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...cost of less than $1 per person per day. Merck was hurt by such accusations. (According to the firm's website, its founder, George W. Merck, once said: "We try never to forget that medicine is for the people. It is not for the profits. The profits follow, and if we have remembered that, they have never failed to appear.") So, in 2000, Merck and the Bill and Melinda Gates Foundation put $50 million each into setting up the African Comprehensive HIV/AIDS Partnerships (ACHAP) to support Botswana's efforts to fight the disease, with Merck also committing to supplying ACHAP...
Could this deal save the U.S. auto industry? It would certainly help. Once GM sets up a VEBA, Ford will probably follow. Chrysler, which became a privately held company in August and has far fewer retirees, has so far balked. "It's not our issue," says a Chrysler official. The companies can use the freed-up cash to spend on developing and selling better cars to take on Toyota, which this year surpassed GM in sales. But that's in the long run. In the short run, funding the trust could put carmakers in a tighter cash squeeze unless they...
...that gap, New Jersey has asked retirees to pay more in premiums, but the state may eventually have to scale back spending on services like public colleges and mass transportation. Some cities, such as New York and Duluth, Minn., have already set up health-care trust funds. Others may follow--or risk getting downgraded by bond-rating agencies...
Greenblatt will teach the course with the aid of a virtual sea voyage presentation that integrates Google Earth, and he said the class will allow students to “virtually follow the paths of three ships as they travel the world...
...Moscow's continued efforts to undergird its case for extended sovereignty in the Arctic. (In 2002 a U.N. commission shelved Russia's claim to more of the Arctic for lack of detailed technical evidence.) Nor, despite this summer's bravado, is it clear that Russia has real plans to follow up the Mir expedition. Robert Nigmatulin, director of the Institute of Ocean Studies at the Russian Academy of Sciences, says establishing a claim to the continental shelf before 2009 - as Russia must do under the terms of the unclos - would require drilling deep-water seabed samples, technology that he says...