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...pledges to divest from companies meeting very specific criteria. Today’s globalized and interconnected world, however, makes indirect investments a thorny issue. Firms invest in other firms, partner with other firms, and hold complex financial instruments that give them partial claims to ownership of yet other firms. Add to this the dynamic and quickly-changing nature of today’s business environment, and it becomes almost impossible for an institutional investor of Harvard’s size to completely separate itself from any segment of the global market. “Total divestment” is little...
...happens to be a dubious claim. Sure, movies, music and TV shows have value--as do, I feel compelled to add, magazine columns. But they alone have never generated the huge, reliable profits that keep investors happy and pay for midtown-Manhattan skyscrapers. No, the big money in media has always been in distribution...
...chair Donald H. Pfister said that Houses had been consulted throughout the process.“The Houses are generally quite supportive because they see this as enhancing the academic mission of Houses,” said Pfister, who is also the Gray professor of systematic botany.The College will add new funds to the $9,000 currently designated to Houses for advising in order to compensate the new coordinators, Dean of the College Benedict H. Gross ’71 wrote in an e-mailed statement.—Staff writer Rachel L. Pollack can be reached at rpollack@fas.harvard.edu...
...opposition and declared victory. Standing before 1,700 true believers at the 1985 Conservative Political Action Conference (CPAC), he proclaimed, "The tide of history is moving irresistibly in our direction. Why? Because the other side is virtually bankrupt of ideas. It has nothing more to say, nothing to add to the debate. It has spent its intellectual capital." At this year's conference two weeks ago, Reagan's name was invoked more than anyone else's. But the mood at the most storied annual gathering of conservatives was anything but triumphal. John McCain, the Establishment favorite...
...resolution also urges, but does not require, U.N. member nations to refrain from giving financial assistance to Iran except for humanitarian and development purposes, and bans Iranian exports of conventional arms. U.S. officials hope to use this provision to add the force of international law to its efforts to prevent Iran from smuggling arms to its allies elsewhere, particularly in Iraq, where the U.S. charges Tehran has been arming Shi'ite militias...