Word: fixedness
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But that outflow of deposits is also part of a longer-term trend away from corporate credit unions. When the corporates were set up in the 1970s, they were meant to provide the liquidity that retail credit unions couldn't get elsewhere. As the era of deregulation descended on the...
The current model of endowment development, which is highly dependent on alumni-giving, further widens the gap between richer and poorer institutions, because wealthy universities tend to engender wealthier alumni who can give a bigger pay-back. As non-profits, universities are unbridled forces on the stock market. With no...
Additionally, the Medical School will not be able to slow spending on its fixed, non-discretionary expenditures, such as repayments on debt that was floated to fund the school’s capital projects for new construction and renovation.
"It raises the question as to whether the government should be offering low mortgage rates all the time, not just during a crisis," says Laurence Yun, chief economist of the National Association of Realtors, which has been pushing for a plan to lower mortgage rates for the past month. Yun...
DIED V.P. Singh, 77, was Prime Minister of India from 1989 to '90. His decision to reserve a fixed percentage of public-sector jobs for India's lower castes sparked riotous protests--and cemented his reputation among the poor as "India's Mandela."