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...considering ways to regulate university endowments. The move brought a rebuke from Harvard, which insisted that Congress should not dictate how university funds are spent. At a Finance Committee hearing on Wednesday, senators considered measures including the repeal of university endowments’ tax-exempt status and mandating minimum yearly payouts to help lower tuition costs. The discussion at last week’s hearing focused on the spectacular growth of university endowments, which collectively increased by 17.7 percent to dollars in fiscal year 2006, according to testimony at the hearing. Average tuition for four-year colleges in the United...
...term, bilateral security agreement directly between Iraq and the United States. And while the proposed details have yet to emerge, similar U.S. agreements with other nations in the region - including Bahrain, Kuwait, Saudi Arabia, the United Arab Emirates and Qatar - have all involved a 10-year "protection" period, at minimum...
...Chrysler is particularly looking to sell cars in fast-growing developing markets, notably China and Russia. But it also expects to increase sales in mature markets, including Western Europe and Japan. In Europe, for instance, it's adding 100 new dealerships to aid that effort. Chrysler executives say their minimum goal is to double foreign sales to 400,000 cars within five years. That's an achievable target, according to Jeremy Anwyl, chief executive of auto research website edmunds.com. "They're looking to double from a low base, so they're giving themselves a little wiggle room...
Congress says it will stop granting such a big minimum of Homeland Security funding to states deemed at low risk of terrorist attack. But take a look at the difference between the old and new spending formulas...
LESS FILLING ... This summer Democrats hailed the passage of new Homeland Security legislation that halves the minimum percentage of federal funding that low-risk states receive, from...