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...month, Minnesota businessman Tom Petters was indicted by a federal grand jury on 20 counts of fraud, conspiracy and money laundering stemming from his alleged role in a 13-year, $3.5 billion Ponzi ring. Still, the $50 billion fraud Madoff allegedly perpetrated is the most egregious Ponzi scheme to date-unless you subscribe to an argument advanced by financial consultant Janet Tavakoli. In a neat summary of the anger millions of people are channeling toward Wall Street, Tavakoli wrote on her company website: "The largest Ponzi scheme in the history of the capital markets is the relationship between failed mortgage...
...launch date had been set for this year, Harvard’s year-old upper middle income financial aid program might not have been implemented due to the worldwide economic crisis, which has taken an $8 billion bite out of the University’s endowment...
...skill and his conditioning really well.” Now the Crimson was tied with the Yellowjackets 4-4, and the No. 1 seed was set to play. For Harvard, that player was Colin West, who has been flawless so far this season, not losing a match to date. His faceoff against Rochester No. 1 seed Jim Bristow would be no different. It seemed like Bristow, who was a First Team All-American, was not going to be an easy opponent. But West swiftly defeated him 9-0, 9-0, 9-5 to secure a Crimson victory. Things were looking...
...going on in Minnesota, where 2.9 million voters left Senator Norm Coleman just 215 votes ahead of Saturday Night Live star Al Franken. Since then, both sides have politely allowed a legally required hand recount to take place, one with very clearly specified rules and no scheduled end date. But the recount ended on Dec. 5, just as Minnesota's secretary of state said it would, and the result didn't differ much from the initial count. "We didn't have to do a lot of overtime," says Cindy Reichert, the elections director of Minneapolis. "We did do some evenings...
...students who find talking about sex to be just plain awkward, Harvard’s Peer Contraceptive Counselors (PCC) are here to help, although they won’t tell you who to date. “Guy, guy, girl, girl, partner, partner; whoever you love,” said PCC co-director Justine R. Lescroart ’09, a former Crimson columnist and active editorial editor. “Or whoever you want to have sex with,” added PCC counselor Marianna B. Tu ’09, to laughter from the audience. In an open...