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...also said that the University was right to put such a premium on the value of its money managers, noting that if the endowment had produced median returns over the last 10 years, the University would have $9.6 billion less...

Author: By Stephen M. Marks, CRIMSON STAFF WRITER | Title: Alums Decry University Investor Salaries | 12/12/2003 | See Source »

...because the bill drafters had only $400 billion to work with over 10 years under the federal budget cap that Congress set back in February. Here is how it will work for senior citizens who sign up: beginning in 2006, they will be required to pay a $35 monthly premium and a $250 yearly deductible. The program will then cover 75% of drug costs up to a maximum of $2,250. At that point, because of the budget restriction, a gap in coverage (known in Washington as a "doughnut hole") occurs. The next $2,850 in prescription-drug bills must...

Author: /time Magazine | Title: Six Questions About The New Medicare Bill | 12/8/2003 | See Source »

...here's another problem: the $35 monthly premium figure is just a guess at this point. Since private insurers will administer the drug benefit, some senior citizens might have to pay a higher premium, depending on what part of the country they live in or the insurer they use. In addition, there is no guarantee that the particular prescription drug a person needs will be covered. That will be up to the insurance firms, and it could vary from company to company...

Author: /time Magazine | Title: Six Questions About The New Medicare Bill | 12/8/2003 | See Source »

...Republicans say seniors can opt to stay with Medicare, but Democrats complain that private firms will have the unfair advantage of a $12 billion subsidy and will be able to enroll healthier people, leaving Medicare stuck with the sicker and more expensive ones. They say that could drive up premium costs for people who remain in Medicare...

Author: /time Magazine | Title: Six Questions About The New Medicare Bill | 12/8/2003 | See Source »

Almost every big rap star has a line of clothes, but only Roc-A-Fella lifts its own drink. Tired of seeing liquors like Allied Domecq's Courvoisier profit from mentions in songs, Roc-A-Fella partnered with William Grant & Sons, a Scottish distiller, to release Armadale, a premium vodka, last January. Armadale has already produced a $700,000 profit as well as criticism of Dash for pushing liquor to kids. Dash sees a double standard. "We're not saying kids should drink it," he says. "We're saying, 'Hey, kids, you can start a business.' Is it a negative...

Author: /time Magazine | Title: Entrepreneurs: Dashing Diversification | 12/8/2003 | See Source »

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