Word: grewing
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...timber, agricultural land, and real estate—comprised roughly a quarter of the then-$37 billion endowment.Eventually, during these early years, she became vice president of external management, a post that had her overseeing investments in private equity, real estate, and emerging markets—a portfolio that grew to be worth $7 billion.After having gained extensive experience and knowledge of portfolio management during her first decade and a half at HMC, Mendillo departed in 2002 to take the top investment job at Wellesley, where she managed the school’s billion-dollar endowment. There, she implemented...
...students.” Perry also introduced Rajan’s speech, noting that he was selected from more than 25 applicants who presented their speeches in two rounds of competition. When Rajan took the podium, he began with a series of jokes, but his remarks quickly grew more serious. Rajan emphasized the ways in which many have lost faith in the business community due to the financial crisis. He added that despite this, students could use their knowledge and experience to help improve the world. Rajan noted that more than 400 students had signed up to recite an oath...
...they do not necessarily have strong influence over their content.“They are consulted,” McLoughlin says.SOCIAL SPACE UNCERTAINTY Even on the more level playing field of Council politics, Flores has faltered at times in applying Neustadt’s aphorism. As some UC members grew disillusioned with an inability to elicit responsiveness from administrators on the issue of social space, they opted to organize their own effort to provide said space to undergraduates. The debate on the matter came to a head during a May 3 meeting, during which the Council passed legislation authorizing...
...party dominance. From 2001-2007, Republicans controlled both Houses of Congress and the White House. At the height of its power, following the 2004 elections, Republicans had a 55-seat Senate majority and a 232-seat House majority. Some party leaders got carried away and pursued policies that grew their own power at the expense of American taxpayers. Their unlimited power led to runaway spending, an explosion in obscenely wasteful and parochial earmarks, a lack of transparency, and once again corruption that sent several members of Congress to court and some to prison...
...more. A unified Democratic government passed a partisan $787 billion stimulus bill and another $410 billion spending bill. After promising to end the Republican tenure of pork-barrel spending, these massive bills included titanic lists of pork projects. The projected budget deficit for the fiscal year 2009 grew to $1.8 trillion, or a shocking and nearly unprecedented 12.3 percent of our gross domestic product. They then proceeded to pass a new record-breaking $3.6 trillion budget for the upcoming year...