Word: siphoning
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...VOIP champion Skype (now part of eBay) to allow Skype software users to call anywhere from hot spots through headset-equipped laptops. If just some of Skype's 66 million registered users connect via the Cloud instead of a mobile network, mobile operators will lose revenue. The Cloud could siphon off even more mobile dollars next year when handset giants Nokia and Motorola start selling dual-mode phones that let users call via the Net or mobile networks, without Skype's software...
...Brookline and Somerville. According to the statistics, Cambridge schools spent far more per student on instructional materials, professional development, and administration than the other two districts, using funds Nolan believed could be better spent elsewhere. In a burst of emotion, committee member Alfred B. Fantini said the motion would siphon money from other important areas of the budget. “If you’re going to bring in motions, bring in the cuts directly. Bring in the names of the people you want to cut. This is too vague,” he said. The committee...
...easy to wrap up as Quattrone's. Several British bankers, known in England as the NatWest Three, were hauled to Texas in July, after loud protests back home and a drawn-out extradition process. They face charges that they worked with ex-Enron CFO Andrew Fastow to siphon millions of dollars from a deal between their former employer, National Westminster Bank, and Enron. And in August, most of the convictions of four former Merrill Lynch executives, who stood accused of helping Enron inflate earnings by charading a loan as the sale of energy-producing barges, were overturned. An ex-Enron...
...budget through intensive fundraising, increased income from the endowment, and creative money management.At issue is whether the recent resignations of Summers and Kirby will cause future fundraising efforts to fall short of their target. Also unanswered are questions about the planned expansion into Allston, where sprawling building projects will siphon even more money—and, perhaps, donors—away from FAS.Kirby and others have played down the significance of those questions. The dean last month called the financial plan “quite strong,” and Gary King, a member of the FAS resources committee, wrote...
...Additionally, the argument that cultural, ethnic, and gender groups siphon members off from non-racial or non-gender groups overlooks the fact that very often these groups motivate their members to get involved in other groups. The BMF makes an elaborate effort every year to get its members to run for and be elected to the UC; the UC presidential candidacy of current BMF President Tracy Moore ’06 is the most prominent example of this...