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...compensate for endowment losses. While Harvard demarcates a certain amount of money to go to the FAS budget and an entirely different sum of capital for real estate and property development, essentially all of the capital comes from the same pool: the endowment. Harvard should not continue to buy million-dollar properties that will stay empty in Allston and Brighton for years to come as the university slows down construction projects. Instead, it should reallocate real-estate funds to FAS and other schools that are cutting jobs in order to eliminate budget deficits...

Author: By Megan A. Shutzer | Title: Let Them Eat Cake | 4/20/2009 | See Source »

...says. "It's valid until I turn 27." He didn't have to pay a thing. But he says he knows friends in Moscow that paid $10,000 for similar papers. "Draft-dodging is a national pastime," says Alexander Golts an independent military analyst. "In Russia it's a million-dollar industry." (See 10 things to do in Moscow...

Author: /time Magazine | Title: How to Dodge the Draft in Russia | 3/30/2009 | See Source »

...commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that the Nano is exactly the right car for these difficult times. "If I had conceived a million-dollar supercar today, I think you'd have every reason to question whether that's the right product at the right time in the planet that we are living in," Tata told TIME during a March 5 interview. "What has happened in the changing global economic situation reinforces, if nothing else...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

...There's no shortage of rooms to rent in the Old Town. Budget hotels and hostels are mostly clustered in Getsemani. Midrange and upscale accommodations can be found everywhere, many in El Centro or San Diego; the latter was once a middle-class neighborhood but is now peppered with million-dollar homes like the one 17 of us rented: a 200-year-old, eight-bedroom, blue row house (Casa Santissimo, San Diego), which goes for $2,500 per week...

Author: /time Magazine | Title: Loving My Time in Cartagena | 3/3/2009 | See Source »

...also giving away boats, trucks and gift cards as part of the game. Overall, it's distributing $10 million in cash and prizes to its top fantasy performers. During fantasy fishing's '08 debut, many winners got lucky. Shellee Kuykendall, a stay-at-home mother of two in Little Rock, Ark., didn't know fishing even had a pro circuit until she heard about the fantasy tournament from her husband and won $100,000. The million-dollar winner, a Minnesota man named Michael Thompson, had been out of work for more than a year before fishing saved...

Author: /time Magazine | Title: Want to Make $1 Million Fishing Online? | 2/5/2009 | See Source »

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