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...wealthy universities have defended their sub-five percent payout rates as necessary to build a cushion against periods of financial downturn. Several of Harvard’s schools are heavily dependent on endowment money to fund their operating budgets. While some Harvard schools, like the School of Public Health, draw most operating revenue through grants and tuition, others, such as the Faculties of Arts and Sciences and the Divinity School rely heavily on endowment income. Those two schools drew 46 and 66 percent of their operating expenditures, respectively, from their endowments as of 2006. Harvard has emphasized that its endowment...
...tone and manner of the exchange. (On the transcript, Palin's attempt at defining the Bush Doctrine was "His worldview." On the screen, it was "His worldview?" - with a hint of a challenge in it.) She injected "Charlie" into her answers constantly, as if trying to draw him in; he kept a distanced and almost curt manner, following up briskly and often. After a few follow-ups to his question on whether the U.S. had the right to invade Pakistan to pursue terrorist leaders, he asked bluntly, "I got lost in a blizzard of words there. Is that...
...campaign responded with the message that Obama is experienced enough to think critically about the issues, but inexperienced enough to be untouched by the corruption in Washington, a careful balancing act. Now it seems that Palin is trying to do the same. While this parallel may draw some voters, it seems to provide more evidence instead for McCain’s hasty vice presidential decision on an inexperienced leader...
...with the Center for a New American Security in Washington, is still puzzled by the decision. "I would not say we are winning the war in Afghanistan, so we're in a tough position," he said. "Frankly, I'm a little surprised - I thought we were going to draw down a little faster than we're going to." (View a brief history of the Iraq war here...
...number of storms worldwide holding about steady - in fact, some scientists argue that warming might actually bring about a reduction in the overall frequency of storms. But the Nature paper argues that warmer sea-surface temperatures will result in stronger storms, because hotter oceans mean the developing storms can draw more warm air, which powers the storm. "Hurricanes are driven by the transfer of energy from the ocean to the atmosphere," says Kerry Emanuel, a meterologist at the Massachusetts Institute of Technology. "As water warms, the ability of water to evaporate goes up, and a greater evaporation rate will produce...