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...other Boston-area universities—Tufts reported $20 million in investment losses on Friday—some Harvard affiliates affected by Madoff have been more fortunate. Carl and Ruth Shapiro, the Boston couple who lost nearly half their foundation’s assets through Madoff’s fund, pledged in a statement last week to honor “all existing commitments.” Their couple’s foundation has supported many initiatives at Harvard-affiliates including the Dana Farber Cancer Institute and Brigham and Women’s Hospital...
Beth Israel received two grants totaling $12 million in recent years to renovate the Shapiro Clinical Center and to fund the teaching hospital’s education programs. The multi-year commitments were to be paid over several years, according to Beth Israel’s chief executive, Paul F. Levy. Levy said in an e-mail that he was “not sure” how much had been paid to date...
...large theological study center. And secular groups have raised concerns about the course's content: Concerned about the influence of Holy Trinity Brompton on Britain's future ruling class, the British Humanist Association recently partnered with Richard Dawkins, secularist Oxford professor and author of The God Delusion, to raise funds for advertisements to counter the Alpha course's own advertising campaign, with posters on buses carrying an inscription with a similar font to the Alpha's posters: "There is probably no god. Now stop worrying and enjoy your life," they state. Within a few weeks, the fund raised...
...that could soon change as the economics turn dark for the energy sector. High prices bankroll high-cost production and fund technology improvements that make hard-to-reach minerals accessible, while low prices mean wells with high production costs are shut in. The threshold price for oil-operations expansion is around $50 a barrel, according to Combs. "This constant roller coaster [in prices] is something the industry is really getting sick of," Ingham says. (Read "Web-Savvy Homeowners vs. Landmen...
...Thursday night, Treasury's interim chief investment officer of the $700 billion bailout fund, Jim Lambright, and his team of crisis managers hunkered down with representatives of GM and Chrysler and worked all night to finalize the details of the deal. The result does its best to impose order on what would otherwise be the disorderly bankruptcies of the two companies, but in many regards it just passes the buck to Obama. To be fair, Treasury had but a week to address an incredibly complex problem and come up with a multibillion-dollar aid package - no small achievement, however lacking...