Harvard increases undergraduate financial aid by 9 percent for 2010-11

first_imgHarvard College will increase financial aid for undergraduates by 9 percent, to a record $158 million, for the upcoming 2010-11 academic year. This $13 million increase will help keep Harvard affordable and ensure no change in the financial burden for the more than 60 percent of students who receive aid. The estimated average need-based grant award is approximately $40,000.As a result of this investment, families with undergraduates receiving aid at Harvard will pay an estimated average cost of approximately $11,500 next year, which is unchanged from the current year. Additionally, Harvard will continue its efforts to keep overall tuition growth moderate for all families, holding this year’s increase to 3.8 percent, for a total cost of $50,724.“Harvard remains committed to a fully need-blind admissions policy that will enable us to continue attracting the most talented students, regardless of their economic circumstances,” said Michael D. Smith, dean of the Faculty of Arts and Sciences and John H. Finley Jr. Professor of Engineering and Applied Sciences. “In light of the challenges confronting families across America, we continue to expand our already generous financial aid program so that Harvard will remain accessible to families from all economic backgrounds.”In 2007, Harvard introduced a new financial aid plan that dramatically reduced the amount that families with incomes below $180,000 are expected to pay. Families with incomes above $120,000 and below $180,000 with assets typical for these income levels are asked to contribute 10 percent of their incomes. For those families with incomes below $120,000, the parental contribution declines steadily from 10 percent, reaching zero for those with incomes at $60,000 and below.last_img read more

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Economy boost

first_imgAmid news of a still sputtering U.S. economic recovery, a report released this week shows the nation’s agbioscience industries are growing, especially in the South.According to the Battelle study, “Impact and Innovation: Agbioscience in the Southern United States,” agriculture, forestry, and fisheries production generates $240 billion in regional economic activity within the Southern region and supports over 2.2 million jobs with labor income totaling $62 billion. Agbioscience encompasses a broad continuum of development, production and value-added use of plants and animals for food, health, fuel and industrial applications. The study’s findings show that agbioscience, its value-chain in production and the downstream industrial activity are vital to the country’s sustainable global and domestic economic future. The Southern region helps drive that activity. In addition, the downstream processing of agriculture, forestry and fisheries output into value-added food and industrial products adds an additional $1 trillion in output across the Southern region’s economy and almost 4.6 million jobs with labor income totaling over $200 billion.“The current and future importance of the agbiosciences is hard to overstate,” said Simon Tripp, a co-author of the report. “For instance, this science and industry sector is fundamental to the survival of the world’s expanding population, the food security of our nation, and the health of our population.”The dean of the University of Georgia’s agricultural college credits land-grant research for pushing the industry ahead.“Agriculture is the foundation of our economy in Georgia,” said J. Scott Angle, dean and director of the UGA College of Agricultural and Environmental Sciences. “The innovation and education from our college has helped put the industry on a positive trajectory to become one of the leading food and fiber producers in the world.” Georgia’s total food and fiber sector employs 688,586 Georgia workers and has annual sales of nearly $107 billion, over $12 billion at the farm level. Food and fiber supplies more than 13 percent of the total employment in the economy and over 11 percent of the value-added business. UGA is most noted across the region and the nation as a leader in crop genetics, variety development, food safety and cutting-edged animal research. “Innovations from our college enhance the state’s ability to attract new, lucrative biotech firms to the state while continuing to support the vital agriculture industry that grows jobs and revenue at all levels of the economy,” Angle said. “Agriculture is one of the most stable industries in any economic environment.” The industry’s tremendous economic impact across the Southern region is due in large part to the modern science and technology innovations from the Land-grant University Cooperative Extension Service and Agricultural Experiment Station System. The system successfully addresses agriculture’s crucial national and global needs through research and development, practice improvement, skills enhancement, and new technology introduction, dissemination, and adoption, the Battelle report shows. “The findings from this study underscore agbioscience’s potential in the Southern region, said Saied Mostaghimi, director of Virginia Agricultural Experiment Station and associate dean for research and graduate studies at Virginia Tech, and this year’s leader of the region’s research association. “By utilizing the research and development power of our land-grant universities, we can develop the knowledge and appropriate technologies to further increase agriculture and forestry production for food, fiber, and fuel, while improving food safety and nutrition, enhancing environmental stewardship, and promoting economic development,” he said. The study notes the Land-grant University Extension Service and Experiment Station System is on the frontline of sustaining and securing U.S. competitiveness in what is, and will continue to be, a sector of core strategic importance for the country.This U.S. system of research and extension provides science and technology development and transformational education that keep Southern Region agriculture, agribusiness, and associated business sectors at the forefront of innovation, productivity and competitiveness. These advancements create and sustain jobs and contribute to a strong regional, national and global economy. “Throughout our hundred-year history, Cooperative Extension has set the pace of change in agriculture, natural resources and rural America. In today’s fast-changing world, we must provide the best decision-making tools and Extension education possible to farmers, ranchers, families and communities,” said Beverly Sparks, UGA’s associate dean for Extension and leader of the region’s extension directors this year. “It is imperative the Southern region be well-prepared to take advantage of the tremendous potential we have before us.”Sustaining the Extension Service and Experiment Station System, further investing in it, and addressing its challenges are keys to maintaining the strength of the economic and social fabric of the nation, the region and the state. (Who said this?)“The Southern Region’s Extension Service and Experiment Station System represents a uniquely powerful resource,” said Deborah Cummings, a co-author of the report. “In recognition of this importance, the system is traditionally supported by federal, state, and local governments, and by industry, producers, commodity organizations, and other key stakeholders. This support must not only be sustained, but ideally—given the size and scope of grand domestic and global challenges addressed by the agbiosciences—should be significantly expanded so that the Southern Region can take advantage of the large-scale opportunities presented,” she said.Over the past four years, UGA CAES has sustained cuts from the state budget totally well over 20 percent and the pending federal cuts will take more from the college’s resources. “In our science and technology-based economic development practice at Battelle, we have observed the consistent rise of agbioscience as a core driver of economic growth and business expansion opportunities for the U.S.,” co-author Tripp said. “This is an extremely dynamic sector, leveraging sustainable biobased resources to produce goods that meet large-scale market needs. The Southern Region is a global leader in traditional agricultural economic activity, and can count itself as one of a select few regions in the world that is also leading the charge in emerging areas of the modern bioeconomy.”The full report is available online at: www.LSUAgCenter.com/SouthernAgbioscienceImpactlast_img read more

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APAC trade deal RCEP, oil and currencies

first_imgIn China, a set of economic data is due to be released, including industrial production and retail sales. In Japan, futures pointed to a higher open, as compared to the Nikkei 225‘s last close. Japan is set to release its gross domestic product data in the morning.Over in Australia, the S&P/ASX 200 jumped 1.22% in early trade.Indian markets are closed due to a holiday.- Advertisement – Over in the U.S., stock futures rose on Sunday night after the S&P 500 posted a record closing high on Friday and notched a one-week gain of 2.2%. The Dow rallied more than 4% last week and briefly hit an intraday record. The Nasdaq Composite lagged, however, sliding 0.6%.Coronavirus cases stateside are surging again, with the U.S. reporting a record-high number of people hospitalized with Covid-19 on Friday. More states are rolling out fresh restrictions to slow the spread of the virus ahead of the holiday season.- Advertisement – SINGAPORE — Asia-Pacific markets are set to bounce in Monday trade as 15 economies in the region signed a deal that formed the world’s largest trade alliance.The deal, signed on Sunday, aims to gradually reduce tariffs across many areas, according to Reuters. The Regional Comprehensive Economic Partnership is now the world’s largest trade bloc, a deal that excludes the U.S. It marks the first time that East Asian powers China, Japan and South Korea are in a single trade agreement.- Advertisement –center_img “In the US virus cases and vaccine news remain front and centre together with any development on the likelihood of a fiscal stimulus package during the lame duck Congressional session,” Ray Attrill, head of foreign exchange strategy at the National Australia Bank wrote in a Monday note. “Vaccine news will also be watched closely with Moderna expected to report Phase 3 results and Pfizer/BioNTech potentially applying for an emergency use authorisation by the end of the week.”CurrenciesThe U.S. dollar index, which tracks the greenback against a basket of its peers, was a toucher weaker at 92.724 after declining from levels above 92.9 late last week.The Japanese yen traded at 104.67 per dollar, after strengthening from levels above 105 late last week. The Australian dollar was relatively unchanged, trading at 0.7271 against the dollar.What’s on tap (all times in HK/SIN):7:50 a.m.: Japan’s GDP10:00 a.m.: China’s industrial production, retail sales, unemployment rate11:00 a.m.: South Korea’s exports, importsSubscribe to CNBC PRO to access live PRO Talks live, including our Dec. 2 discussion on opportunities and risks in international markets. – Advertisement –last_img read more

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Greater Jakarta residents find ways to mark Independence Day despite COVID-19

first_imgRead also: Bank Indonesia releases commemorative Rp 75,000 bill to celebrate 75th Independence Day“We’ve been conducting this kind of flag-hoisting ceremony for seven years in a row,” said community member Amrih Maulana. “The ceremony aims to spread awareness about the condition of the Ciliwung River to the public. Hopefully, we can inspire others to take care of the Ciliwung River and other rivers in Indonesia.”Amrih went on to say that this year’s ceremony was limited to only a certain number of people due to the pandemic. Nevertheless, he said he hoped the community’s effort could inspire the Depok administration to care for the river. With the large-scale social restrictions still in place in Tangerang, Banten, the local administration decided to commemorate the country’s anniversary virtually by hosting online contests for traditional games and activities such the rubber relay race, the cracker eating contest and balloon dancing.In the meantime, the Jakarta administration is still allowing citizens to celebrate Independence Day in public as long as it involves no crowds. The Jakarta Public Order Agency (Satpol PP) also stressed that any Independence Day activities should adhere to health protocols.“Local officials will halt any activities that could potentially attract crowds,” Jakarta Satpol PP head Arifin said on Sunday.Despite the calls to be less festive during the extended weekend, Jakartans exited the city in droves to go on their holiday getaways. According to state-owned toll road operator PT Jasa Marga, 361,236 vehicles left Jakarta on Aug. 14 and 15, kompas.com reported. (trn)Topics : With the big and joyous celebrations of Independence Day canceled this year due to the pandemic, Greater Jakarta residents had to get creative to celebrate the country’s 75th anniversary.To replace the annual festivities, which are usually filled with physical games and direct interactions, youngsters living in North Sukabumi subdistrict in Kebon Jeruk district, West Jakarta, decided to create an 8-meter-tall kite adorned with the red and white colors of Indonesia’s flag. “Since young people in this neighborhood had no activities to do following the canceled festivities this year, they – from kids to teenagers and young adults – decided to build themselves a giant kite,” resident Cahyadi said on Sunday as quoted by tribunnews.com.  The youngsters spent three days building the kite on an empty street at night, because the neighborhood did not have a spacious area, and they also had to comply with physical distancing policy.The North Sukabumi residents planned to fly the kite at the Intercon field in West Jakarta.Elsewhere, members of the Ciliwung Depok Community carried on with their tradition of staging a flag-hoisting ceremony at the Ciliwung River on Monday.Wearing life jackets and safety helmets, members of the community, which is known for promoting sustainability at the river, arrived at the flag ceremony spot on inflatable boats, celebrating the tradition for their seventh time on Independence Day.last_img read more

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‘Very poor’ Manchester United star David de Gea singled out after Wolves defeat

first_img Metro Sport ReporterWednesday 3 Apr 2019 8:28 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link51Shares Advertisement ‘Very poor’ Manchester United star David de Gea singled out after Wolves defeat Hargreaves criticised De Gea (Picture: VI Images via Getty Images)Wright added: ‘Maybe De Gea should have done better when he passed the ball to Fred for the first goal.‘He should have been looking for the wings there and passed the ball over and away from the danger like we have seen him do in the past.‘But to put that in the middle like that was poor play from him, very poor.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Advertisement Comment De Gea was criticised (Picture: AMA/Getty Images)Owen Hargreaves and Ian Wright singled David de Gea out for criticism as Manchester United suffered a damaging defeat to Wolves on Tuesday night.The Spaniard is often hailed as United’s most consistent performer but he had a night to forget at Molineux in a 2-1 loss.Arsenal legend Wright believes De Gea’s contribution to Diogo Jota’s equaliser was ‘very poor’ as he tossed the ball out to Fred who was then caught in possession, while former Manchester United midfielder Hargreaves thought he generally had a ‘bad day at the office’, with De Gea also culpable for Wolves’ winner after a mix-up with own goal scorer Chris Smalling.AdvertisementAdvertisement‘For Manchester United the issue is simple. It almost looks easy in the summer in terms of recruitment,’ Hargreaves told Premier League Productions.ADVERTISEMENT Solskjaer post-Wolves defeat Our performance deserved the winTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 6:19FullscreenSolskjaer post-Wolves defeat Our performance deserved the winhttps://metro.co.uk/video/solskjaer-post-wolves-defeat-performance-deserved-win-1897420/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘They need a world class defender, maybe two, because today when the game was on the line they needed someone to step up when actually it went the other way.‘It was a bad day at the office for David de Gea and a big blow for United and that top four.‘Very rarely do you see De Gea make that many mistakes in a game.’last_img read more

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There are still plenty of properties for less than $500,000 within 20km of the CBD

first_img9/35 Lavender Place, Fitzgibbon. Picture: realestate.com.auThe two-bedroom home is being marketed through Boonie Worth, of Ray White Bridgeman Downs.The villa has a tiled, open-plan kitchen, lounge and dining area and sliding doors opening out to the covered terrace.The master bedroom has carpet, airconditioning and a fan, plus built-in wardrobes. There is also an ensuite. A laundry is hidden behind sliding doors.At Virginia, about 14km from the CBD, a home at 105 St Vincents Rd is listed for offers of $459,000 plus. 74 Boundary St, Tingalpa. Picture: realestate.com.auTHERE  are still plenty of properties for less than $500,000 within 20km of the CBD – you just have to know where to look.New research data from PRDnationwide has revealed 16.1 per cent of suburbs within 20km of the Brisbane CBD have a median price of less than $500,000. 74 Boundary St, Tingalpa. Picture: realestate.com.auWhile the high end of the market seems to have gathered some momentum, the majority of sales within the greater Brisbane area are for between $500,000 and $750,000.Only 3.8 per cent were for more than $1.25 million. At Tingalpa, about 15km from the CBD, an offer of more than $460,000 could secure you a three-bedroom home at 74 Boundary St. The home, listed through Maryanne Birch of Maryanne Birch Real Estate – Hawthorne is close to parklands.It has an airconditioned lounge, which opens onto the front veranda. The kitchen has room for a table and chairs.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoIt is on a 500sq m fenced block, and is close to shopping, schools and public transport.At Fitzgibbon, about 16km from the CBD, 9/35 Lavender Place is listed for offers of more than $349,000.center_img 105 St Vincents Rd, Virginia. Picture: realestate.com.auThe home is being marketed through Richard Parker, of Watt Realty – Aspley.It has a large rear deck, and the modern kitchen has new appliances and a gas cooktop.The home, which is about five minutes from the train station, features timber floors. Outside is a fully fenced yard, rainwater tank and a double lock-up garage plus another shaded car space.last_img read more

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Austrian pension fund VBV laments regulatory bias against derivatives

first_img“Pensionskassen are not hedge funds or high-frequency derivative traders,” he said. “They use options and futures to optimise their portfolios.”The VBV board member said limiting the use of derivatives by institutional investors risked drying up liquidity in European derivative markets.He also claimed that “politics and regulation currently do not add up in Europe”, citing long-term infrastructure investment as an example.He said budget-constrained politicians had welcomed these investments while at the same time regulators were making them “unattractive” for investors, citing risk, valuation challenges and illiquidity.He argued that, “as with any niche investment”, the question remains whether it yields enough to compensate for the “administrative effort”.“Niche investments that are not returning at least 5-6% are not attractive – even now that the interest has gone down further – because the administrative and regulatory burden remains the same,” Schiendl said. The European Central Bank’s (ECB) decision earlier this month to lower the benchmark interest rate from 0.25% to 0.15% has merely served to increase duration risk and the relative importance of interest-rate derivatives, according to Günther Schiendl.The head of asset management at Austria’s largest Pensionskasse VBV lamented what he saw as misguided and indiscriminate “regulatory bias” against all forms of derivatives, as part of supervisors’ ongoing efforts to prevent speculation.“Regulators currently are eyeing derivatives very sceptically, which is regrettable because, at the same time, everyone is talking about risk management, and for this derivatives are the best alternative,” he said.Schiendl stressed that he, too, was in favour of regulating systemic risks in OTC derivatives and agreed that many credit default swaps had “caused a lot of damage”, but he argued that options and futures traded on a stock exchange were “something different”.last_img read more

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Mauritius designates first woman president

first_imgAmeenah Gurib-Fakim is a renowned scientist and biologistThe government of Mauritius on Monday designated Ameenah Gurib-Fakim as the Indian Ocean island nation’s new president, making her the first woman to hold the ceremonial position.The appointment of Gurib-Fakim, an internationally-renowned scientist and biologist, is subject to parliament approval, due to take place on Thursday.The opposition has said it will support her appointment, making the vote a mere formality.Her inauguration is expected to take place on Friday, officials said. Gurib-Fakim, 56, will be the first female president of the island, which gained independence from Britain in 1968 and which replaced Britain’s Queen Elizabeth II as its head of state in 1992.Former president Kailash Purryag, who had been put in place by the previous government, stepped down as the island’s figurehead on Friday.Britam drops 2 directors linked to scam He had served as president since July 2012, when he was appointed by the island’s previous Labour party government of former premier Navin Ramgoolam.The previous government had fought the elections on a platform of delivering constitutional reform — notably with a divisive proposal to strengthen presidential powers.Ramgoolam himself had hoped to eventually run for the new, strengthened position. Since his election defeat Purryag has been seen as an unwanted figurehead, while Ramgoolam has been embroiled in corruption allegations that have shocked the country.Mauritius is one of the richest — and least corrupt — countries in Africa, a middle-income country of some 1.3 million people with a per capita GDP of just over $9,000 (7,200 euros).Once dependent on sugar exports, the island has built up a strong outsourcing and financial services sector, and an important tourism industrylast_img read more

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Dearborn foundation awarded $2.2 million in 2014

first_imgLAWRENCEBURG, Ind. – The Dearborn Community Foundation (DCF) awarded $2.2 million grants and scholarships in 2014.“We consider our grants and scholarships to be investments in our community,” said Fred McCarter, DCF Executive Director. “Many generous donors make all of this possible! The Foundation is here to help donors make their charitable wishes come true. We are proud to help them make a difference in Dearborn County!”One million dollars were awarded to support needs of the community in various fields of: Art, Culture and Humanities; Community and Public Benefit; Education; Environment and Animal Protection; Human Services; Public Safety; and Youth Programs. MoreThere were 200 scholarships totaling $433,675 were awarded to help recent high school graduates with their post-secondary endeavors and also to support students who are already attending college.DCF awards grants to non-profit charitable organizations that serve the residents of Dearborn County.last_img read more

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‘Bulldog Spirit’ enlisted to lift fire victims

Batesville, In. — The Batesville High School students, staff and Football Alumni will hold a benefit for the family of John and Julie Wilson Friday, September 8. The family lost their home and belongings in a recent fire.During lunch, from 11:05 a.m. to 1:15 p.m. and at the football game that evening versus Rushville monetary donations and gift cards can be dropped off. Household items and clothing can be dropped off at the BHS Guidance Office from 8:30 a.m. to 2:30 p.m. On Thursday, September 14 the Batesville middle School will hold a bake sale to benefit the family.The Wilsons have five children: Ben and Jacob, both BHS alumni; Sarah, a senior at BHS; Maggie and Luke, both Batesville Middle School students.

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