Word: investers
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...recent student demonstrations against Harvard financial ownings in South Africa-affiliated companies only touch a symptom of a more profound problem. That is, is it justifiable for a university with a $1.6 billion endowment to invest most of that enormous endowment in stocks, while continuing to charge students ever-increasing tuition fees...
...that therefore students shouldn't complain about having to pay $4000 or $5000 per year. But this argument ignores the fact that the Harvard Corporation could use more of its enormous endowment to offset the costs of students' educations, thus lowering tuition fees. Why is it necessary to invest so much money in stocks, instead of paying for education? A university, being a non-profit organization, should be more concerned with providing quality service to its students, than with earning dividends...
...SASC proposals call for Harvard not to invest in banks lending money to the South African government or its public corporations, and to support or initiate shareholder resolutions urging all companies in the Harvard investment portfolio that operate in South Africa to withdraw from the country...
...adding to the budget and, more important, swelling the costs of doing business. One significant step would be to hold down the EPA's "enforcement" spending, which is budgeted to jump from $73 million to almost $95 million. Every dollar devoted to EPA "enforcement" obliges U.S. business to invest many more dollars on nonproductive machinery, which then raises prices, reduces productive capital spending and retards hiring...
...testifying for the adoption of the bill in its present form, Johnston urged the retention of the subpoena provision. He argued the commission would be nothing more than a "joke" without the authority to summon those individuals who have information pertinent to the investigation. The subpoena power would also invest the commission with the rights to obtain relevant information from other branches in the government currently pursuing their own investigations...