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...been missing out on reaching much of its audience due to a lack of digital availability. Harvard School of Education Professor Daniel M. Koretz, who recently published a book with HUP about standardized testing, said that he has experienced decreased sales of his book, but attributed the falloff to lower demand for books in general. “What has happened to book sales in the past few months is independent of Harvard University Press,” he said. “Nobody is sure what kind of business models will work for selling digital books...
...unemployment is skyrocketing and competition for jobs fierce. Oil palm plantations in Malaysia, which involve intense toil under the hot sun, were once the exclusive province of migrant labor, but laid-off Malaysians like former factory worker Palani Kandasamy are turning to this sort of work. "The pay is lower, but it is impossible to live in the city without a job," he says. Kandasamy now harvests oil palm fruit in a plantation south of Kuala Lumpur...
...environment and they did the best they could. In hindsight, everything’s 20-20.” He also said that if rates fall dramatically, the law governing tax-exempt debt financing gives issuers one opportunity to pay off their debt and reissue the bonds at the lower rate.‘THE SUMMERS SWAP’While documentation of the $1.5 billion bond sale could not be obtained because the sale was taxable, a prospectus of the $1 billion tax-exempt offering states that $881 million was to be used to pay off previously-issued variable rate...
...city council has also suggested that Harvard make cuts in the wages of higher-paid academic staff and professors instead of laying off lower wage workers. This would not only hurt the university’s academic programs, but in many cases also would not even be possible. Many professorships are endowed, so the university cannot simply take away part of a professor’s salary and use the money to maintain another employee. The City Council’s apparent refusal to recognize this point suggests a larger misunderstanding of the way universities allocate their funds, since endowments...
...International Monetary Fund have recommended globally coordinated stimulus spending of about 2% of GDP to counteract the recession. But so far, that challenge has only been accepted to varying degrees. As a group, European countries, including members of the G-20 like France and Germany, have proposed lower rates of stimulus spending, both this year and next, raising concerns at the White House...