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...using federal money, and then allowing private money managers to purchase and trade this paper. There has only been speculation about the outcome, and that has been over a broad range. Prominent economists, led by James Galbraith and Paul Krugman, have said that the plan may actually do more harm than good. In the Treasury's corner, Pimco, the largest fixed income management firm in the U.S., endorsed the Administration's plan. "This is perhaps the first win/win/win policy to be put on the table and it should be welcomed enthusiastically," Bill Gross, PIMCO's co-chief investment officer, told...
...Another catastrophic spill or accident notwithstanding, even the work of setting up offshore oil drilling could impact the marine environment. The oil industry uses seismic blasts as part of initial exploration, and environmentalists fear that sound waves could harm nearby fish. But if there were an accident on the scale of the Valdez in Bristol Bay, where more than 40% of all wild seafood consumed in America is caught, the result would be not just an environmental disaster, but also an economic one. The Bristol fisheries bring in over $2 billion to the Alaskan economy annually - losing the bay even...
...Four years ago Kevin Rudd got drunk and took himself into a strip club. Four years ago John Howard, sober, took Australia into the Iraq war. I think the electorate can judge which one did the more harm." -Australian Senator Bob Brown, leader of the Green party, defending Rudd after the revelation of his strip club visit (The Times of London, August...
...that is one of the most interesting projects we’ve done.” ACCESS HARVARD BOOKSThough the restoration process of the Sargeant murals was made accessible to the public through video footage, the results often remain carefully protected from spectators for fear of further harm. Yet for the technicians at the Weissman Preservation Center–who preserve books, paper and photography–their efforts extend beyond physical restoration. Stabilizing these delicate books and images to a state where they can be readily accessed and distributed throughout the Harvard community is one of the Center?...
Joel W. Hay, professor of pharmaceutical economics at USC, also foresees harm if the bill passes. "Marijuana is a drug that clouds people's judgment. It affects their ability to concentrate and react, and it certainly has impacts on third parties," says Hay, who has written on the societal costs of drug abuse. "It's one more drug that will add to the toll on society. All we have to do is look at the two legalized drugs, tobacco and alcohol, and look at the carnage that they've caused. [Marijuana] is a dangerous drug, and it causes bad outcomes...