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International copper prices rose markedly earlier in this decade. Instead of spending the funds on projects of near-term political value, Chile’s President Michelle Bachelet and Finance Minister Andrés Velasco (the latter on leave from the Kennedy School) took the lead to create an investment fund that would not be tapped for ongoing operational expenses. The fund could be used to help the Chilean economy avoid an economic collapse; when the worldwide financial crisis broke out 18 months ago, the Chilean government was ready with a countercyclical budget—it spent to cushion...
...addition, both companies have attracted overseas capital. Last spring, Daimler AG bought a 10% stake in Tesla to get access to technology, and Fisker's investors include a fund operated by the government of Qatar...
...Vaccines are one of our top priorities," says Dr. Nora Volkow, director of the National Institute on Drug Abuse (NIDA), which helped fund the study and will finance a larger study of the cocaine vaccine next year. In September, NIDA also granted $10 million for a clinical trial to the makers of NicVAX, a nicotine vaccine that works similarly to the cocaine vaccine - by stimulating the immune system to create antibodies that bind to drug molecules and prevent them from entering the brain. (Because people don't generally make natural antibodies to cocaine, the cocaine vaccine combines a cocaine molecule...
...collaborating with the Student Calamity Fund, an organization launched by Harvard Business School students in response to the typhoon, which has left 295 dead...
...workshop, which was earlier in the day, introduced previous grant recipients, NGS explorers and photographers, to more than 100 potential grant applicants. The Young Explorers Grant Program is intended to help fund research, conservation and exploration projects for people between the ages...