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...scheme seemed a bit convoluted from the start, but it offered oodles of money to the participants. An American investor agreed to lease tram and subway cars from BVG, Berlin's mass-transit company. And BVG, in turn, leased them back for terms ranging from 12 to 30 years. Under U.S. tax law at the time, the American investor was able to take a depreciation tax benefit on the equipment because it was held on a long-term lease - a financial benefit the investor shared with BVG. (Read about Paris' public bicycle system...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

...After World War II, Crocker Sr. obtained several horses for his home in Ipswitch, Mass. and helped start the Myopia Polo Club, spawning a dynasty that would become known by many polo aficionados. Crocker Jr. played recreationally, in addition to eventually becoming a Pulitzer Prize-nominated journalist and the director of the Edward R. Murrow Center for Public Diplomacy at Tufts University’s Fletcher School of Law and Diplomacy...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Grabbing the Reins | 4/8/2009 | See Source »

BROCKTON, Mass.—This weekend saw the Harvard baseball team emerge on the friendly end of a few slugfests, but its good luck—and its success at the plate—was bound to run out sometime.Crimson pitching continued its trend of giving up runs in bunches, and Harvard underwent a 16-5 thumping at the hands of Northeastern (15-10, 4-2 CAA) in the first round of the Beanpot Tournament at Campanelli Stadium yesterday afternoon.The loss means that Harvard (7-19, 5-3 Ivy) will play in the consolation game of the Beanpot Tournament...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Harvard Thumped by Huskies in Beanpot | 4/8/2009 | See Source »

BROCKTON, Mass.—While pitching has been an issue for the Crimson all season—with yesterday’s Beanpot opening round game against Northeastern as no exception—there has been little to complain about regarding the Harvard bats...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: NOTEBOOK: Douglas Continues Strong Play | 4/8/2009 | See Source »

...outside Phnom Penh. I'm not saying they're not worth seeing, but on our recent 10-day journey through Cambodia, we visited neither. My husband had already hiked Angkor Wat a couple of months back, and frankly, it just felt too depressing to center an entire vacation on mass murder. So we headed instead to southwestern Cambodia, to the developing coastline, in search of waterfalls and beaches. And we found that the people there were just as welcoming as the landscape...

Author: /time Magazine | Title: Beyond Angkor Wat: Cambodia's Hidden Coast | 4/7/2009 | See Source »

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