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After The Crimson reported last week that the University had purchased 72,000 shares of PetroChina’s stock, several clergymen and actvists lambasted Harvard for holding onto its shares in a company that John Prendergast, the former African Affairs director at the National Secuirty Council during the Clinton admininstration, called a “blood-oil stock...
When PetroChina first listed itself on the New York Stock Exchange in 2000, the company promised investors that none of the capital raised from the initial public offering would end up in the coffers of the Sudanese regime. The company asserted that a “firewall” separated its assets from those of its parent company—and that the Sudanese holdings would remain in CNPC’s hands...
...three days, Stopsinclair.org raised enough for full-page newspaper ads opposing Sinclair in four swing-state markets. Burger King announced it would pull ads from Sinclair stations, and $90 million was wiped off the value of Sinclair shares, though the stock rebounded after Sinclair altered its broadcast. Sinclair officials claim opponents hurt their own cause. "They turned what would have been a relatively minor story in 25% of the country into a much larger story in 100% of the country," says Barry Faber, vice president and general counsel at Sinclair. "If they had just let us do the show...
...fairness, if the University still owns the stock, the estimated value of the investment in PetroChina is a mere 0.02 percent of Harvard’s endowment and a fraction of that company’s public holdings. Yet the relative amount of money does not matter in this case: Any amount of money, any fraction of a dollar that Harvard invests in a company with such a disregard for the ethical implications of its activities is too much...
...excellent choice for the budget shopper, Dorothy’s selection of costumes is eclectic and amusing. Besides boasting a wide stock of “sexy costumes” (nurse, Little Bo Beep, Dorothy) and many movie outfits (Harry Potter, Lord of the Rings), Dorothy’s also offers a large array of accessories. Fangs, wigs, boas and hats are but a small sampling of the offerings that make Dorothy’s an essential stop for costume refinement. And that chinchilla tucked into a corner of your room need not miss out—Dorothy?...