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...March 2008, University President Drew G. Faust traveled to Washington to lobby congress for an increase in funding for bio-medical research. She emphasized the need for a real-dollar increase in the total amount of NIH funding, which is the single largest funding source for Harvard projects. This year, Harvard researchers have secured 16 percent of the 2009 NIH grants...
Rookie Katie Sylvan continued her fine freshman campaign with rounds of 77 and 76 over the 36 holes contested on Saturday, good enough to tie for sixth place individually. Sheldon finished just a shot back in a tie for tenth place with a total of 154 over the two rounds. A pair of sophomores from California rounded out the Harvard contingent, as Christine Cho shot 156 on the weekend for 17th place, and Jane Lee tied for 22nd with a total score...
...Shanghai, Shenzhen and Hong Kong - and even the SME Board in Shenzhen, which requires IPO applicants to have at least three years' operating history and profits. GEM may consider for listing a company that turned a profit of as low as $730,000 in the previous one year, provided total sales exceeded $44 million. (See pictures of the making of modern China...
...must be willing to support them for the long term. Unfortunately, the market's current get-rich-quick mindset cannot be changed overnight. Hong Kong, a more mature financial center, launched a GEM board 10 years ago. It has not been a notable success, with just 172 companies and total market capitalization of $11 billion - equal to 0.6% of the main board...
...Board in Shenzhen is doing better, having listed 293 firms with total market cap of $80 billion, equivalent to about 11% of the main board's. Still, the odds are that GEM and other initiatives may not do much to help China's private sector. The country's rulers may yet be forced to move more aggressively to stop state-owned enterprises from sucking up all the oxygen in the banking system, and do so sooner rather than later...