Word: prudently
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Known as the Uniform Prudent Management of Institutional Funds Act, the legislation would aid universities by eliminating the “historic dollar value” rule currently in effect in Massachusetts. The rule, a product of legislation dating from the 1970s, prevents institutions from spending from a particular endowment fund if its value falls “underwater”—below levels pegged to a specific point in time, such as the donor’s date of death...
...sharply worded address, which contained few catchphrases for the history books but did lay out a coherent and unflinching philosophy of government. Nearly 30 years after Ronald Reagan heralded the onset of his conservative age by saying "Government is the problem," Obama announced the arrival of a prudent new liberalism: "The question we ask today is not whether our government is too big or too small but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified." Conservatives assume such tasks - employment, health care, retirement - are the province...
...that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint...
...them.) He was also a greeting-card manufacturer who had secured all reproduction rights to the Helga pictures. After the publicity storm had been whipped to a peak, he sold the whole bunch to a Japanese buyer for a reported $45 million. At that point, Wyeth found it prudent to come forward to say there had never been a sexual relationship between him and his model, and his wife announced that actually she had seen some of the pictures before, though not most of them...
...number—and benefits received, which in a high wage, high cost-of-living state like Massachusetts is fairly high,” Monsell said. “I think increasing the taxable wage base to reduce the gap between employer payments and employee benefits would be prudent to consider.” —Staff writer Peter F. Zhu can be reached at pzhu@fas.harvard.edu...