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...also becoming the chief financier for the U.S. clean-energy sector, retooling a sclerotic department to shell out about $39 billion worth of short-term stimulus projects - nearly 150% of its normal annual budget - while reorienting its long-term research and development toward artificial photosynthesis, advanced batteries and other technologies he envisions as low-emissions "game changers." Chu plays up his geeky image - he gave Jon Stewart a Nerds of America Society T shirt on-air - but he's no ivory-tower ingenue. "Energy," he says, "is all about money." He cut his teeth in the entrepreneurial culture of Bell...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...Fellows are selected in a rigorous process that includes interviews with students and staff, Purcell said. He also said that despite the University's budget troubles, the IOP has not made any reductions in financial support for the fellowship program...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: IOP Announces Fall Fellows | 8/21/2009 | See Source »

Having seen its prized F-22 fighter struck from the Pentagon's budget by Defense Secretary Robert Gates - who also fired the service's top two leaders last year - the U.S. Air Forces isn't in a laughing mood these days. So, when they recently became the butt of a joke by Army General David Petraeus, now overseeing the wars in Afghanistan and Iraq, some of the service's macho members felt wounded...

Author: /time Magazine | Title: Petraeus Zinger Wounds Air Force Egos | 8/21/2009 | See Source »

...this point, you’ve probably heard: Your soon-to-be alma mater is facing some, well, small financial difficulties. And by “difficulties,” I mean that the Faculty of Arts and Sciences is battling a mere $143 million budget deficit. True, we still have the largest endowment of any University in the world—by a long shot. But, in this time of crisis, Harvard needs to save some major dough. During its first round of cutbacks (which helped bring the deficit down from its original $220 million), the College unveiled...

Author: By Molly M. Strauss, CRIMSON STAFF WRITER | Title: Life Under Budget Cuts | 8/20/2009 | See Source »

Although he wouldn't directly comment about what role contractors played in the program, he pointed out that under the guidelines of the White House's Office of Management and Budget (OMB), the Agency is allowed to use contractors for intelligence analysis and collection. The CIA has declined to comment on whether it brought the private security Blackwater, now known as Xe Services, into the secret program, much less what role the firm played. (What happens when private armies take to the front lines...

Author: /time Magazine | Title: Officials Defend CIA's Use of Contractors | 8/20/2009 | See Source »

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