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...gained experience investing nearly all of the endowment’s major asset classes. She also assembled the University’s pioneering timberland portfolio, which helps hedge risk from traditional equity investments. When Mendillo took the helm at HMC last summer, real assets—like timber, agricultural land, and real estate—comprised roughly a quarter of the then-$37 billion endowment.Eventually, during these early years, she became vice president of external management, a post that had her overseeing investments in private equity, real estate, and emerging markets—a portfolio that grew to be worth...
...meant a tremendous amount to me and my wife,” Sloan said. “It was reassuring to see him, when all of sudden, I’m in the hospital, an alien in a strange land. That’s the kind of thing he does all the time—that’s the kind of person...
...organic, local, and slow African food systems are also bad for the natural environment. Attempting to grow more food to keep pace with an increasing population, Africa’s farmers have shortened their fallow times, which exhausts soil nutrients. They also expand cropping and grazing onto more erodible lands, cutting more trees and destroying more wildlife habitat. Roughly 70 percent of all deforestation in Africa comes from this expansion of low-yield farming. It would be better if these farmers increased crop yields on land already cleared by applying some nitrogen fertilizer, but that would violate the mystical organic...
Regardless of the outcome, the journey has been exhilarating, and through it I feel an emotional connection to the cosmos that I don’t think I could have acquired any other way. My intuition tells me that this particular odyssey will arrive at a promised land, perhaps confirming today’s theoretical insights, perhaps in a future form that will have evolved significantly. But if not, in the unlikely event that the work on which our generation has labored doesn’t make it into textbooks, I can live with that. It’s what...
...seat on Capitol Hill, would be very hard for Coleman to overcome. Pawlenty has said that under such an order, he would have little choice but to sign the certification, but Coleman has made no promise that he wouldn't try to appeal to the highest court in the land. "The only caveat would be if the U.S. Supreme Court ordered cert and issued a stay in a certificate, which I find highly implausible - it would enrage the Senate and appear blatantly political," says Norm Ornstein, a scholar at the conservative American Enterprise Institute. Everything about the Franken-Coleman battle...