Word: profitability
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Dates: during 1970-1979
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...policy quickly focused on Hungary and Poland, two countries that follow the Kremlin's general line in foreign policy but tolerate considerably more internal freedom than the Soviet Union. In Hungary the government has introduced some profit incentives and free-market forces in the economy, and visitors from neighboring Austria no longer need visas to enter the country. In recognition of these and other reforms, Secretary of State Cyrus Vance traveled to Budapest in January to return the Crown of St. Stephen, a 977-year-old treasure of the Hungarian monarchy that had been in American hands since...
Other critics in the academic community and elsewhere fear exploitation of recombinant DNA research for profit. George S. Wald, Higgins Professor of Biology Emeritus, mentioned a recent court ruling allowing researchers--whether affiliated with academic institutions or industry--to patent any new micro-organisms they develop. The pharmaceutical industry in particular is conducting intensive research, and would stand to gain from any products it develops as a basis for new antibiotics. Proponents of legislation to regulate recombinant DNA cite this possibility of industry profiteering as a rationale for nationwide legislation...
Federal and University officials alike consider the federal work-study program, which provides a subsidy of 80 percent of students' salaries for jobs with non-profit organizations, to be one of the most effective financial aid programs. But the Harvard administrators who are responsible for dealing with the U.S. Office of Education also know that the program is not always the most equitable way for the federal government to give jobs to the neediest students. The process through which schools apply for federal funds encourages "grantsmanship," says R. Jerrold Gibson '51, director of the University's office of fiscal services...
Many Cambridge residents regard the University as being in the real estate business for profit. Although most rents are at the market level, Harvard owns an estimated $8 million worth of tax-exempt property in Cambridge, and makes a $507,000 in-lieu-of-tax payment. The situation in Boston is similar, except that Harvard pays no in-lieu-of-tax payment there and the value of exempt property is twice as high--an estimated $16 million. Harvard has not yet decided whether the corporation will handle Boston properties. The most publicized complaints, from Boston Fair Share and Cambridge community...
...unprecedented cooperation if this central office is willing to negotiate with us. Perhaps the city could stop viewing Harvard as a necessary evil and Harvard could stop viewing the city as a constant harassment. But if this office views itself as some cold and calculating center, running property for profit, it could be trouble," Wylie adds...