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...that of any other region over the past five years, averaging annual growth of almost 65%. Revenue generated by each of Africa's almost 300 million cell-phone users is three times higher than in Bangladesh, India or Pakistan. And users have been quick to exploit devices for commercial gain. Ghana-based TradeNet matches buyers and sellers of crops by circulating details via SMS of what each is offering to trade; many poor farmers in Tanzania rely on cell phones to gather real-time market prices for their goods. What's more, evidence of surging demand for broadband in other...
...schools have posted lower returns amidst a market downturn. Earlier this week, Grassley spokeswoman Jill Gerber said endowment performance in tough market conditions would be a key factor in determining whether the senator would push legislation to mandate a five-percent rate. Harvard’s healthy 8.6 percent gain, while significantly lower than in recent years, left the endowment larger than last year in real terms, even after the record payout. —Staff writer Clifford M. Marks can be reached at cmarks@fas.harvard.edu. —Staff writer Nathan C. Strauss can be reached at strauss@fas.harvard.edu
...metals, and food. While Harvard invests only 8 percent of its endowment in this category, the value of these holdings jumped 35.8 percent in Harvard’s last fiscal year. While the returns fell far short of last year’s exceptional 23 percent growth, the gains still compare favorably given that they come during a bear market that has seen the S&P 500 index, a standard baseline for stock-market performance, drop more than 13 percent over the same period. The 8.6 percent gain puts Harvard comfortably in the top 5 percent of peer investment groups...
...Tuesday morning warned that such forecasts can be terribly wrong. "Right now, anyone who lives along the Texas-Louisiana coast needs to be prepared for the potential of a major hurricane," warns Walt Zaleski, meteorologist at the National Weather Service's Fort Worth, Texas, office. Ike is expected to gain strength from the Gulf of Mexico's warm waters, and eventually become at least a Category 3 storm - meaning it will carry winds at speeds about 130 m.p.h. (See photos of Hurricane Ike here...
Losing weight isn't easy, and it's harder still when your genes are working against you. But a new study by University of Maryland researchers shows that even people with a genetic predisposition to gain weight can exert some control over how big they...