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...never see the sun again. It’s going to be a nightmare.” Residents also demanded more condos, retail space, and parkland, in addition to greater income diversity among the residents of the proposed Charlesview apartments. In mid-February, Community Builders, Inc., the firm that has led negotiations with Harvard on behalf of Charlesview since 2004, filed a project notification form with BRA, a move that kicked off a period of soliciting public feedback. Harvard’s hands-off approach to the Charlesview relocation has been the subject of strong criticism from residents. Although Harvard...
...Similarly, on the nuclear issue, Britain's ambassador to the U.N., John Sawers, told reporters that the Security Council would hold firm in the demand for Iran to suspend enrichment, but would pursue that goal through ongoing negotiations even as the limited sanctions are put into effect. Last year's U.S. National Intelligence Estimate, which concluded that Iran does not currently have a nuclear weapons development program has, in effect, removed the sense of looming crisis that had once driven the issue, and rendered the option of a U.S. military strike to destroy Iranian facilities highly improbable. (It is acknowledged...
...study Researchers at the biotech firm Novocell report the first successful use of human embryonic stem cells (HESCs) in treating a disease--diabetes--in mice. After generating HESCs from excess fertility-clinic embryos, the scientists cultured the cells for 12 days in a medium that directed them to become pancreatic cells. These were transplanted into mice whose own pancreatic cells had been deliberately destroyed, making them insulin-deficient. Within 45 days, new cells began producing fresh insulin...
...main reason Visa can contemplate an IPO now is that, for all the troubles, large parts of the global financial system continue to function just fine. If you have bad credit and want a mortgage or you run a private-equity firm and want to finance a $15 billion takeover, forget it. But if your credit's O.K. and you want to charge a trip to Hawaii or you're the profitable, growing leader of the global electronic-payments business and you want to raise $15-plus billion...
...condition linked to debt and unnecessary spending, according to a new study by Peter Tufano ’79, a professor of financial management at the Business School, and Annamaria Lusardi, an economics professor at Dartmouth College. The survey, conducted by the global market research firm TNS, asked 1,000 Americans about credit card debt. Over 64 percent of respondents could not correctly estimate how their interest would compound over time. The majority of people also said they did not understand minimum payments, and few could determine the different financial consequences between paying monthly installments or a lump...