Word: money spinner
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According to Claire B. Spinner, the chief financial officer for Cambridge Public Schools, the application forms for these grants which the district must fill out to receive the funding have not yet been released. She added that the spending and reporting regulations will be very stringent, and that the money can only be used for specific purposes...
...district has not determined exactly what it plans to do with the stimulus money, although Spinner said the funds, which are expected to be temporary, should not be used to create programs or hire personnel that will need to be sustained for longer than two years...
...returned. But this time out, Peter Benchley has jettisoned the oversexed surf-and-turfers in favor of Timothy Burnham, a fortyish journalist turned speechwriter whose only obsession is quoting the wisdom of Samuel Johnson, as in ''No man but a blockhead ever wrote, except for money.'' Burnham writes not only for money but for President Benjamin T. Winslow, bullying, foul-tongued and Johnsonesque (Lyndon, not Samuel), and the assignments are rarely more demanding than ''Representative Whipple has told me a great deal about the fine work you ladies are doing in the Leesburg Macrame and Dialysis Society.'' The President barely...
...could use some help. A lack of big hits - just as CD sales are falling off a cliff - has left its recorded music business out of tune. (Its sister publishing business, which licenses the use of tracks from a bulging back catalogue, is still a massive money-spinner.) Lacklustre sales from artists like the British singer Robbie Williams meant revenues tumbled 16% in the year to last April to $3.4 billion. But is a former Goldman Sachs trader with no experience in the music business the man to make EMI sing...
...surprisingly the big banks - many of them still nursing their wounds from the subprime meltdown - are eager to embrace this new money-spinner. Institutions like ABN Amro, Merrill Lynch and HSBC have all created structured products built around their own indices: protected offerings, for example, that track an index but give a minimum guaranteed return, or leveraged offerings that amplify gains and losses. They can be used to hedge risks presented by global warming, or simply to bet on the likelihood that cash will continue to cascade into the sector...