Word: dollarization
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...basketball coaching staff, Max began the transfer application process to Harvard College. The long and complicated transfer application required writing two comprehensive essays, compiling a transcript drawn from two countries, and drawing necessary documents from his home in France and schools in the States (which cost him a 75 dollar translation fee). Not only was Max able to pull all this information together and submit it along with the 65 dollar application fee, in addition to the 43 dollars the College Board charges to submit SAT scores, but he was able to do it all without a stable home...
...Dean of the Faculty Michael D. Smith said at Tuesday’s Faculty meeting that Harvard will spend “over a billion dollars” to renovate the undergraduate Houses, adding yet another commitment to the University’s multi-billion dollar construction tab for the next half century...
...Then, there's the question of speculation and exchange rates: Investors have poured billions into oil futures, in part because oil is priced in dollars, meaning that its price soars as the dollar sinks. "There's only so much OPEC can do, because we have no influence over those factors," says Qabazard...
...Most developing countries also lack the capacity to administer effective care. Coverage rates of the vaccine for dipheria, tetanus, and pertussis—despite costing less than a dollar per dose and only having to be administered once—have stagnated at around 50 percent in sub-Saharan Africa since its introduction in the 1970s. Efforts to introduce more complex treatments, including AIDS treatment, encountered the same implementation bottlenecks: a lack of human resources, physical infrastructure, supply chain capacity and managerial oversight...
...Harvard University, as a leader among research universities, should take significant steps to scale up both NTD research and global health delivery science. New, multi-million dollar, multi-disciplinary centers for research in both areas should be established, complete with administrative capacity for inter-disciplinary collaboration, funding for junior researchers, support for tenure-track positions, and formation of overseas capacity for research and training. Because of the lack of traditional research funds in this field, the university must be proactive in seeking non-traditional sources of financial support, including philanthropic foundations and alumni champions. Although the challenges to each field...