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...paragraphs about hotel amenities. Wallace attended the festival, but instead of writing about lobsters as food he mused about them as living beings in a piece that, after some entertaining diversions through marine biology and colonial history, asks, "a question that's all but unavoidable at the World's Largest Lobster Cooker, and may arise in kitchens across the U.S.: Is it all right to boil a sentient creature alive just for our gustatory pleasure...
...rate and try to identify priorities,” University President Drew G. Faust said last spring. “So what we’ve been talking about is really the use of the strategic payout.” Harvard’s $36.9 billion endowment is the largest in higher education, though it trails Princeton’s $16 billion endowment on a per-capita basis. Under increasing scrutiny, Harvard and other wealthy universities have defended their sub-five percent payout rates as necessary to build a cushion against periods of financial downturn. Several of Harvard?...
Harvard’s money managers announced that the endowment grew 8.6 percent in the year ending June 2008, outpacing both internal and industry benchmarks in a year of historic market turmoil. The returns bring the largest endowment in higher education to $36.9 billion from $34.9 billion last year. The fact that the endowment only increased by 5.7 percent was due to the highest spending from the endowment in Harvard history. The stellar returns were fueled in part by steep increases in commodity prices in areas such as oil, metals, and food. While Harvard invests only 8 percent...
...once the launch of a new fishing vessel would have drawn hundreds of locals in their Sunday best to the quayside, the big draws at this year's Seafest were not fishing vessels but Viking warrior re-enactments, candy stores, carnival rides and a palmist called Amalia Lavengra. The largest boat in the harbor was not some weathered trawler, but the Donara II, a 34-foot yacht owned by Andy Stewart, Commodore of the Arbroath Sailing and Boating Club. "It's mixed emotions," says Alex Smith, a former Arbroath fisherman who sold his boat last year, and who offered "Pleasure...
...loud confrontations with Washington haven't been playing so well at home this year. Still, he has plenty of leverage: Venezuela is the U.S.'s fourth largest foreign supplier of oil, and Chávez has long threatened to cut off the flow if he were to find evidence Washington was moving to oust him - as he insists it did during a failed coup attempt in 2002. Regarding Duddy's expulsion, one Miraflores source points to the upcoming U.S presidential election and says, "We're taking these actions in large part because U.S.-Venezuela relations can't support the election...