Word: localism
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...local rally took place on March 14 of 1985, bolstered by statements of support by the late Mass. Senator Edward M. Kennedy ’54-’56, then-Boston Mayor Raymond L. Flynn, and former Representative Silvio O. Conte. The day after the rally, the Senate Budget Committee officially opposed the Reagan Administration’s proposal for cuts to financial...
...instance, the opening of the Merck research facility near Harvard Medical School has generated “little enrichment of the local intellectual environment,” a University official says—the opposite of what Harvard would hope to achieve...
Walsh spoke candidly about the racial tension that left its mark on every corner of Boston, about his family’s connections to the local political machine, and how they knew the judge who ordered the city’s schools desegregated. But he also personalized the era in fantastic detail, musing about how he and his friends would sneak into the Boston Garden to see concerts; how Keith Richards and a Mick Jagger-less Rolling Stones barged into a hotel-room party he was at looking for booze; how black and white teens would play basketball against each...
...October of last year, with the failure of the relatively small Pro-SWIFT. Pro-SWIFT had an imprudently large fraction of its assets invested in a single Georgia wind farm, which was forced to shut down for two weeks over protests that its turbines were killing large numbers of local waterfowl. The resulting revenue loss forced Pro-SWIFT to sell assets in an effort to service its maturing short-term debt. Although only $10 billion of assets were liquidated, they fetched just 60 cents per dollar of book value. J.P. Morgan, in purchasing the assets, noted that...
...helps justify the need for both types of change using basic economic theory. Just as any good stockbroker takes care to diversify each of her portfolios, American philanthropists as a group are wise to pursue both the “Leadership Academy” and the “Local Village School” models. Within this philanthropic portfolio, the leadership academy functions as a venture investment—expensive, risky, but with the potential to pay unprecedented dividends. Such potential is attached to a small number of graduates and hinges on the expectation that each graduate will affect real...