Word: worldã
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...building a new dorm after all. MIT is slashing 10 to 15 percent of its spending. At Harvard, President Drew G. Faust wrote a letter.Her gist was simple: Harvard is not immune. Thanks to economic reality, colleges across the country have had to make painful financial decisions, and the world??s richest university has a proportional amount to lose. Yesterday, the administration announced a 22-percent decline in Harvard’s $36.9 billion endowment over the last four months—the sharpest drop in history. Worse yet, Faust predicted continued gloom for the endowment, with...
...property that needs some “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...
...world??s demand for biofuel can be attributed to several factors including the European Union’s alternative energy targets, American fear of dependence on the Middle East, and the rise in the price of fuel. As fuel prices skyrocketed up to $145 a barrel this summer, biofuel became an increasingly appealing and economically viable solution to our oil addiction. But we are really addicted to oil, and what little ethanol the U.S. produces domestically (made from surplus corn that we used to donate as food aid) has not been able to cut it. In order...
...Consider the ugly reaction in some circles to Obama’s win. While the world??s attention focused on the jubilant throngs packing Grant Park in Chicago, chanting, “Yes We Can!” some small-minded racists lashed out at the black community after Election Day. In Kentucky, Obama was lynched in effigy. In Idaho, a school bus full of second and third-graders chanted, “Assassinate Obama!” Right here in Massachusetts, an arsonist burned down an African-American church the day after Election Day. These reprehensible events...
...couldn’t pay tuition—are no less popular now than they were during Horatio Alger’s day. In a 2007 article titled “Rags to Riches Billionaires,” Forbes reported that “almost two-thirds of the world??s 946 billionaires made their fortunes from scratch, relying on grit and determination, and not good genes.” Clearly, while the American public loves wealth, we love self-made wealth even more. Gladwell divides his treatise into two sections, one on opportunity, exposing how so many...