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...maternal mortality crisis is magnified by the fact that it can be solved. One of the largest contributors to maternal deaths in the developing world is unintended pregnancy. More than 200 million women would like to limit childbearing but have no access to safe, effective birth control. This results in 70 million to 80 million unintended pregnancies every year. Public-health experts estimate that almost half of all maternal deaths could be averted by universal access to contraceptives. The U.S., which should lead the way, has instead placed more roadblocks in the way of poor women who want...
...million gift, the largest in Harvard's history, comes from Hansjörg Wyss, a native of Switzerland who graduated from Harvard Business School in 1965. It will go to fund the Wyss Institute for Biologically Inspired Engineering over the next five years. The new institute will be part of the much-touted science complex in Allston, which will also house the Harvard Stem Cell Institute; the Stem Cell and Regenerative Biology Department, a joint venture between the Medical School and the Faculty of Arts and Sciences; and the Medical School’s Systems Biology Department...
...According to Mysteel, a Shanghai-based consulting firm, the price for products used primarily in construction have fallen to less than $590 per ton, down almost 20% in just four months, forcing some companies into the red in what had been a booming industry. Baosteel, one of China's largest steelmakers, has cut prices twice since August, and its CEO is glum: The era of rapid growth for China's steel industry "will soon be remembered as history," says Xu Lejiang...
...estimated $12 billion in exposure to subprime debt in the U.S., a figure some analysts believe is understated. Its sovereign wealth funds have lost tens of millions of dollars on poorly timed investments in Blackstone, a private-equity group, and Morgan Stanley. And Ping An Insurance, China's second largest insurer, lost 70% on its $2.7 billion investment in Fortis, the Dutch-Belgian financial-services company that collapsed last week...
...comments came a day after Merkel befuddled her neighbors by announcing a guarantee on 100% of all private deposits - the largest such guarantee in history, according to one leading banking expert. The fact that Ireland had previously issued an even more sweeping guarantee hardly shielded Germany from criticism: as Europe's biggest economy, it sets a massive precedent. Indeed, since Merkel's announcement, Denmark, Sweden and Austria have taken steps to offer stronger guarantees to their depositors. Spain is reportedly considering a move to follow suit, and British politicians were in talks with banks on Monday night about a stopgap...