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...Cohen succumbs to the common misconception that Harvard’s endowment—admittedly still the largest of any university—is merely an ocean of cash that can be accessed on a moment’s notice, which is not at all the case. Sometimes, as the many budget cuts Harvard has made in the last year demonstrate, a wealthy organization still has a very real need for donations...
...Witless Bay Ecological Reserve About 40 minutes south of St. John's, the small fishing community of Bay Bulls is the departure point for puffin-and whale-watching cruises through this reserve. It's home to a half-million-strong Atlantic-puffin colony that is North America's largest. A 90-minute catamaran trip with marine-tour operator Gatherall's, www.gatheralls.com, will whisk you out to Gull Island, which teems with birdlife during the April to August breeding season. From July, humpback whales begin to arrive: keep your eyes peeled...
...European revenues shrank 39%. While Western economies look set to remain in the doldrums for the foreseeable future, most Asian countries are registering surprising growth and auto sales are bouncing back. India and China are particularly bright spots; the latter has surpassed the U.S. to become the world's largest car market. Sadly for Ford, Asia accounts for a mere 5% of the company's total global revenues. In China, it's ranked only the fifth largest in sales (GM, now owned by the U.S. government, is No. 1). In India, Ford is a distant eighth. (See the 50 worst...
...formidable organization. Its predominant partners are the Islamic Supreme Council of Iraq - the largest Shi'ite political party now led by Ammar al-Hakim, the son of the recently departed and revered cleric Abdulaziz al-Hakim - and the militant Moqtada al-Sadr's party, which has its pulse on the much of the country's poor and frustrated Shi'a underclass. (Read how the shoe-thrower put Maliki in a sensitive spot...
...upsets have been accompanied by periodic allegations of corruption. When Atlanta earned the 1996 Games, many thought it was through the intervention of Atlanta-based Coca-Cola, one of the largest Olympic sponsors. Such conspiracy theories generally don't progress beyond whispers, but the 2002 Winter Olympics were an exception. Ten members of the IOC were thrown out after taking gifts from the Salt Lake Bid Committee prior to the vote, which Salt Lake City went on to win. The U.S. Department of Justice brought charges of bribery and fraud against two members of the committee, though charges against both...