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...Another example of Harvard’s commitment to global health is the Technology Development Accelerator Fund. Launched in 2006, the TDAF provides (on a competitive basis) dedicated research support to Harvard faculty in order to perform key experiments that enable early stage inventions to achieve “proof-of-concept,” thereby increasing the probability that they can be licensed to industry for commercial development. To date, the TDAF has awarded close to $3 million to support applied research being performed by Harvard scientists...
...Harvard Law School Library has established the Morris L. Cohen Fellowship in American Legal Bibliography and History, which intends to fund expenses for scholars who must travel to Harvard to access the Library’s Special Collections. Close to 40 percent of the graduate students who contact the Library hoping to consult the materials in Special Collections are not affiliated with Harvard, according to David R. Warrington, the Special Collections librarian. The department houses nearly 2,000 feet of linear manuscript, more than 200,000 rare books, and over 70,000 visual images. “The fellowship will...
...Larson left HMC in 2004 with a $500 million initial investment from Harvard to start his own hedge fund, Sowood Capital Management. But Sowood collapsed in 2007 due to heavily leveraged investments in corporate debt—making national headlines as one of the first high-profile hedge fund implosions of the subprime mortgage crisis—costing Harvard $350 million...
...below the national average, but represents a 4 percent increase from January. Both speakers focused on the impact of budgetary shortfalls on Massachusetts’ education system and health care system. The budget for fiscal year 2010 will almost certainly include significant cuts in health care spending, while maintaining funding for Massachusetts schools, they said. Massachusetts currently devotes 31 percent of its budget to MassHealth, the Massachusetts Medicaid system, according to Kirwan, while approximately 20 percent goes toward schools. Kirwan noted that the health care system has “significant reserves,” which they can access...
...Stimulus Spending As an economic theory, the concept is widely accepted: When consumer and corporate spending collapses, government should increase its spending to prevent a downward economic spiral. The real controversy comes with the next questions: Which government, and by how much? Economists at the International Monetary Fund have recommended globally coordinated stimulus spending of about 2% of GDP to counteract the recession. But so far, that challenge has only been accepted to varying degrees. As a group, European countries, including members of the G-20 like France and Germany, have proposed lower rates of stimulus spending, both this year...