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...last year. Its endowment in 2009 may be no more than Yale’s endowment was in 2007. But it is not money alone that makes a partnership and developing land that Harvard already owns could be at least a break-even venture. Schools much smaller, with far fewer financial and intellectual resources, have formed true and productive partnerships with their local neighbors. The University of Pennsylvania’s deep commitment to local engagement described in its “Penn Compact” and the University Park Partnership between Clark University and Worcester, Massachusetts are two worthy...
Amid the economic downturn, Americans are buying fewer new cars and light- trucks, or even used cars. In recent weeks, GM announced a third- quarter loss of $2.5 billion. And the major automakers have stirred a vigorous debate over how much, if at all, the federal government should be involved in rescuing yet another ailing industry...
...careful whose gift cards you buy this season. As retailers struggle with recession, debt-laden consumers, unfriendly bankers and declining property values, fewer of them will be around next year. "By the end of 2009, the number of retail players will be down by at least 25% and could be down by as much as 40%," says Britt Beemer, chairman of America's Research Group, a consumer-research and marketing firm based in Charleston, S.C. "I expect the number of bankruptcies next year to be more than we've seen in the last five years combined...
...East Africa. Now there is alternative energy and development. Unfortunately, combining goals can occur at the expense of both endeavors. For example, biofuel production will supposedly create jobs for Tanzanians, but when I spoke with SEKAB, a Swedish biofuel company, they told me production would be mechanized, requiring fewer workers. If they truly want to meet “development” goals, biofuel companies would have to make choices that may not reduce green house gas emissions or generate profit, choices these companies are unlikely to make...
...unexpected conditions and engage in active crowd control on the night of the show. Ultimately, these particular mistakes are a sign of the CEB’s inexperience in planning events of this nature. Going forward, the solution to this problem should be to throw more such concerts, not fewer. The CEB should host more bands every year, including alternative acts like Girl Talk, which appeal to substantial and enthusiastic minority of the Harvard student body. To do so, of course, will require more support and funding from the College. In that vein, the College should not be dissuaded from...