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Harvard Business School has selected its first-ever Social Entrepreneurship Fellow, the school announced Wednesday. Elizabeth M. Scharpf, a 2007 graduate of the Business School and the Kennedy School, will receive $25,000 to fund a social venture she has started. Her business, Sustainable Health Enterprises, aims to make low-cost sanitary napkins from locally-sourced materials for women and girls in developing countries. The pads, which are being introduced in a pilot project in Rwanda, will allow women and girls to stay at work and in school while they are menstruating. Currently, many African girls miss...
...Vegas - all will go dark for an hour to raise awareness of climate change and show that there is a worldwide constituency out there eager for action. "This is the only event regarding climate change that is truly global," says Carter Roberts, the president of the World Wildlife Fund (WWF) in the U.S., which is coordinating the event. "Climate change is the most global of problems, and the global community needs to come together to solve it." (Read "Earth Hour '08: Did It Matter...
...century began Thursday as former president Chen Shui-bian showed up to court to face corruption charges that could result in a life sentence. Chen is accused of taking $9 million dollars in personal kickbacks on a state-sanctioned land deal, embezzling over $3 million from a state fund and laundering millions to overseas accounts. Chen has already admitted his wife wired $20 million in leftover campaign funds overseas, but he insists his case is one of political persecution by the new Kuomintang (KMT) administration, which has been forging closer ties with China since coming into power last...
...International institutions and Western governments have said they will assist Harare if the new government meets certain demands. "IMF staff stand ready to continue to assist the authorities through policy advice," the fund said in a statement on Wednesday, after its team finished a two-week visit to the poverty-stricken country. But "technical and financial assistance from the IMF will depend on establishing a track record of sound policy implementation, donor support and a resolution of overdue financial obligations to official creditors, including the IMF." Zimbabwe owes the IMF and other institutions more than $1 billion...
...rest of the event mostly covered matters that had already been handled. He defended his budget in the face of the extraordinary deficits it would produce under economic projections by the Congressional Budget Office, projections the White House believes are overly pessimistic. He described his decision to fund expanded stem-cell research as a difficult ethical one. He said that aside from some of the understandable elation around his Inauguration, he did not believe that his race had figured much in his first 64 days in office...