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...initially sold to a group of investors in 1996 for $1.3 billion, was purchased by Harvard for roughly half that amount seven years later. The 1997 Asian financial crisis had put a dent in timber prices, contributing to the investors’ financial woes. According to the initial purchase agreement, Harvard owns cutting rights in the forest, but the government retains ownership of the land, which is expected to eventually be ceded to Maori Indian tribes. The timber is grown on a managed basis with the express purpose of cutting it down to sell for profit...

Author: By Cyrus M. Mossavar-rahmani, CRIMSON STAFF WRITER | Title: Harvard Chops Stake in Forest | 11/1/2006 | See Source »

Although the sentiment did not faze many (if any) people in the room, the agreement shocked me. What about the 43 states that currently have some sort of legislative ban on gay marriage? What about the key battleground states—including Tennessee and Virginia, whose Senate races can tip the balance of Congress—which will likely pass constitutional bans against gay marriage next week? What about Alabama, where 80 percent of voters chose to ban gay marriage through a constitutional amendment this summer...

Author: By Andrew D. Fine | Title: The 'Comfort' in Discomfort | 11/1/2006 | See Source »

Harvard’s graduate schools, on the other hand, do have one common preferred lender: Citibank. According to the Harvard Business School (HBS) Web site, HBS finalized an agreement in 1998 with the Student Loan Corporation, a subsidiary of Citibank, under which Citibank would be granted preferred lender status. While international students can receive direct subsidized loans from HBS, the school also advertises CitiAssist loans, which have higher interest rates than the Federal Direct Stafford/Ford Loans and the Federal Perkins Loan, but are available regardless of citizenship status and have more flexible credit requirements...

Author: By The Crimson Staff | Title: Flirting with Financial Aid | 10/31/2006 | See Source »

...negotiating a preferred lender agreement does not excuse financial aid offices from fully informing students about their options and the different incentives that various lenders offer. When asked why more comprehensive loan comparison data isn’t available in a brochure or on the HLS Web site, Ryan cited time and space limitations, saying that “we just don’t have it put together,” while dismissing the University’s preferred lender agreement with Citibank as irrelevant. Moreover, University Financial Aid Liaison Officer Laurie A. Hogan told The Crimson that...

Author: By The Crimson Staff | Title: Flirting with Financial Aid | 10/31/2006 | See Source »

...Diplomats from China, North Korea and the U.S. announced the agreement Tuesday after informal talks in Beijing, and it came only a day after the top American general in South Korea warned that Kim Jong Il would likely conduct further nuclear and missile tests before the end of the year. Christopher Hill, the chief U.S. envoy to North Korea, told reporters in Beijing that talks could resume "in November or possibly December," and that Pyongyang had reaffirmed its commitment to a preliminary agreement that had been reached last September, shortly before the talks fizzled when the U.S. cracked down...

Author: /time Magazine | Title: How North Korea's Diplomacy May Win Out | 10/31/2006 | See Source »

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