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What really keeps the house system from being just a collection of dorms with fancy names and arbitrary traditions is the devotion of house members. In typical Harvard fashion, students often invest massive amounts of time and energy in their houses—from House Committees to intramural sports to house events to random displays of house pride. Although the extent certainly varies from house to house, it is safe to say that all houses contain groups of people who actively participate in house life...
Banks looking to invest the money they raise through deposit-gathering are finding that the numbers barely work at all. Easton Bank's Menzies, for example, recently lost a bid to get $5 million in cash from a local government in exchange for the bank's issuing the government a one-year CD. The winning bidder agreed to pay the government 3.72%. Menzies had offered 2.69%, which he considered a high rate, one that probably would have netted him just a 0.04- or 0.05-percentage-point profit after he rolled the money into an investment like a Fannie Mae mortgage...
Perhaps most importantly, both candidates have put forward plans to safeguard the expected billions of dollars in oil revenues which should start to flow into the country's coffers after 2010. In October, Akufo-Addo said he planned to set up an "oil fund" to invest revenues in developing the country's education, health-care and basic infrastructure. Mills went further, calling for the formation of an "independent authority which will account for the oil resource." "We don't want it to be a curse," he said. That curse, or resource curse, as economists call it, describes a tendency...
...main topics of discussion. "This is too important not to be front and center on everyone's minds," says Jake Schmidt, head of international climate policy for the New York City-based Natural Resources Defense Council. "It will be a major focus." For international companies looking to invest in REDD projects, there's another reason for signing up. Not only can they bank carbon credits for future use, but there's a p.r. benefit that comes from protecting an endangered tropical forest that might not come, say, from cleaning up a chemical factory in China (even though the value...
Others argue that this is an unfortunate time for any costly project, but it is shortsighted to ignore the positive potential for job creation and the need to invest in sustainable energy. From the economic crisis to our current dependence on foreign oil, it is undoubtedly clear that the United States needs clean, domestic energy. Estimates have shown that this plant will provide three quarters of the electricity needs for Cape Cod—relief that we need now more than ever...