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...that error in calculation goes unfixed, a future increase in biofuel use could end up backfiring and derailing efforts to control global warming, according to the paper. "Biofuels can be an important part of the portfolio of climate-change activities," says Steve Hamburg, chief scientist for the Environmental Defense Fund and a corresponding author on the second Science paper. "But we have to make sure we incentivize the right way, or we could end up with perverse outcomes." (Watch a video about the environmental cost of biofuel in Indonesia...
...report issued by Moody’s Investors Service in April said that Harvard was considering halving its capital spending and new debt issuance due to investment losses. The report said that Harvard had previously planned on issuing $3 billion in new debt over the next few years to fund campus expansions, in addition to spending roughly $1 billion a year on capital projects...
...Textbook magnate N. Gregory Mankiw’s stock portfolio dipped. Economics department chair and hedge fund adviser John Y. Campbell got out too early. Even conservative investor Claudia Goldin suffered a drop in her retirement fund...
...what’s a humanities concentrator to do when the Office of Career Services seems to be solely focused on throwing free-pen-and-Nalgene recruiting events for the aspiring hedge fund crowd? The Crimson e-mailed 106 junior and senior humanities concentrators; 43 of them replied, four of whom said they had experience going to the OCS for help. Most replied that they’ve never had anything to do with...
...counter-intuitive to a lot of people,” Ian says. “I laugh when people are like, ‘It’s so risky!’ Do you have money in the stock market, or do you have money in a hedge fund? Here, at least I’m more or less betting on my assessment of myself rather than handing my money over to somebody else...