Word: granting
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FiCom, which is responsible for student group grants, risks running out every year because it has no budget. Each week, it reviews grant requests and approves the ones deemed reasonable on a case-by-case basis—with no regard for how much else is spent that week, how much the group has previously received, or how much money is left in the fund. FiCom therefore has little control over if or when the piggybank will run dry. Such a policy—or lack thereof—is fiscally irresponsible and is unfair to student groups with spring...
Unfortunately, grant requests are somewhat unpredictable. The largest packages tend to be at the beginning of the semester, but the amounts requested fluctuate from week to week and year to year. The solution, therefore, is to develop a flexible budget—not for FiCom to throw up its hands and refuse to manage its money at all. It could, for example, allocate a weekly target and set aside a small surplus fund to cover particularly large packages. Or, it could use a monthly budgeting scheme to allow for particularly high and low weeks...
...anyone can change that, it's Angela Belcher. A materials scientist and bioengineer at M.I.T., Belcher, 49, won a MacArthur Foundation genius grant in 2004, and last fall Scientific American named her research leader of the year for her current project: creating an entirely new kind of battery, not by building it but by growing it. Working with several M.I.T. colleagues, Belcher has engineered a virus, known as M13 bacteriophage, that latches onto and coats itself with bits of inorganic materials, including gold and cobalt oxide. That turns each long, tubular virus into what amounts to a minuscule length...
Whatever its limitations, supporters of the microcredit sector say its power to help individuals is real. "Women who come out of poverty spend extra income on health care, housing or sending their children to school," says Gowher Rizvi, a former Ford Foundation exec who gave Grameen its first grant. "That's worthwhile if it's even one family." Back in Ecuador, Penafiel was able to pay back his Kiva.org loan five months later, and had a little left over to cover his six kids' school fees. It isn't quite the American Dream, but it's a start...
...Strasbourg-based European Court of Human Rights criticized Poland for having no effective legal framework for pregnant women to assert their right to abortion on medical grounds. It awarded 36-year old Alicja Tysiac 25,000 euros, or about $33,250, in damages after doctors refused to grant her permission to terminate her pregnancy despite serious risk to her eyesight. Tysiac, who suffers from severe myopia, became pregnant for the third time in 2000. Three doctors told her she could go blind if she gave birth but, contravening Polish law, refused to write her a certificate that would authorize...