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Yale Receives 50 Million Dollars For China Programs
Washington DC (XNA) Oct 03, 2006 Yale University has received a 50 million U.S. dollars gift to advance the University's collaborations with China in critical areas, Yale President Richard C. Levin said Thursday. Maurice R. ("Hank") Greenberg, through his family foundation, and The Starr Foundation are each donating 25 million dollars to Yale to create the Maurice R. Greenberg Yale-China Initiative, said the University in a statement. "We are pleased that the strong connections Yale has forged with China have given Hank Greenberg and The Starr Foundation confidence that the University will be a continuing force for positive intellectual, social, and economic change in China and around the world," Levin said. "Hank Greenberg's own involvement as a business pioneer in China exemplifies the value of actively engaging that nation's people and institutions," he added. Maurice R. Greenberg, the retired Chairman and CEO of American International Group, Inc., is now the Chairman and CEO of C.V. Starr & Company. Greenberg built AIG into the largest insurance company in the world. Greenberg is the former Chairman of the Asia Society and is Honorary Vice Chairman and Director of the Council on Foreign Relations. The Starr Foundation was established in 1955 by Cornelius Vander Starr. Mr. Starr, a pioneer of globalization, set up his first insurance venture in Shanghai in 1919. He died in 1968 at the age of 76, leaving his estate to the Foundation.
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China Strives For Free Compulsory Education For All
Beijing (XNA) Oct 06, 2006The new semester in March 2006 was different from others for Shang Zhibo in Manhai Elementary School of Manhai Village in Yunnan Province. For the first time in his six-year teaching career, he announced to his fifth-grade class of 16 students that they no longer needed to pay their 80 yuan (US$10) school fees. |
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