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...national GDP and the market caps of companies like Microsoft (MSFT), HP (HPQ), Cisco (CSCO), and Intel (INTC) make up such a significant part of the weighting of the S&P. For the most part, tech has done as well or better than the broader market over the last month...
...taxed cigarettes since the Civil War, although its levies often lag behind those assessed by other nations. This month's increase--signed by a President who's trying to kick the habit himself--comes as recession-battered states are considering charges on everything from pornography to marijuana as a way to pad their budgets. Tobacco taxation enjoys broad public support, but other recent efforts to impose sin taxes have sputtered. Proof, perhaps, that in trying times, doing bad can feel really good...
...founding investor. The main question Waldorf addressed was a central problem facing Internet entrepreneurs. How can online businesses devise a model that could turn a profit when people are accustomed to free services and online advertising has failed generate substantial revenue? Currently, eHarmony charges $59.95 for a one-month subscription. “It’s not that young people don’t want to pay for services on the Internet. Nobody wants to pay for services on the Internet,” Waldorf said, adding, “I think the Internet is at little...
...most recent version yesterday to the Faculty Council—the 18-member governing body of the Faculty of Arts and Sciences—in order to incorporate the professors’ feedback. Seltzer said the committee will present a refined draft to the Harvard community in about a month to draw further commentary. The University, which began initial drafting of the approximately 100-page report last summer, has spent the past few months further editing the report, which addresses how the institution is working to meet the eleven standards of accreditation, ranging from academics to university finances. After...
...President Pervez Musharraf had little choice but to support the U.S. campaign in Afghanistan - despite his misgivings over Washington's strategy there. Indeed, Pakistan had helped install the Taliban in Kabul in 1996, to ensure that the nation's western flank was controlled by a friendly regime. Even a month after the U.S. air campaign in Afghanistan began in October 2001, President Musharraf declared publicly that his government had no intention of breaking diplomatic ties with the Taliban, saying the ties provided a "useful diplomatic window" and claiming that the relationship was "fruitful and accepted by the coalition." Viewed through...