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Okay. Your 401(k) hasn't lived up to the hype, but remember that even Warren Buffett lost $25 billion in the Great Recession. You've just survived one of the most harrowing periods in the history of modern finance. If you lost less than a third of your portfolio, you fared reasonably well. Your 401(k) may not be all it was cracked up to be, but with tax-deferred growth and a company match, it's still one of the best tools you have to get your retirement back on track. Handled with care (diverse, conservative investments...
...ended up occupied, its palms shading a large mansion. The 299 others are barren smears of sand. From his lonely vantage point in the eye of the World, the sheik, a horse-racing enthusiast and multibillionaire, recently waved aside Dubai's financial crisis - economists say the emirate is $80 billion in the hole - as a "passing cloud...
...renovations. Nearly 20 will need to be built from scratch. Cariocas, as Rio's residents are called, are still reeling from the final bill for 2007's much smaller Pan American Games, which ended up costing the city 10 times the original $177 million estimate. The 2016 Games' $14 billion budget includes a $427 million Olympic Village for athletes, but lodging and security for everybody else are still question marks: Rio is short on hotel rooms, and the city's homicide rate, 47 per 100,000 residents, not only is triple that of Olympic also-ran Chicago but is also...
...with House renewal—the estimated $1 billion project to physically reconstruct and modernize the College’s 12 upperclassman Houses—slated to begin in three years, undergraduates, tutors, and House Masters all voiced concerns over whether the initiative will leave intact the neo-Georgian Houses’ architectural oddities, which they say have contributed to the character of the Houses over the last eight decades...
Harvard, looking to safeguard its cash supply from the increasing threat of losses associated with the swaps, decided to post $500 million in collateral this past year to terminate agreements on $1.1 billion of its debt. In addition, the University will pay another $425 million over the next 30 to 40 years for new “offsetting” interest rate swaps, which will essentially negate the effect of the original swaps on $764 million of its debt...