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...that underwrote their outstanding public debt, but the University has had at least two fixed-rate bond issuances in 2008, both announced Jan. 23 at sums of $243 million and $145 million, underwritten by Morgan Stanley, according to data from Bloomberg Finance L.P. At the end of 2007, Harvard held more than $914 million in fixed-rate bonds, according to the annual financial report. In total, Harvard has more than $3.8 billion in bonds and notes payable. Kenneth A. Froot, a professor of business administration at Harvard Business School, said that Harvard’s AAA credit rating, the highest...
Parents criticized the Cambridge public schools’ controlled choice system, a placement program that attempts to increase diversity based on socioeconomic status rather than race, in a hearing last night. At the meeting, held by the school community relations subcommittee, parents pleaded for more access to information and a more humanized approach. Controlled choice allows parents to submit a ranked list of preferred elementary schools but ultimately uses an algorithm that assigns students to fulfill set demographic ratios. Cambridge parent Raymond Traieth, who said he believes controlled choice has failed, said the “cold cynicism?...
...Candidates are not held to the same commercial standard, and the reason is simple: their statements and advertisements are considered "political speech," which falls under the protection of the First Amendment. The noble idea undergirding what otherwise seems like a political loophole is the belief that voters have a right to uncensored information on which to base their decisions. Too often, however, the result is a system in which the most distorted information comes from the campaigns themselves. And as this year's presidential race is showing, that presents an opportunity for a candidate willing to go beyond simple distortions...
...Jackson says, a candidate can be shamed into rescinding a false statement. He cites as an example an ad the Obama campaign was using earlier in the campaign in which the Democratic Senator claimed he "worked my way through college." Factcheck.org asked for specifics about the jobs Obama had held, which turned out to be just two or three summer positions. The campaign stopped using the line and changed it to "He got through college with scholarships and hard work...
Increasing evidence of a cover-up that prevented news of the tainted formula from being made public for a month or more (during which the Olympic games were held, Chinese netizens noted) further stoked the public's ire. Even the World Health Organization's China representative, Hans Troedsson, said the issue of who knew what and when was critical. "It is important to know if information was withheld, where and why it was withheld," he told the Associated Press. "Was it ignorance by provincial authorities or was it that they neglected to report it? Because if it was ignorance, there...