Word: investers
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...failure to do so ultimately led to New Orleans' being flooded. The White House recognized that responsibility when it proposed an additional $4.2 billion for housing in New Orleans, but the first priority remains flood control. Without it, individuals will hesitate to rebuild, and lenders will decline to invest...
...reason that was (and is) uncommon at the time.”DIVESTMENT: ROUND ONEPerhaps the issue that best characterized his interaction with students was the issue of divestment from American-owned companies with financial ties to Apartheid-era South Africa. Many criticized the University for continuing to invest in companies that implicitly supported a morally reprehensible regime. Students marched, held rallies, and even constructed a replica shantytown in protest.Despite all the pressure, Bok continued to argue against divestment. In one of his infamous open letters, Bok wrote that “blanket divestment” was a dubious policy...
...shantytown that was erected outside University Hall—all efforts to prod Harvard into selling its holdings tied to South Africa.But Bok wanted to exert pressure on companies in other ways, such as through shareholder resolutions.While he objected to “sweeping prohibitions” on investments, Bok suggested in one open letter to the Harvard community that divestment could be justified in extreme circumstances where the investments “work in significant ways to further improper ends or to uphold unethical principles.”Bok wrote that universities “may refuse to invest...
...Some of that instant cash may find its way to FON, an ambitious new global wi-fi network. Skype, along with Google and others, will invest $22 million in the Spanish start-up, which plans to have more than 1 million hot spots by 2010. Subscribers will pay less than $2 a day to have guaranteed wireless access wherever they roam. More than 3,000 people have signed up since the beta version launched in November. "It's a dream come true," FON founder Martin Varsavsky says of his new partners, although he demurs on the specific roles Google...
...Lauvergeon will no doubt get over her disappointment soon, since Areva emerges as a big winner even though it lost out to EDF. That's because, as the price of selling 15% of its equity to the public, EDF agreed to invest as much as $47.6 billion over the next five years, mostly in France. Since nuclear power accounts for more than 75% of France's electricity, a good chunk of that money is likely to go toward upgrading existing plants or building new ones. EDF's dominant supplier: Areva, which has already picked up an order...