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Harvard Law School Professor Alan M. Dershowitz has called for a “counter-disinvestment campaign” against Hampshire College unless the school explicitly denies claims that their recent decision to withdraw from a mutual fund represents an act of divestment from Israel. Hampshire administrators decided earlier this month to withdraw investments from a State Street mutual fund with holdings in six companies contracting with the Israeli military, after a college student group, Students for Justice in Palestine, petitioned the school to divest because of the companies’ ties to what students called “Israel?...
...Geithner, fortunately, does not face this old-fashioned run on the bank. Yet cooperation from the private sector is just as crucial today as it was in 1933. Creating an effective public-private fund requires incentives for private investment, and incentives depend on specific terms. This is exactly what Geithner’s fund is missing and exactly why future Friedmans and Schwartzes might criticize Geithner for “absence of vigorous intellectual leadership...
...only specifics offered about the fund, so far, are speculative. In two parts, the Treasury’s plan describes first the “public-private financing component,” which could “leverage private capital on an initial scale of up to $500 billion, with the potential to expand up to $1 trillion.” Second, the plan proclaims that “private sector buyers [can] determine the price for current troubled and previously illiquid assets.” Why should private investment funds supply this capital? And why would private firms...
After heated debate, the Undergraduate Council passed legislation yesterday allocating $300 to the creation of brochures that inform students about the options available to pregnant women at Harvard. The Council also granted $24,151.45 to student groups in its first round of funding for the spring semester. The brochure will provide information on options relating both to termination and to pre-natal and post-natal care. The bill, which was co-sponsored by high-ranking members of the Harvard College Women’s Center, Harvard Right to Life, Harvard Students for Choice, and the Radcliffe Union of Students, allocated...
...Undergraduate Council will loosen restrictions this week governing use of $45,000 of the Student Life Fund—a $75,000 pool created to finance student group travel and House formals—in order to allow more grants to be distributed in the upcoming semester. The fund, established in Sept. 2008, draws from Dean of the College Evelynn M. Hammonds’s discretionary budget. Prior to its creation, the UC only funded travel within the Boston area. But with just $2563.08 distributed to student groups for transportation costs last semester, the caps placed on the fund?...