Word: rosenberg
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When asked who they thought won the debate, Adrienne K. Rosenberg ’11 was slow to offer a definitive answer...
...question remains whether, as Lehman begins the forced selling of its more troubled assets, that will drive prices for some real estate securities down so far that other firms land in trouble as well. Merrill Lynch North American economist David Rosenberg predicts that Lehman's demise will begin a long, painful process of unraveling trillions of dollars in derivatives "to identify how big the potential losses are and where they are being held...
With reporting by Grant Rosenberg...
...process that started, slowly, under Loyrette's predecessor, Pierre Rosenberg, in the 1990s, when the government changed the Louvre's official status and gave it some limited autonomy. Loyrette and Selles have taken that opening and gone further, wresting management of the museum's finances and staff from government bureaucrats and, in exchange, signing a deal with the Culture Ministry that commits it to meet certain performance targets. In the past, the Louvre didn't even get the receipts of its ticket sales - instead, the money was put in a pot and divided up among all French museums. "We used...
...past. Its annual acquisition budget has jumped from $4.5 million in 2004 to $36 million last year. Changes to French tax law in 2003 have helped: companies now have big fiscal incentives to make donations. But Loyrette has also built out the tiny three-man fund-raising department that Rosenberg set up in the late '90s into a full-time operation with 19 staffers. And the Louvre is about to launch a U.S.-style endowment fund - the first in France - using the money from the Abu Dhabi deal to ensure it can finance a bevy of ambitious projects...