls the provisions for new "resolution authority" to dissolve failing banks "an illusion," since the sheer size of the institutions makes painless, prepackaged liquidation unlikely. He worries about loopholes that exempt certain highly profitable derivatives from federal oversight. But most of all, he believes the current Senate plan, which relies on the wisdom of bank regulators, won't prevent another crisis. "The sad reality is that regulators had substantial powers," he announced during another Senate-floor speech in March, "but chose...