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...real stretch." Private donations invested by Yale University are currently worth some $23 billion; the endowment fund of rival Harvard is $35 billion. Dozens of other American universities boast funds valued at more than $1 billion. Even Britain's wealthiest universities are poor by comparison. The central endowment fund at Oxford is about $1.3 billion, and Cambridge's stands at roughly $2 billion. (The universities' individual colleges - Oxford has 39, Cambridge 31 - separately hold endowments worth a total of $11 billion.) At London's Imperial College, one of the world's best for scientific research, funds amount to around...
...hope we can get our rates of return to levels comparable to the best North American universities," says John Hood, vice-chancellor of Oxford. They've some way to go. In the decade to August 2006, Oxford's central endowment delivered an annualized return of 6.7%. Over an almost identical period, an appetite for riskier investments helped Harvard's endowment return 16.7%. At Yale, the rate was 17.2%. (In a coup for Cambridge, David Swensen, the former Wall Street exec who has masterminded Yale's returns, now sits on the university's own Investment Board...
...hasn't been demolished. Just safeguarding it has cost the government more than $150 million, and it took the lives of two firefighters in a construction fire last year. The rest of the 16-acre site is a tangle of more than 100 contractors and subcontractors without any real central guidance. Twin Towers developer Larry Silverstein has, in the view of critics, spent too much time litigating and not enough time cooperating. The Environmental Protection Agency first dangerously downplayed health risks immediately after 9/11, and then, as if to compensate, transformed itself into an über-regulator, fighting efforts...
...representing the Greater Cooch-Behar People's Association. They are demanding that eight districts currently divided between the eastern states of Assam and West Bengal be instead recognized as a separate state of Cooch Behar. "Our language and culture are different from these states'," says Babua Barman, a central committee member of the GCBPA, whose activists have been camping near Jantar Mantar for two years now, joining a chorus of calls for separate statehood from more than half a dozen regions across the country...
...Inevitably The Waterfalls will be compared to The Gates, the magical Christo and Jeanne-Claude project that filled Central Park three years ago with hundreds of flowing curtains suspended from goal post supports. Both projects put aggressively human devices into a semi-natural setting - a city park, a city waterfront - and invite you to make of that what you will. But I think there will be less opportunity to commune with Eliasson's cascades, which are located mostly in places it's not that easy to reach by foot or bicycle, than there was with the easily accessed Gates, which...