Word: funding
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Dates: during 2000-2009
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Harvard first announced plans in February to slow construction on its much-touted Allston Science Complex due to financial pressures and an unprecedented drop in the endowment. And to top off the University's financial woes, Harvard’s multi-million dollar Allston development fund had been all but wiped out by the financial crisis as of early March, scuttling the hopes of some Harvard faculty and administrators that the money could be diverted toward their own strapped budgets. Allston residents feared Harvard would halt construction on the science complex—a core component of the University?...
...host the Olympics. Meanwhile, Lula's opposition flailed aimlessly. His personal popularity regularly exceeded 70%, leading Barack Obama to call him "the man." In perhaps the most remarkable turnaround, and certainly the most ironic, the former economic basket case even offered to lend money to the International Monetary Fund. (See why Brazil survived the economic downturn so well...
...billion was pledged in aid, with an unprecedented $5.5 billion donated by the general public. Not since the Live Aid famine-relief concerts of 1985 had the world's compassion been so galvanized. At one point, Britons were donating nearly $14,000 a minute to the main tsunami relief fund. The wave slammed into Asian and east African shores, but the whole world seemed to absorb some of its impact, some of its grief. Today we can reflect upon what our overwhelming response five years ago means as we face other global emergencies: that out of nature's darkest hour...
...European Commission's "progress reports" on its efforts, the latest of which underlined privatization and fighting organized crime as priorities for the government. And E.U. officials were pleased with the austere 2010 budget approved by Serbian lawmakers Monday that meets the strict terms of a recent International Monetary Fund loan. Belgrade is also rethinking its military options after neighbors Albania and Croatia joined NATO earlier this year, meaning most of Serbia is now surrounded by the alliance that bombed it in 1999. Serbia has already joined NATO's Partnership for Peace (PfP) program, a cooperation framework for NATO member aspirants...
...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 Caja Laboral, which also handles consumer saving and lending, might be developed...