Word: wealthiest
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Meanwhile, the accumulation of such immense tax-free resources is increasingly garnering criticism. Business Week has decried the “dangerous wealth” of the Ivy League. The Wall Street Journal warned of the perils of amassing “war chests.” The wealthiest institutions can now out-compete for top faculty and students, thereby threatening the diversity of research and scholars at less-equipped institutions...
Hence, strengthening alumni bonds through alternative giving should become part of a new development paradigm for the wealthiest universities. But this is easier said than done. For example, getting Harvard to support HASA has been a challenge. After considerable pressure, the university agreed to authorize a fund to provide scholarships for graduate students from Africa, because those dollars would flow directly to Harvard’s coffers. While the decision in itself is a victory, Harvard still fails to recognize the serious need of African universities for basic infrastructure, nor does it embrace this need as a legitimate...
Numerous studies prove that over-consumption by the wealthiest nations poses enormous threats to the environment. In Global Problems and the Culture of Capitalism, Richard Robbins discusses the enormous extent to which the production, processing and consumption of commodities use up limited reserves of natural resources and produce toxic byproducts, pollutants, and waste. Yet, as Robbins goes on to point out, fanatic consumerism receives the least attention of all the major causes for pollution and destruction for both political and economic reasons. Unchecked, commodity production continues to wreak havoc on the environment...
...Like DormAid, GradeFund has arrived amid raised eyebrows. Isn't it supporting the wealthiest students rather than the neediest? (Kopko says a range of students are signing up.) Couldn't students use the money to just buy pizza? (Donors can have checks sent to the tuition office rather than directly to the student.) And won't it encourage students to obsess even more about grades? Kopko isn't worried. "So far, the closest thing I've gotten to a critique was an administrator at Adelphi University who posed the question, "Might this increase the incentives for cheating?'" he says...
...block by block” rebuilding. Many of these buildings were active and productive before being purchased by Harvard, but in many cases Harvard’s real estate acquisitions have brought the opposite of what one might expect from having the world’s wealthiest university move in next door...