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...Also driving the deal was the knowledge that as Germany's baby boomers approach retirement age, the market for pensions and other savings products like mutual funds seems certain to expand. With Dresdner's DIT, Allianz's large insurance sales force will have mutual funds to peddle, while Dresdner's retail bank network will become a distribution channel for Allianz's array of insurance products...
...collaboration between the University and PBHA shows the potential for student group fundraising if facilitated by Harvard. The University should expand its policy exception beyond PBHA and allow all donations to recognized student groups to count towards class totals. The needs of PBHA may be far greater than those of most student groups, but the principle is the same. The policy change would let donors make unconstrained choices in their giving, targeting small donations to the groups that have the most immediate need. It would also allow campus organizations to become more independent financially, to cultivate their own alumni lists...
...propagating a compelling vision for the future but by broadcasting a kind of radiant hate that warmed some Serbian hearts and, by reflection, brought out the worst in some Croats, Muslims and others eager to defend themselves from his baleful ambitions. In four wars, he fought to expand his control beyond Serbia. In the end, he oversaw the rape of thousands, the murder of tens of thousands and the death of millions of hopes...
Where money does matter is in training costs. New York City will pay about $25,000 to attract and train each of its fellows, including paying for each recruit to earn a master's in education. In this year's budget, Levy requested $50 million to expand the program. Cities including San Jose, Calif.; Denver; Baton Rouge, La.; and Kansas City, Mo. will have fast-track programs by the end of the year. Critics say that money would be better spent on bonuses to retain teachers already on staff, a fifth of whom leave the profession after three years...
February's existing home sales--a hearty 5.18 million annualized--show an industry that, thankfully, doesn't know when to quit; odd, since housing often leads the downhill charge into recession. Construction giants such as Centex and KB Home continue to expand, thanks to consolidation, low mortgage rates and productivity gains. An order backlog means no housing glut this round: spec building has been a no-no since the S&L blowout, and many towns, already sprawling, are now persnickety about development...