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...spent less than five percent of its accumulated wealth, the number that Harvard claims is its goal. Payout rates have become a hotly debated issue in higher education in the last year as Senator Charles E. Grassley, the ranking member of the Senate Finance Committee, began attacking what he saw as “hoarding” among schools with large and fast-growing endowments. Grassley, an Iowa Republican, floated the possibility of mandating a minimum five-percent payout rate for higher education endowments, similar to the current standards for foundations and other charities that receive tax-exemptions. Harvard sets...
Arbroath's annual Seafest is supposed to celebrate its maritime economy. But thanks to North Sea fishing quotas, the town of 20,000 on Scotland's rugged east coast has very little maritime industry left to celebrate. Arbroath's once-bustling port saw the final boat of its erstwhile fleet of 37 fishing vessels sold earlier this year, and the headquarters of the Arbroath Fishermen's Association will shortly be turned into apartments. Still, some 30,000 people turn out for the festival each year, drawn in search of the sense of community and pride the fishermen - local heroes - once...
...miles (480 km) southeast of Jakarta with some 700,000 inhabitants--is one of the beneficiaries of the program. The noodle factory employs 3,500 and estimates its annual sales at $50 million. One of the country's largest producers of rice vermicelli, egg noodles and wheat biscuits, TPS saw its production drop about 20% after the fall of Suharto as wheat prices doubled. TPS vice president Budhi Istanto, whose family started the business in 1959, credits IRD with helping the company "get back to its optimal capacity. We were not going to close, but we slowed production...
...early. Harvard tallied 13 shots in the opening half as Sheeleigh, Baskind, and senior Erin Wylie fired at will. Sheeleigh finally found net in the 33rd minute, taking Kuzma’s pass and beating Wildcats keeper Ally Yost low to the left from 18 yards. The second half saw better opportunities for New Hampshire, which threatened to tie things up in the middle of the period with a flurry of shots from its front line. But Mann and her back four staved off the pressure, and Harvard controlled play for the final ten minutes to ice its first victory.Junior...
...reports blamed the Camorra crime syndicate, government mismanagement, faraway profiteers and ingrained local apathy for the troubled coastal city's worst-ever waste-removal crisis. The broader implication was that the modern consumer lifestyle is a ticking environmental time bomb. Watching the drama unfold on TV in Beijing, Liu saw the makings of one of his blunt but beautiful site-specific works of social commentary...