Word: short-term
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...invest in more efficient uses of energy. Critics of taxes say that they're open to fluctuation and that certain industries can win exemptions, undermining a tax's efficacy. Opponents of cap and trade systems, meantime, level similar charges. This much is sure: while taxes might fix the short-term cost of emitting CO2, helping homes and businesses figure out how much to invest in energy saving measures, they don't guarantee a drop in emissions. Cap and trade schemes, on the other hand, set the desired emissions level first. "If our aim is to reduce emissions," says Jonathan Lash...
...November, media outlets began reporting that Harvard was looking to sell billions of dollars in private equity holdings at drastically reduced prices, and in December, the University sold $2.5 billion in bonds in order to raise cash, refinance short-term debt, and terminate certain investment agreements. (Mendillo has stated in the past that HMC began exploring private equity sales even before the financial world imploded, as part of a larger policy portfolio shift that she implemented upon her arrival.) Thursday’s endowment report said that over the past year, HMC has reduced its payments owed to outside investment...
...decisions during a year-long fellowship, the controversial back-to-school lesson plan originally asked students to, "write letters to themselves about what they can do to help the President." That language was changed on Sept. 2 to "write letters to themselves about how they can achieve their short-term and long-term goals." Over the weekend, Secretary Duncan called the controversy "silly" and press secretary Robert Gibbs said, "If staying in school is a political message, then somebody should tell the NBA." Even Newt Gingrich (who will be joining Duncan and the Rev. Al Sharpton on a multicity speaking...
...renovation poses for most current students who will have graduated by the time the museum reopens, Manoogian believes the change is well worth it. “This renovation is so important for our long-term liability,” Manoogian says. “It may be a short-term pain, but it is for a long-term good.”—Staff writer Marissa A. Glynias can be reached at mglynias@fas.harvard.edu...
Companies have long resisted stockholder influence over corporate board membership, arguing that most investors seek short-term gain and have little interest in preserving the company’s long-term profitability, said signatory Joseph L. Bower ’59, a professor at the Business School...