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...loans that we have to pay back," explains Ford spokesman Mike Moran. "Direct loans to automakers and suppliers will support American workers and strengthen the future of U.S. manufacturing and the economy. Borrowing capital at a lower cost than the double-digit interest rates we are now paying will allow us to accelerate investment in fuel efficient technologies and help us transform quicker...
...cellular processes crucial to human health and disease. In light of its early and unchallenged success, the Broad Institute will now transition to a permanent non-profit organization, with both Harvard and MIT continuing to help govern it. Lander said that the nature of a permanent endowment will allow for tackling long-term problems with “10-year horizons or longer.” “This is about an expansion in time,” Lander said. “The goal is to put this endowment away for a period of years so when...
...wealthiest universities, including a $22-milion expansion at Harvard, as “self-correcting.” Harvard and other schools with billion-dollar endowments have fought efforts to legislate payout rates, saying that donor restrictions and inconsistent returns require more flexibility than a mandate would allow. “We must balance our use of its income to support the current generation against our duty to preserve its purchasing power for future generations,” University President Drew G. Faust said in her Commencement address in June. “We cannot treat our endowment...
...International textbooks are printed - frequently in India, although sometimes in other Asian nations - under copyright agreements with Western publishers that allow the books to be sold for a discounted price. "The reasoning is that people in other countries can't afford the higher prices," said Swarthout, "so this is a way to provide them with the same quality of education as we get in America." But just as the Internet has enabled illegal access to music and movies, so too has it opened the international book market - especially to the hands of college students. International textbooks are available on major...
...William Bookstore in New Delhi. AbeBooks includes a disclaimer on its textbook page, warning that selling an international edition in the United States or Canada may violate copyright law. However, "no legal precedent has been set," says AbeBooks spokesman Richard Davies. "Until we know otherwise we will continue to allow our booksellers to sell the books...