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Forst, who had spent 14 years at Goldman immediately prior to his brief tenure at Harvard, will rejoin the company’s management committee and “review, define, and focus the firm’s global strategy,” according to an internal memo sent by Lloyd C. Blankfein ’75 and Gary D. Cohn, Goldman’s CEO and president, respectively...
...More the shame, says Bryan Wells, a senior researcher at the Institute of Mathematical Sciences in Chennai, for solving the riddle of the Harappan script needs the involvement of people from all backgrounds. Wells, who was not part of Rao and Vahia's team, spent 15 years painstakingly examining the disparate body of Indus Valley artifacts and compiling what is now the largest database of Harappan signs - 676 in total. Even though no one knows the root language behind the script, he reckons greater cooperation and a monkish devotion to the task can slowly unravel more secrets. Wells...
...paid off handsomely. About 45 Western oil companies now operate in Libya, investing billions each year in exploration and maintenance. "Quite a bit of damage occurred under sanctions because the oil reservoirs were not observed for many, many years," says Thamir Uqaili, a London-based independent oil consultant who spent years working in Libya. "They have caught up now in certain places...
...According to Voitenko and other experts, a secret cargo could have been hidden on the ship during the two weeks it spent in Kaliningrad for repairs, just before it picked up its Finnish haul of timber. Not contiguous with the rest of Russia, Kaliningrad is the country's westernmost enclave on the coast of the Baltic Sea, and is known as a hub for Russian smugglers. "Personally, I don't care about any missiles," Voitenko tells TIME. "I care about what they're doing with those sailors...
Because anyone could purchase unlimited amounts of gasoline for about 30 cents a gallon, the benefits of the gasoline subsidy, as well as subsidies for cooking gas and electricity, were overwhelmingly going to wealthier Iranians, simply because they spent more on consumption. In 2005, the World Bank estimated that 94% of Iran's energy subsidies in urban areas were benefiting the nonpoor. In other words, those who least needed their consumption subsidized were getting most of the benefits. In the run-up to the 2005 presidential elections, all the candidates across the political spectrum, including the subsequent winner Mahmoud Ahmadinejad...