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...market tumult caused by its announcement. And it sought to assuage its critics by promising to sell shares totaling about 5% of VW back to the market to allow banks to close their positions - at a handsome profit, of course, because Porsche first started buying VW shares when they cost $45. No one in Germany is crying any tears for the hedge fund losses, of course, but the episode has alerted many to the fact that casino capitalism isn't confined to Wall Street. And presumably some badly burned high rollers may be thinking about trading that Carrera...

Author: /time Magazine | Title: Hedge Funds Shorting VW Stung By Porsche | 10/29/2008 | See Source »

...that the public school is incapable of doing so, then the student may enroll in a more suitable private school at the expense of the government. The current problem is that this option is entirely under-funded; the federal government was originally set to pay 40 percent of the cost but currently only pays 17 percent. The onus then falls on individual schools and states to meet rising costs of education in a time when exponentially more students are being diagnosed with special needs.Palin promised that a McCain administration would finally provide the funding necessary for the government to ensure...

Author: By The Crimson Staff | Title: Crucial Needs | 10/29/2008 | See Source »

...been exactly alike.And yet, just a few minutes into the game last Saturday, I found myself wondering if my second trip to Princeton would be much like the first.Two years ago I began my career as a Crimson columnist, writing my very first column about a miss-call that cost Harvard the game. Those memories I had pushed so far into the back of my mind slowly began to creep forward. Let me set the scene. The 2006 edition of the Harvard-Princeton matchup had been highly anticipated, as both teams entered at an undefeated 5-0 mark. The Crimson...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: MAD ABOUT YOU: Officiating Still Poor Down in New Jersey | 10/29/2008 | See Source »

...From the coveted first envelope to partying on your club’s lawn with the sleaziest pre-frosh to circling the globe in your club’s private hovercraft, Prestige and Mobility will go the extra mile. For example, be conventional. Wear clothes that look like they cost $3, but are from an era where $3 bought a house. That means powdered wigs, pocket squares, and fine Umbrian cod pieces—all of which are assets on the punch scene, particularly at The Bee. Show up early for the first mixer so you can greet the members...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: Prestige and Mobility’s | 10/29/2008 | See Source »

...mayor is moving to a new home Oct. 28th - a 15-by-10-foot county jail cell where he will spend the next 120 days for lying during a civil trial to conceal an extramarital affair. Kilpatrick resigned in September after 8 months of accusations, denials and litigation that cost the city millions of dollars and brought its political development to a halt...

Author: /time Magazine | Title: Kwame Kilpatrick | 10/28/2008 | See Source »

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