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Though a Boston businessman named Charles Ponzi was the scam's namesake, he wasn't its original practitioner. According to Mitchell Zuckoff, a Ponzi biographer, the reigning king of the "rob Peter to pay Paul" scam was a New York grifter named William Miller, who bilked investors out of $1...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

University President Drew G. Faust announced in November that the University’s deep coffers had been hit hard, with the endowment losing 22 percent of its original value in the four months through October. The losses through the end of the fiscal year might amount to 30 percent...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Aid Office Continues Efforts To Recruit Lower-Income Students | 12/15/2008 | See Source »

13. Consumers file a class-action lawsuit against Apple after they realize that the company simply re-released its original iPod as its latest model, tricking millions of eager and unsuspecting people.

Author: By Rajarshi Banerjee | Title: A Wishlist for ‘09 | 12/15/2008 | See Source »

During the recent campaign you pledged to send an additional 20,000 American troops to fight the Taliban insurgency in Afghanistan. I supported your campaign, but I hope you will now break this pledge. It served its purpose by reassuring skeptics you would be ready to use force if necessary...

Author: By Robert A. Paarlberg | Title: Obama: Break Your Afghan Pledge | 12/14/2008 | See Source »

A few days later, Soderbergh and his star, Benicio Del Toro, presented Che at the Havana Film Festival. The authorities had warned they would not allow the picture to be shown if it was critical of Fidel Castro, and they found nothing objectionable. (One scene included in the original Cannes...

Author: /time Magazine | Title: Guerrilla in the Mist: Soderbergh's Che | 12/13/2008 | See Source »

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