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...theses, often an important springboard for graduate school applications, will no longer be required. “We have an obligation to train students who are interested in a solid experience in the natural science, but don’t necessarily want to go to graduate school and become research scientists,” said James M. Moran, chair of the Department of Astronomy, in an e-mailed statement.The Educational Policy Committee’s Kenen said she was pleased with how thoughtful the department had been in their concentration revisions, allowing the EPC to approve them without reservation...
Five Harvard scientists will have more freedom and greater resources to pursue their research after receiving the first grants awarded by Howard Hughes Medical Institute’s new Early Career Scientist program. Among the 50 nationwide grant recipients, announced last Thursday, are Bradley E. Bernstein, who conducts cancer research at the Harvard-affiliated Massachusetts General Hospital; Kevin Eggan and Konrad Hochedlinger, both researchers at the Harvard Stem Cell Institute; Amy J. Wagers of the Joslin Diabetes Center; and Rachel I. Wilson ’96, who runs a neurobiology lab at Harvard Medical School. The grant provides each researcher...
According to a new study to be published in the Journal of Consumer Research, shoppers are less likely to spend their dough if they are carrying cash in large denominations. This so-called denomination effect can be a powerful predictor of consumer spending habits. Through a series of experiments, the study shows that if people have an equivalent amount of money, say $100, the folks with a Ben Franklin in their pockets might not part with it, while those carrying Andrew Jacksons and George Washingtons more easily give up the cash. (See the worst business deals...
...basically deciding how much a year of life is worth? Yes. The most controversial area is where you place the dividing line between what is cost-effective and what is cost-ineffective. That is the "How much is life worth?" question. And there is no real empirical research to guide you. We have looked at what other government departments do. Our Department of Transport, for instance, has a cost-per-life-saved threshold for new road schemes of about 1.5 million GBP per life, or around 30,000 GBP per life year gained. The judgment of our health economists...
...drug companies' arguments that doing so will destroy their research-and-development budgets? Drug development has become so expensive it's going to become unaffordable no matter what happens. A lot of the expense is a consequence of the drug-regulatory authorities, who pile on regulation after regulation, which makes getting a drug to market hugely expensive. But the expectations of investors have to be tempered as well. The 15-20% [growth] of some companies is not going to be possible in the future. A third of staff of some big pharmacy companies work in marketing, and many companies spend...