Word: costs
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Dates: during 1970-1979
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According to the Inter-American Commission on Human Rights of the Organization of American States, the National Guard's quelling of September's revolt cost 5,000 lives (Somoza claims it took 1,000). Leading the Guard's raid of resistance center Leon was Somoza's 27-year-old son, Anastasio Somoza Portocarrero '73, who many claim is being groomed to replace his father at the head of the Guard and the country. "Tachito," as he is called, was promoted last month to Lieutenant Colonel after reportedly ordering the shooting of Red Cross ambulance drivers who had helped the opposition...
However, the departments possess one last line of resistance--the matter of finances. If tutorials are to be staffed completely by professors, Walls points out, departments will simply need to appoint more professors. As Henry Adams remarked, "The whole problem of education is one of its cost in money...
...that one loss cost Moses his job is inaccurate. Most team members said they felt the success of the team directly resulted from coaching before they came to Harvard. Although Tung and captain Jenny Stone have improved immeasurably since their arrival, anyone as dedicated as they are is bound to improve...
There are two types of costs associated with divestiture: one-time costs (brokerage commissions and short-run price effects) and recurring annual costs. Harvard estimates the one-time costs at $5-15 million. But even the "low" estimate of $5 is based on inflated brokerage commissions. Moreover, no one is calling for instantaneous divestiture; if the stocks were sold over a period of a year or so, the cost would be considerably less. In any case, Harvard normally turns over 20-30 per cent of the portfolio each year. More realistic estimates, based on Stanford University's figures...
...primary recurring expense involves so-called "opportunity costs." This is the potential lower profit which comes from avoiding stocks of companies which operate in South Africa. Of course, this cost is highly speculative--Stanford did not even venture to estimate it. Harvard's estimates of $1.8-6.8 million annually for recurring costs are based on a Princeton study of the stock market in the years 1953-1968. This study demonstrated the overall greater profitability of investment in the large multinational corporations, which comprise the bulk of U.S. business interests. However, in the ten years since 1968 the multinationals have...