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...maybe the ivory tower is just one of those misconceptions concocted by the haters (read, Yalies). Professor Hendrix seems to think so. “I asked someone what’s the difference between MIT students and Harvard students…she said that Harvard students seem to be more aware of culture and society and how everything fits...
Harvard had high hopes coming into the race after a successful fall season. The two squads secured their spots at the ACCs two weeks ago at the Erwin Schell Trophy at MIT, where each Harvard team took fourth place. The top seven continued on to the championship regatta, which pitted the country’s best 18 teams against each other...
...addition to typical pre-med requirements, pre-vets must also take microbiology, biochemistry, and zoology. But since Harvard doesn’t offer a pure microbiology course, students must take classes at MIT and the Medical School or make other arrangements with vet schools...
...economists say Beijing's measures aren't going far enough. Huang Yasheng, professor of political economy at the MIT Sloan School of Management, says that the government needs to do much more to accelerate the income growth of poor Chinese if consumer spending is to play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending...
...currency reserves, while the U.S. saves too little and spends too much, creating giant deficits and debt. Unless China can transform its citizens from savers to spenders, the reform of the entire world economic system could suffer. "I don't see any evidence" that China's economy is rebalancing, MIT's Huang says. "Its always difficult to get consumption to grow in a limited period of time." Greater consumer spending in China could have a big impact as well on the world economy. Cornell's Prasad figures that if China can increase growth of private consumption to 20% a year...