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...possibility that a blown tire on takeoff sent scrap rubber screaming into the engine inlets, triggering a fire. In 1981 the National Transportation Safety Board in the U.S. warned Concorde operators about blowout risk after four takeoff incidents. Pilots say a fully loaded Concorde's takeoff speed and maximum tire speed can come perilously close...
...summer-school evaluations, students who attended summer classes outperformed those who did not, according to a study by University of Missouri psychology professor Harris Cooper. The benefits can be lasting: 85% of students who spent their sixth-grade summer in Chicago's program, with classes at 15 students maximum, will be promoted to high school this fall. "The intimidation factor is not there," says Blondean Davis, who runs Chicago's program. "It's the ideal teaching environment...
...solution has been the founding of venture philanthropies, which use the same aggressive methods as venture-capital firms, whose money typically comes with technological expertise and experience at running lean, efficient organizations. This new breed of philanthropist scrutinizes each charitable cause like a potential business investment, seeking maximum return in terms of social impact--for example, by counting the number of children taught to read or the number inoculated against malaria...
...from Hobbs, N.M. His fashion sense is decidedly more WWF than PGA: tank top and shorts, shaved head, piercings and a sun tattoo across one forearm. "Golf shouldn't be about age or tax bracket," he barks. Laughs Michael Caruso, editor of Rupert Murdoch's new Gen-X magazine Maximum Golf (which claims a circulation of 300,000): "There's something to be said for anything that explodes the old form. Whether these things will ever catch on, I'm doubtful. When was the last time anybody invented a new sport...
...burden of succession is by gifting shares of stock over a period of years to the next generation. If the business is going to remain in the family and has a sizable worth, gifting should be done over as long a time as possible, Messervey says. A maximum of $10,000 in stock may be passed down annually to each child by an individual. Currently there is a lifetime exemption of $675,000 for tax-free gifts. Any offspring who is not going to be involved in the business can still receive a minority interest and nonvoting stock--or, upon...