Daily Archives: September 29, 2016

JASTA blowback: Saudis threaten to pull billions from US economy, could restrict airspace

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Paul Watson talks Climate

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Lonnie Bunch & Ta-Nehisi Coates on the Museum of African American History and Culture

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Climate Change and the Growing Risk of Nuclear War: A Health Care Perspective

Climate Change and the Growing Risk of Nuclear War: A Health Care Perspective

A one-day Symposium to examine the catastrophic public health consequences of climate change and the ways that climate change will increase the risk of conflict, including nuclear war.

Date: Saturday, October 15, 2016, 9:00 am – 4:30 pm
Location:
Tufts University School of Medicine, Sackler Auditorium, Boston (Map/Directions)

Global Climate Change
Environment Ethics
Environment Justice

A Tale of Two Endowments | News | The Harvard Crimson

When University President Drew G. Faust and the investment professionals who oversee Harvard’s endowment seek advice, they sometimes turn to an old friend: David F. Swensen, the Chief Investment Officer at Yale University.

Over the last few years, the Boston fund managers have had a lot to talk about with their New Haven counterparts. In fiscal year 2016, HMC returned negative 2 percent on its portfolio, a loss that, together with other financial flows like the $1.7 billion HMC distributes to fund University operations, combined to an almost $2 billion drop in the endowment’s total value. In a difficult market year that saw many large institutional investors lose money, Yale posted 3.4 percent growth for fiscal year 2016—outpacing Harvard by more than 5 percent. Its endowment size is now $25.4 billion, compared to Harvard’s $35.7 billion.

Not that Yale’s superior financial performance is anything new. Since fiscal year 2006, Yale has outpaced Harvard every year except two: fiscal years 2008 and 2010. Yale’s winning streak in financial markets is almost as dominant as Harvard’s on the gridiron.

Now, with a search for its fourth CEO in 10 years underway, Faust and Harvard’s investment leaders are wondering whether Harvard should more closely emulate Yale. At issue in particular is Harvard’s “hybrid” investment model, an idiosyncratic system in which the University employs a robust in-house staff of almost 200 and retains a number of external money managers. Yale, on the other hand, almost exclusively invests through outside funds, like many other university endowments. Fewer than 40 people work for the Yale Investment Office.

…(read more).

Global Climate Change
Environment Ethics
Environment Justice

Refugees in the US: Montana-based group call for refugee resettlement

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Thom Hartmann Book Club – “Last Hours of Humanity” – September 29, 2016 – YouTube

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