Word: invested
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Dates: during 1960-1969
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...housing corporation will be headed by Chairman Carter Burgess, former head of American Machine & Foundry, and President Ray Watt, a large West Coast builder. It aims to raise $50 million from large corporations and banks and a public sale of stock. Then it will invest most of the money in a number of partnerships of local builders and small investors. For every dollar that the corporation puts up, each local partnership will put up about three dollars. In addition, these partnerships will get FHA-insured loans under the National Housing Act for up to 90% of the costs of construction...
...then explained some of the bureaucratic changes his committee's report suggested--including developing new consultation systems, finding more constructive ways to invest university money, and giving one administrator central authority over community affairs...
...specialty, and the Bartlett Boom remains standard. Although many variations are permitted, it was the master's own strategy to assign one two-page and one thirty-page paper each term. He criticized the two-pager in great detail, and marked it stiffly; thus student were driven to invest a good deal of time into the thirty-pager--only to get it back ungraded, with the comment. "I don't think one can measure an effort of this sort by a number or letter...
This outlook has its effects on Calkins' approach to Harvard. Back when the University's failure to invest in ghetto business was a hot issue. Calkins explained the Corporation's reluctance. The gesture was pointless, he said. Harvard simply did not have the power of solve the problem. If students really cared about helping the ghetto, they should put pressure on the government to wield its might there...
Bennett has been criticized by SDS Middle South Utilities, a holding company for allegedly racist utility companies in the Deep South. Even if the companies do not discriminate, it might be considered unusual for Harvard's treasurer to invest the University's funds in a corporation which he has served as a director since its founding in 1949 and in which his own investment firm and he personally have financial interest. Middle South might be a profitable investment, but what seems like a possible conflict of interest could in some cases result in imprudent uses of Harvard's money...