Word: profitably
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...Latham's been unfairly caned for wielding what is really a tiny axe, the more salubrious private schools are feeling misunderstood, too. Lost in the buzz about high fees is the fact that every school on Latham's list is a not-for-profit institution. In Australia, no one gets rich owning or running private schools. "Governments fund students, not schools," says I.S.C.A.'s Daniels. Education consultant Gregory Heath says that Latham's platform is "just part of the mix ... it won't swing the election." By reviving an issue that inflames passions like few others, however, Latham has made...
...while at the College. As a matter of fact, Dixon has had plans in the works to start her own service program, “Math and Munch,” which would teach fourth and fifth graders math through cooking. However, Dixon acknowledges that guidance in pursuing non-profit work post-graduation is not as plentiful, “at the undergraduate level, Harvard is very supportive, but otherwise, there isn’t that much information available...
...hedge funds are back--and bigger than ever. You may recall George Soros' minting a $1 billion profit in one month on a bet against the British pound in 1992 and later spurring the ire of small nations, which feared his currency plays would hurt their economy. Then in 1998 major hedge player Long-Term Capital Management self-destructed, and because it had borrowed so heavily, its losses threatened the health of large banks around the globe...
...fall. It's happening now. Some $80 billion flowed into hedge funds this year through August, and the average hedge fund rose about a woeful 1%. The hedgies are under pressure to pump up returns to justify their steep fees--which run to 2% of assets plus 20% of profits. The SEC's primary concern is fraud, in which a hedge fund hides losses or misstates the value of its holdings. Worse, says Donaldson, is the kind of cheating that came to light in last year's mutual-fund scandals. Some hedge funds had schemed with investment firms to trade...
...aspect of chess that Stepak takes most seriously. As I scribble in my notebook he nods approvingly, “Writing things down is important, part of the process of learning is physically writing.” Before he began teaching chess full-time he worked for educational non-profit and volunteer organizations...