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Excelsior Value & Restructuring also requires just $500 to get in--but has no front-end charge. Excelsior's fund manager, David Williams, looks for undervalued stocks and companies that are reinventing themselves. Vern Hayden, a financial planner based in Westport, Conn., says it's his favorite $500 fund, and given its smattering of companies in most major sectors, he would suggest it for nearly any portfolio...

Author: /time Magazine | Title: Playing It Cheap | 3/19/2001 | See Source »

...class rankings; it's as though they believe their children should never have to suffer the indignity of being evaluated. Pity those kids when they get their first job. Last month Laila Kouri, 16, reflected on the SAT as she sat through an expensive coaching class in ritzy Westport, Conn. "I know people who blow off classes, are failing school and walk into the SAT and get a 1200 the first time," she sighed. "How can this be a fair test?" Well, as Kouri has learned, no one ever said life's tests were fair...

Author: /time Magazine | Title: Should SATs Matter? | 3/12/2001 | See Source »

...spent fretting over word analogies to worthier pursuits like community service or starring in school plays. Best of all, says Jane Brown, "we also think we'll see high-scoring students who don't submit scores simply on principle." Lis Bernhardt, a senior at Fairfield High School in Fairfield, Conn., was concerned more with pragmatism than principle. She spent months "consumed" by the SATs, investing countless hours--and more than $1,000--in tutoring to lift her scores. Then she toured Mount Holyoke, loved the campus and heard about its new SAT-optional stance. She submitted an early-decision application...

Author: /time Magazine | Title: Flying Without The Test | 3/12/2001 | See Source »

Where is Mary Shelley when we need her? Please, somebody, let the cloning of humans be only the stuff of a gothic novel--today's tale of Frankenstein's monster--instead of the unspeakably true horror story you published. DONALD T. SANDERS Madison, Conn...

Author: /time Magazine | Title: Letters: Mar. 12, 2001 | 3/12/2001 | See Source »

Founded 101 years ago, Camp Awosting near Litchfield, Conn., is one of the oldest private boys' camps in the U.S. But let no one assume it's stuck in the 19th century. Awosting was one of the first residential camps to offer computers as an activity back in the early 1980s. And five years ago, it became one of the first to offer e-mail. "It satisfies some of the need for instant gratification that both parents and kids feel," says owner-director Buzz Ebner. Each child has an individual account and can receive and send e-mails during free...

Author: /time Magazine | Title: Families: E-Gad! It's E-mail! | 3/12/2001 | See Source »

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