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...Iranian President Mahmoud Ahmadinejad, whose oil revenues offset the impact from Western sanctions and help finance their vote-getting social programs. Angolan officials this month told OPEC they needed an exemption from their quota of 1.5 million bbl. a day, since companies like Chevron and Total have invested billions in drilling off Angola's coast, and the country - most of whose people live in dire poverty - could potentially pump about 2.3 million bbl. a day by year's end. "They argue that they are a war-torn country, like Iraq, and need to rebuild the country," Morse says. "OPEC swept...
...part of a government effort to boost America's hog farmers - who have identified themselves as the forgotten casualties of the H1N1 swine-flu epidemic and asked Washington for financial help - the Agriculture Department announced last week a $30 million purchase of surplus pork. That brings the federal total of pork purchases for fiscal 2009 to about $150 million, or close to $100 million more than last year's figure for the same period. During a Sept. 10 morning press conference, Secretary of Agriculture Tom Vilsack also said he would work with fellow Cabinet secretaries in the Defense, Justice...
Harvard received $602 million in gifts this past fiscal year—an 8 percent decline from last year’s total, University officials announced yesterday...
Adjusted for inflation, that figure falls short of the average amount raised this decade. The University’s highest-ever total of $651 million ($792 million in today’s dollars) came at the end of its last capital campaign in fiscal year...
This year’s fundraising total was aided by a number of large donations, most notably a $125 million gift over the next five years—the largest in Harvard’s history—from Business School graduate Hansjörg Wyss to fund the Wyss Institute for Biologically Inspired Engineering in Allston. Gifts of over $1 million accounted for over 40 percent of the cash total...