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...Michael M. Burns, who is the associate director for science at the Institute, said that the Junior Fellows program has been the major focus of the Institute under Spaepen’s leadership. Established in 2003, the program provides young scientists—usually those who have recently received their PhDs—with the opportunity to undertake independent experimental work for five years with financial backing from the Institute...

Author: By Alissa M D'gama and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Veteran Spaepen To Serve as Interim Dean of Harvard Engineering School | 8/23/2008 | See Source »

...point is, it would only take about $9 billion to control the entire long position in oil. That sounds like an enormous amount of money, but some of the major individual players in oil are bigger than the market itself: Sultan Hassanal Bolkiah Muizzaddin, of Brunei Shell Petroleum, is worth about $23 billion; Saudi Prince Alwaleed Bin Talal Alsaud is worth about $21 billion; Russian Vagit Alekperov of LUKoil is worth about $13 billion. No, we're not implicating any of these guys in market rigging; in fact the list of billionaires with that kind of swag is long...

Author: /time Magazine | Title: Are Oil Prices Rigged? | 8/22/2008 | See Source »

...weekend by Barack Obama's camp that they had approved our request to interview the candidate for TIME. We were to meet him in Albuquerque, N.M., on Monday afternoon. My flight from Kansas City, via DFW, landed on time Monday morning after three hours of the usual misery. Nothing major: my seat, inches from the fuselage-mounted engine, knocked a couple hundred hertz off my hearing range, and the guy in front of me had reclined his seat so far back I could count his follicles. But I look at it this way: it beats waking up on a Greyhound...

Author: /time Magazine | Title: A Happy Air Travel Tale (For Real) | 8/22/2008 | See Source »

...Russian officials have said that they will remove the bulk of the troops that have occupied Georgia by the end of Friday. But there is still little evidence that the promised pull-out will be completed on or near schedule Friday morning. Russian soldiers controlled a major checkpoint just 35 km (21.7 miles) from Tbilisi on the road to Gori, checking papers, searching cars and preventing some foreigners, including many journalists, from traveling further. The withdrawal "is taking place but very slowly," says Finnish foreign minister Alexander Stubb, the head of the Organization for Security and Cooperation in Europe...

Author: /time Magazine | Title: The Russians Are Coming...Or Going? | 8/22/2008 | See Source »

...General Lloyd Austin, the top U.S. commander in Iraq, said this week that al-Qaeda is "in disarray" in northern Iraq and largely out of Baghdad. "There is a sense of normalcy that's returning to Iraq," he told Pentagon reporters. Austin spoke of a recent visit to a major outdoor market in Mosul that was "overflowing" with Iraqis, something he said "would not have been possible just a couple of months...

Author: /time Magazine | Title: Is the Iraq War Winding Down? | 8/22/2008 | See Source »

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