Word: funds
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...world first, Xstrata, a $28 billion Swiss global mining company, has agreed to fund an endangered species' recovery. In exchange for spending millions on the marsupial, Xstrata's name will appear on everything wombat: from websites to educational DVDs to shirts worn by wildlife workers. Xstrata execs will also star in documentaries about the northern hairy-nose and speak at media events. Call it the ultimate in green corporate branding...
Branding endangered species rankles some greens, but Michael Bean, chief of the Environmental Defense Fund's wildlife program, sees it as a positive trend as the list of imperiled animals grows and other funding falls. "Potentially, it can do a lot of good," he says, "as long as there are no strings attached." Australia's Treasury Secretary, Ken Henry, spent a month with the hairy-noses as an Epping caretaker. "It's absolutely terrific what Xstrata has done," says Henry, an ardent conservationist. "There's opportunities for other corporates to get involved with other species." Memo to Tasmanian devil...
...UC’s decision to fund this promising business has been met with considerable controversy. Some UC members have voiced opposition to the idea of the council funding for-profit businesses; others have objected that the recent grant is not part of the council’s mandate to improve student life at Harvard. These objections, while well intentioned, are undermined by the simple fact that Get Out of Cambridge provides a much-needed service that has heretofore not existed on campus and therefore deserves support from the larger undergraduate community. Additionally, since the UC was given a stake...
Observers suggested that this was a sign that Madoff was maneuvering to avoid charges against the rest of his family, noting that none of the 11 counts he admitted to - including fraud, perjury and theft from an employee-benefit fund - involved conspiracy...
When the session adjourned, mobs of reporters outside the Daniel Patrick Moynihan U.S. Courthouse congregated around any victim willing to speak. Ilene Kent, part of a Google group for Madoff "survivors," said her entire family had invested in Madoff's fund. Did she think he was sorry? "Hell, no," she said. "He's sorry he got caught." She took little comfort in his refusal to look at the victims, even though she thought it betrayed some remorse. "I was shocked," she said. "Maybe his blood isn't cold...