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...University reportedly bought nearly seven million shares in an ETF tracking Taiwanese indices—reversing its earlier decision to sell the two million shares it had in the fund as of last September. Other investments of note include over $55 million in an ETF tracking Russian indices, and multi-million dollar repurchases of shares in mining giant BHP Billiton and oil and gas producer China National Offshore Oil Corporation. While the value of Harvard’s equity investments has increased, it remains modest compared to where it stood last September, when the University had nearly $3 billion invested...
...slurry to fill 1,700 Olympic-sized swimming pools was dumped onto nearby homes and in tributaries of the Tennessee River. The accident killed millions of fish, destroyed 300 acres of property, and badly contaminated local water sources. The Tennessee Valley Authority estimates that the spill will require a multi-year, billion-dollar cleanup effort...
...bubbles. The LDP, says Curtis, failed to respond to the changing needs of the people, particularly those living in rural areas. The electorate system, which changed in 1994 to include single-member districts, also chipped away at what helped insulate the LDP from political competition. Before the switch from multi-member to single-member districts, voters who disapproved of the incumbent could vote for another LDP member if they wanted a change. With one seat to a district, however, a vote for "the other" becomes a vote for another party. That other party has become...
Quotes About: "[The bank accounts] either never existed or had been closed years before Nemazee submitted the documents referencing those accounts." -U.S. attorney Preet Bharara on Aug. 26, describing how authorities believe Nemazee mislead Citibank with false financial documents in order to obtain a multi-million dollar loan...
Harvard-Yale Race: 1. The oldest intercollegiate sporting event in the country. 2. Multi-mile crew race held annually on the Thames river in New London, Conn., in which the ever-dominant Harvard crew embarrasses its Eli counterparts...