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...fallout will be incomprehensible. Whatever social services and generosity that has come from the more wealthy nations will dry up along with the financial capacity that has created a history for large scale compassion. A hoarding of natural resources, especially those that are agriculturally based, would cause the cost of humanitarian aid to become unaffordable, especially when there is so little capital for eleemosynary efforts because of ruined economies. In places like East Africa, where millions of people look into the face of starvation every year, the misery could be apocalyptic...

Author: /time Magazine | Title: The Financial Crisis: The World At War | 3/3/2009 | See Source »

...probably is not.” Some MCB department members also said they were concerned that the University’s eviction of MCB faculty to make way for the stem cell department is indicative of a “corporatization” of science that comes at the cost of basic research. Meselson questioned the University’s prioritization of stem cell research, a highly specialized field that, he speculated, may not exist in 100 years.Jim Henle, a lab administrator in Fairchild, said he wrote a letter to University President Drew G. Faust criticizing the administration?...

Author: By Esther I. Yi and Peter F. Zhu, CRIMSON STAFF WRITERS | Title: MCB Profs May Leave Harvard | 3/2/2009 | See Source »

...nomination signals a major change in the Defense Department’s procurement policy. The selection of Dr. Carter is especially wise given the acute economic crisis. In January, President Obama inherited an inefficient national-security apparatus that has become accustomed to bloated budgets and continual cost overruns; last year, the Pentagon spent $104.3 billion on weapons procurement alone. This staggering sum, however, represented less than one-fifth of the Defense Department’s total budget of more than $515 billion. Since President Obama has made cutting the massive federal deficit a major priority of his administration, a modest...

Author: By The Crimson Staff | Title: Harvard at the Pentagon | 3/2/2009 | See Source »

...recently signed deal, which had been in the works for over six months and was conceived to replace a previous arrangement with Citibank, will provide eligible international students with loans up to the total cost of attendance at Harvard’s graduate schools...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Harvard Strikes Loan Deal | 3/2/2009 | See Source »

Potty Talk. RyanAir, the low-cost European carrier, floated the idea of charging customers 1 pound (about $1.45) to use in-flight toilets. It wasn't clear whether CEO Michael O'Leary was serious about implementing the fee, which he said would help lower ticket costs, or just courting media attention. Europeans may be accustomed to paying for using the facilities on trains and in public places, but let's hope domestic carriers don't latch on to the idea...

Author: /time Magazine | Title: Agatha Christie's Private Escape, and Other Travel Goodies | 3/2/2009 | See Source »

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