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...year ending June 30, the MIT endowment generated an investment loss of 17.1 percent. When combined with the $518 million paid out for operations and the $143 million received in gifts and transfers, the endowment’s total value fell from $10.1 billion to $8 billion...
With gifts and payout, that loss translated to an $11 billion decrease in Harvard’s endowment—an amount greater than the total value of any other school’s endowment except Yale, Princeton, and Stanford. The value of Harvard’s endowment now stands at $26 billion, roughly the same level...
...Good Hope and many places in between, including countries that were once in India's sphere of influence. A massive deep-sea port being built by Chinese funds and labor at Hambantota, at the southern tip of Sri Lanka, has in particular riled Indian analysts. With a $1 billion facility also under construction in Gwadar, in Pakistan, China will eventually possess key naval choke points around the subcontinent that could disrupt Indian lines of communication and shipping. Reports of a tense standoff earlier this year between Indian and Chinese warships on anti-piracy patrol in the Gulf of Aden - though...
...regulations are "designed to be cost effective for the consumer over the life of the appliance," says Energy Commission spokesperson Susanne Garfield. The Commission expects California consumers to save between $50 and $250 in electricity costs over the life of the new televisions, and collectively save homeowners nearly $1 billion once the 2013 rules are fully implemented...
...Economists at the University of California, Berkeley, have developed a model that shows if California improves energy efficiency by just 1 percent per year, the state's climate policies will increase the gross state product by approximately $76 billion, increasing real household incomes by up to $48 billion and create as many as 403,000 new jobs...