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...Hedge funds restrict themselves to extremely wealthy investors who understand the risks involved and who can hypothetically absorb occasional big losses. In return, the industry has largely been exempted from the regulatory and disclosure requirements imposed on more common mutual funds. But hedge funds haven't just been the domain of the ultra-rich. Other pools of wealth, including university endowments and public pension funds, have put their money in so-called funds of hedge funds, which spread risk by investing in a portfolio of hedge funds and hence are considered safer. But since hedge funds are doing badly...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

...Family Values The Hospicio De San Jose is a hushed haven from central Manila's crushing heat and traffic. Inside the orphanage's dormitory, Sister Socorro G. Evidente points through a window to Pauline, a 2-year-old napping in the dark, thumb in mouth. When she was a week old, Pauline was left by her mother, who said she was going to work in Dubai. She never came back. Some mothers, Evidente says, "do not even bother to send any money for their kids ... The children grow up feeling like they're really abandoned...

Author: /time Magazine | Title: The Motherless Generation | 11/13/2008 | See Source »

...David Strunce, told Congress last spring that the raw material comes from "government-regulated slaughterhouses." But that regulation, farmers in Jiangsu told TIME, is haphazard at best. And if the slaughterhouses are haphazardly regulated, the small heparin-processing businesses--hundreds of them across the country--are virtually unregulated. "We haven't ever had the government come and inspect our operation," said a processor in Jiangsu whose given name is Chang and who didn't offer his family name...

Author: /time Magazine | Title: Heparin's Deadly Side Effects | 11/13/2008 | See Source »

...marching into Providence and upsetting Brown, 13-3, last Saturday, the Bulldogs gave Harvard second life in the Ivy League title race. In the spirit of gratitude, Crimson Crazies, be courteous to your guests from New Haven next weekend, and show them how here at Harvard we don’t let silly rivalries get in the way of acknowledging good deeds...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AROUND THE IVIES: Nobody Could See This Coming | 11/13/2008 | See Source »

...superior earthquake preparation - California has strict building codes that are designed to prevent structures from collapse, and events like the Nov. 13 ShakeOut teach individuals what to do in an emergency. For the most part, though, the low death tolls can be attributed to luck. "We haven't had a big earthquake beneath one of our metropolitan centers yet," Allen says. "For example, in '89, the quake started beneath the mountains. There was some damage in Santa Cruz and San Francisco, but San Francisco was more than 60 miles away. When an earthquake occurs in densely populated urban areas...

Author: /time Magazine | Title: The 'Big One' | 11/13/2008 | See Source »

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