Word: stakes
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...it’s starting to look like they’re right. According to a study released last year by Wojciech Kopczuk and Joel Slemrod, two researchers at the University of Michigan, Americans obey the injunctions of their pocketbooks even when life and death are at stake. The study, which examined changes in the estate tax over the past century, found a statistically significant correlation between the exact timing of death and the relevant tax advantages to the decedent’s estate. In other words, when a reduction in the estate tax approaches, Americans prudently put off meeting...
...extend not only to the institutions but also to the researchers themselves. One of the reasons Jesse Gelsinger's death in the University of Pennsylvania's gene-therapy trial in 1999 seemed especially scandalous was that James Wilson, the principal investigator in the study, held a 30% equity stake in Genovo, which owned the rights to license the drug Wilson was studying; the university owned 3.2% of the company. When Targeted Genetics Corp. acquired Genovo, Wilson reportedly earned $13.5 million and Penn $1.4 million...
...Costco is not yet turning a profit on its Japanese operation, but still plans to build up to 70 stores there. Wal-Mart is edging into this market too, having recently taken a stake in ailing, 400-store food-and-clothing chain Seiyu. In fact, hypermarkets have aggressive expansion plans throughout Asia. Superstores face slowing growth in saturated home markets. They need to expand their territory to maintain growth rates. Wal-Mart intends to boost its international sales?now less than 20% of its total revenue?to a third of total revenue within five years. That means building new stores...
Rubin only mentioned Harvard once during his address, saying that the University can “provide leadership and provide for international debate at a time when so much is at stake...
...Today is a sad day and I am mourning,” said Carrasco, who said he himself had recently turned down an offer from another university. “What is really at stake here is the aim of a Harvard education...Harvard is as much about hierarchy as education...