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While the weather in Cambridge took a turn for the warmer this weekend, members of the Harvard nordic ski team headed north to Rangeley, Maine for one last race in the snow—a 50k-freestyle race at TD Bank Rangeley Lake Loppet...
...also given sufficient moola to hire top-tier talent, who were put on handsome retainers. Tom Wolfe was rumored to be paid $12 a word; Michael Lewis $50K an article. David Margolick was poached from Vanity Fair, where the contributing editor's retainer was well into six figures. Less renowned staff writers were said to make over $150,000 a year. Deputy editor Amy Stevens was making north of $400,000, several colleagues said. Even some of the bloggers were hitting the $120,000 mark...
Even college students have caught the moderation virus. They're anti-affirmative action, but they'd like to see more diversity on campus. They'll march for a living wage for Harvard's workers, but they'll be in an investment bank earning more than 50K in a couple of years. They'll qualify their political leanings with a, "But I voted for/believe in/don't believe in, blank." They don't want to be pigeonholed, labeled or defined. The danger in this is that they are so busy not being labeled, defined or pigeonholed, that they don't take...
Riding on his success in last year's $50K entrepreneurship competition at MIT, Favarola has taken a leave of absence from Harvard to manage his startup company. The company plans to develop and market the display technology for military, medical and entertainment applications...
...Grand Cayman, check out a new online bank opening its virtual doors this week. Sicherheit und Privat (Security and Privacy) is an Austrian bank that offers encrypted communications, digital cash transactions and a privacy-protected MasterCard for a minimum deposit of $1,000 (as opposed to $10K to $50K in a typical Swiss bank). Could be just the thing for low rollers trying to hide cash from a spouse's divorce lawyers...