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...Russian government recently admitted that Vladimir Putin earned 11% more than his superior President Dmitry Medvedev. Putin is only the premier, but he was the head man before that, so some of his pay package may have been grandfathered. The Russians did not say. (See pictures of Putin's patriotic youth camp...

Author: /time Magazine | Title: Capitalism Finally Takes Root in Russia | 4/7/2009 | See Source »

...other words, the dollar. "The frequency and increasing intensity of financial crises," Zhou said, "suggests the costs of such a system to the world may have exceeded its benefits." Zhou recommended turning Special Drawing Rights (SDRs), the unit of account used by the International Monetary Fund (IMF), into the premier international currency. Then a U.N. panel of economists led by Joseph Stiglitz, the Nobel laureate, concluded that a reformed financial system with a new No. 1 international currency would help bring greater strength and equity to the global economy. Stiglitz told reporters there was a "growing consensus that there...

Author: /time Magazine | Title: Is the Almighty Dollar Doomed? | 4/6/2009 | See Source »

...received a $1,000 award for their victory in the team competition. The six-hour, 12-question exam was administered by the Mathematical Association of America in the first week of December. A total of 3,627 students from 545 colleges in the United States and Canada participated. The premier undergraduate mathematics competition covers fields such as group theory, set theory, graph theory, and number theory. Results were released by the Harvard mathematics department on Monday, and one Harvard participant attributed his victory partly to serendipity. “I’m very happy to help the team...

Author: By Michael J Ding, CRIMSON STAFF WRITER | Title: Students Claim Math Victory | 4/2/2009 | See Source »

Notre Dame’s invitation to Obama does not imply that the university condones his positions on abortion, stem-cell research, and gay marriage, but rather that Notre Dame recognizes and appreciates its status as a premier institution that should facilitate intellectual exchange—including debate on this issue itself. Critics of Notre Dame’s choice have chosen to engage the issue intelligently: One image designed to protest the speech depicts a Shepard Fairey-style fetus underlined with the word “HUMAN,” invoking the popular representation of Obama during the election...

Author: By Emma M. Lind | Title: The Right To Choose (and to Protest) | 4/2/2009 | See Source »

...season if they hope to receive any additional financial aid from the government. Companies around the globe - Honda and Audi, to name two - have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending. A complete withdrawal from America's premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount considering the drastic measures being implemented elsewhere." [April Fools...

Author: /time Magazine | Title: Fake Pandas! And Other April Fools' Day Hoaxes | 4/1/2009 | See Source »

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