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...budget for the Olympics during lean times? Some $13.8 billion in public funds has been allocated to the London Games, a huge jump from the $5 billion that was budgeted in 2005. Having fluffed the original math, though, the government insists that the event won't cost a penny more. The $290 million increase in the cost of building venues announced on Feb. 5, for instance, will come out of a $3 billion contingency fund included in the inflated budget. So too will the $682 million in extra public money needed for the media center and Olympic village - home...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

...particularly in the net. Harvard junior goalie Christina Kessler made 27 saves in Saturday’s 4-0 win over Brown, notching her second clean sheet in three games—a span in which the Crimson has also scored 14 goals. “Goaltending has been huge too,” Harvard tri-captain Sarah Vaillancourt said. “Kessler has been doing a tremendous job for us, and I think that’s key.” Kessler’s run of success evokes memories of last season, when she set the NCAA...

Author: By Loren Amor and Kate Leist, CRIMSON STAFF WRITERSS | Title: NOTEBOOK: Goalie Shines in Net Amid Scoring Surge | 2/9/2009 | See Source »

...said REP co-founder Hans J. Schoenburg. “We focused on transparency, or the lack thereof, around university endowments.” Bowman called Boston “the epicenter” of socially responsible investing firms in America. “There was a huge need, coupled with a lack of understanding, coupled with a huge amount of expertise available in Boston,” he said. “These factors provided ripe conditions for a conference here at Harvard.” The conference began in Boylston Hall on Saturday afternoon and continued throughout...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: SLAM Hosts Endowment Event | 2/9/2009 | See Source »

When Bernard Madoff's huge Ponzi scheme burst, the New York Post reported, in its typical cut-to-the-jugular style, that suicide hotlines were lighting up in Greenwich, Connecticut, home to many of the financial high-rollers snared by the alleged $50 billion scam. But the deadly fallout from it was no joking matter. Only a couple of weeks after Madoff's mischief was revealed, French financier Rene-Thierry Magon de la Villehuchet killed himself in his New York City office, apparently distraught by his having lost more than a billion of his clients' (and his own family...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

...Marysville eight, and Steels Creek seven. It happened quickly. Marysville motel owner Christine Adams says that the only warning was a red glow in the sky. "We sent the guests packing and put a few things in the car and then we saw the flames. It was like a huge fireball that came over the hill. It was moving very fast and we grabbed a few more things and headed out of town in a convoy," says Adams whose hotel burned to the ground...

Author: /time Magazine | Title: Horror and Tragedy in Australia's Worst Wildfires | 2/9/2009 | See Source »

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