Massachusetts Institute Of Technology

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A Revere, Mass. police captain holds his cap while entering a memorial service for fallen Massachusetts Institute of Technology police officer Sean Collier, in Cambridge, Mass., Wednesday, April 24, 2013. Collier was fatally shot on the MIT campus Thursday, April 18, 2013. Authorities allege that the Boston Marathon bombing suspects were responsible. (AP Photo/Steven Senne)

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A police officer secures an area near the Massachusetts Institute of Technology campus on Friday, April 19, 2013, in Cambridge, Mass., after an MIT police officer was fatally shot. (AP Photo/Matt Rourke)

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In this Sept. 27, 2006, file photo, former General Electric CEO Jack Welch addresses students at the Massachusetts Institute of Technology, in Cambridge, Mass. (AP Photo/Elise Amendola, File)

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**File** Harvard President Drew Faust (left) and Massachusetts Institute of Technology President Susan Hockfield speak at a news conference in Cambridge, Mass, May, 2012. (Associated Press)

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Associated Press MIT economics professor Peter A. Diamond said critics had failed to recognize the value of his expertise on the causes of unemployment in blocking his bid for a seat on the Federal Reserve board.

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Associated Press photographs Four MIT grad students walk through a Nairobi, Kenya, slum in late March seeking answers about the usage of a nearby U.S.-funded medical clinic.

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The four MIT students tour Kibera's back alleys, past the one-room tin shacks, and jumped over slimy streams of sewage in their search for why Kenyans are reluctant to use the health clinic. Many residents, the students heard, didn't even know about the medical facility.

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"MIT is only a 2½-block walk to a lower economic neighborhood," Bill Cosby said. "Kids need to see more of this school and say, 'Yes, I can be part of this.'" (Associated Press)