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According to Costello, fisheries, or areas where a certain kind of fish is caught, represent a textbook example of a tragedy of the commons - the classic economics metaphor for a shared resource that is ruined because of competition between users. Giving fishermen catch shares - also known as Individual Fishing Quotas (IFQs) - doesn't dampen competition for fish, but manages it by essentially making fishermen stakeholders in a fishery. Costello explains that IFQs, which can be bought, sold or traded just like stocks, discourage overfishing by giving fishermen a vested interest in preserving the future health of the resource...
...mandated by Congress and funded by the Coast Guard, that recommended that America reduce all marine debris - man-made substances and litter, not just from ships - to zero. Under the International Convention for the Prevention of Pollution from Ships, signed by 128 countries, vessels are currently allowed to discharge certain pollutants, like food and operational wastes, as long as ships are away from the coastline and other specially protected areas, such as the Mediterranean and Baltic seas. But Criddle's report warns that despite all regulations, there is still a significant amount of marine debris. "We lack a coordinated strategy...
...that contained industries affected by the market plunge on Monday. This instance of short selling—a strategy that allows traders to profit from the decline in the price of a stock—is not covered under a recent ban by the Securities and Exchange Commission on certain types of shorts. Unlike some other investment clubs, Acumen seeks more than just practice from their relatively modest foray into the world of financial management: they hope to make a profit. Modis said that although the fund has exceeded the performance of their benchmark index, the S&P 500, they...
...home. For the class of 2012, 82.6% of students come from outside New England, with 11.7% coming from outside of the United States. While it makes for a more varied student body than one would meet at most state schools, Harvard’s geographical diversity contributes to a certain amount of loneliness. There are times when all we really want is a sandwich from a local restaurant back home or the face of a friend from high school, even if we didn’t particularly like that restaurant or person when we actually lived at home...
...he’s your typical all-American Joe: he’s proud of the fact that he is comfortable asking for Dijon mustard while campaign advisors suggest he take the regular yellow kind. But he also realizes, as much as anyone, that he needs to appear a certain way to win votes—that is, not as the former president of the Harvard Law Review.The irony is that the true American story is not just about facing obstacles, but triumphing over them. It’s not just about growing up in a single-parent family assisted...