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...company that never met a loss leader it didn't like - has announced its intention to start selling e-books before the end of the year. Simon & Schuster has just announced a plan to sell digital copies of its books through the e-book website Scribd.com. The price? Twenty percent off the harcover price, which comes to a good deal more than $9.99. "Within the next six to nine months, there will be many new devices, some new platforms and formats and a number of big companies entering this field that don't currently have a presence," says Michael Cader...
...chief Jane L. Mendillo has told University administrators to plan for a 30 percent decline in the endowment for the fiscal year ending June 30, although she has long stated that the decision to restructure HMC was made independently of the massive endowment losses...
...unprecedented financial turmoil, domestic bonds may have been one of the few well-performing assets in Harvard's investment portfolio. Over the past year, the Dow Jones CBOT Treasury Index—a real-time, broad-based indicator of bond market performance—returned over 8 percent, while the S&P 500, which HMC often cites in comparisons with its own endowment performance, dropped over 30 percent...
...under 18. The conflicting ages make prosecution a cumbersome process, and the pervasive social and cultural acceptance of poor children working in India hasn't helped. A 2006 UNICEF report showed girls between the ages of 12 and 15 are the preferred choice of domestic help in 90 percent of Indian households. Mohammad Aftab of Save the Children says child domestic labor can be curbed only by making it, "socially and culturally unacceptable...
...While it is impossible to know how many firearms are illegally trafficked into Mexico in a given year, over 20,000, or around 87 percent, of firearms seized by Mexican authorities and traced over the past five years originated in the United States," the GAO's Ford said in testimony prepared for Congress...