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...standards or will require extensive renovations. Nearly 20 will need to be built from scratch. Cariocas, as Rio's residents are called, are still reeling from the final bill for 2007's much smaller Pan American Games, which ended up costing the city 10 times the original $177 million estimate. The 2016 Games' $14 billion budget includes a $427 million Olympic Village for athletes, but lodging and security for everybody else are still question marks: Rio is short on hotel rooms, and the city's homicide rate, 47 per 100,000 residents, not only is triple that of Olympic also...
...called upon audience members to participate in International Climate Day on Oct. 24, when communities across the world will publicly demonstrate their support for the “350” movement. The 350 movement aims to influence policy-makers to adopt a global standard of 350 parts per million carbon at the United Nations Climate Change Conference to be held this December in Copenhagen. This is the level necessary to avoid catastrophic warming according to NASA climate experts, McKibben said...
...Food Bank does not serve meals, but rather distributes more than 30 million pounds of food and grocery products each year to soup kitchens, homeless shelters, and other community organizations. Cooper-Ayles said that volunteers help sort through the food for damaged, expired, or seasonal products...
Harvard’s decision to use derivative investments to lock in low interest rates on the school’s mounting debt cost the University $500 million this past year and will cost it at least $425 million more over the next few decades, according to the University’s annual financial report released Friday...
Harvard, looking to safeguard its cash supply from the increasing threat of losses associated with the swaps, decided to post $500 million in collateral this past year to terminate agreements on $1.1 billion of its debt. In addition, the University will pay another $425 million over the next 30 to 40 years for new “offsetting” interest rate swaps, which will essentially negate the effect of the original swaps on $764 million of its debt...