Word: payment
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...residents across the city continue to argue that Harvard, with its hefty endowment and 189 acres of tax-exempt property, could do more to assist its host city. The University contributes a voluntary payment in lieu of taxes currently set at $1.7 million, and Stone says Harvard and city officials are making “slow but steady progress” on a renewed agreement...
Harvard agrees to pay Watertown $3.8 million annually with a 3-percent increase in each of the next 52 years. The payment will compensate the town for the loss of tax money resulting from Harvard’s purchase of the 30-acre arsenal site...
...celebrity has volunteered to help the magazine stay afloat. In Febuary 2003, Bruce Springsteen played two benefit concerts to raise money for the magazine. The shows, both of which sold out, allowed the magazine to pay off sizeable debts to contributors, some of whom had been waiting years for payment...
...ELECTED. KATSUYA OKADA, 50, to the presidency of the Democratic Party of Japan, the country's largest opposition party; in Tokyo. Former leader Naoto Kan resigned earlier this month after being implicated in Japan's ongoing pension-payment scandal. Formerly the party's secretary-general, Okada accepted the post reluctantly after other prominent party members declined, saying that it "may be my fate" to lead...
McGrath Studios’ yearly payment of $21,000 (1400 students at $15 each) to HYP is well worth it, because Harvard students buy roughly $70,000 worth of prints each year. The cheapest package is $39.95 and some students spend up to $400. Bob McGrath said 50 percent of students place an order, which is very high compared to other colleges, where he said 25 percent of students typically place orders. At Harvard, the average order is worth roughly $100. This means that McGrath can expect an average return of $50 in sales per photo shoot (since he gets...