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...trade emissions reduction scheme, which would auction off pollution permits to various firms. Obama has voted for critical tax credits to the renewable energy sector, including wind and solar energy companies. Additionally, Obama’s plan to invest a significant sum—up to $15 billion??€”in the development of alternative energy technologies represents a much-needed departure from the failed policies of the past eight years...
Despite months of market turmoil, Harvard’s endowment returned 8.6 percent for the year ending June 30, growing to $36.9 billion??€”the largest endowment total in higher education. Many other wealthy universities—including Yale, Princeton, Stanford, and MIT—have seen their endowments grow, albeit at a slower pace, even as the stock market has crashed...
...bailout plan. Possibly more disturbing than the economic flaws of the program are the ethical issues. As the former CEO of Goldman Sachs, Paulson has a conflict of interest. It seems that it would be really difficult for Paulson—or anyone given control of $700 billion??€”to resist helping out his former business buddies. Not surprisingly, Goldman Sachs has much to gain under the plan. If none of these reasons send out warning bells to Americans, the proposed freedom from review for Paulson’s $700 billion should. As former chairman of the Harvard economics...
...down significantly from previous years, it led a slew of universities with large endowments that managed to stay ahead of downward spiraling market prices. Yale announced late last week that its endowment rose 4.5 percent during the 2008 fiscal year—ending the year with $22.9 billion??€”and Stanford announced a 6.2 percent growth in its investments, leaving its total endowment relatively unchanged at $17.2 billion, after expenditures. Officials at Harvard’s neighbor, MIT, said yesterday that it had managed a 3.2 percent return over the past year. Its endowment now totals $10.1 billion...
...Americans, we have been, until recently, the largest contributors to the problem; 0.1 Zetajoules of energy are consumed annually in the United States—a nation of about 300 million—compared to the 0.45 Zetajoules of energy consumed globally—a population now over 6.5 billion??€”in 2005. Fortunately, efforts are being made to raise U.S. awareness of global warming and to reduce American consumption and demand for energy. Campaigns of varying scale, from student-led initiatives on campuses around the country to national documentaries, are being launched to bring up the issue; major...