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...billions of dollars and years of work would be needed to fully endow the nation’s great newspapers. Even National Public Radio, which began to accumulate an endowment following a $225 million gift in 2003, relies on the fund for just a small fraction of its total budget. The aim of converting The Globe to a non-profit is to avert catastrophe, not to create a new model for newspapers...
...into the private sector because they had such a debt burden when they graduated,” says Douglas A. Levine, who graduated from HKS in 2008.Ellwood has focused extensively on increasing financial aid for HKS students, which he said in a February interview had doubled from an annual total of $11 million when his tenure began in 2004 to a projected $21 million this year.But according to Reitz, research conducted by the Dean’s Committee on Public Service found no strong connection between debt load and the sector a HKS student enters upon graduation. She adds that...
...China's hybridized economy appears to be expanding due to the global slump. As Beijing fights recession with a $586 billion stimulus package and as banks boost lending at the behest of the government, the private sector looks to be getting squeezed out. Loans to private firms in January totaled $61.7 billion, down $102.5 million from the previous month, even as total lending has swelled, according to the All China Federation of Industry and Commerce. It isn't just financing that is flowing to SOEs. So are revenues from Beijing's infrastructure-heavy stimulus package. State-owned companies maintain...
...city-state (population: 4.84 million) routinely is ranked as one of the world's freest economies, it also has a sturdy social safety net. Kalithas Krishnan lost his job at a Swiss-owned cargo operator at Changi Airport at the end of March. Today he receives a monthly total of $260 in cash and food coupons from the Singapore Indian Development Association, one of several government-funded charities, plus $55 to defray school expenses for his 16-year-old son. This support may not sound like much, but because Krishnan has fully repaid the mortgage for his three-room public...
...many of these tactics have helped stop the virus from spreading. In the first four days following April 24 when the government started taking action, the number of infected and dead rose steadily - from 58 reported fatalities on Friday to 149 dead by the tally on Monday. The total number of people who have been hospitalized for the infection shot up to more than 2,000, although two-thirds of these had checked out after successfully responding to anti-viral drugs. (Read a story about how the U.S. is preparing a swine flu vaccine...