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...billion) with an aw-shucks aura. There is the Buffett who insists on carrying his own luggage even when flying by private jet. The Buffett who as a teenager got C's and D's in school and stole golf equipment from Sears, yet also filed his first tax return, for $7, deducting his wristwatch and bicycle as expenses in his newspaper-delivery business. And there is the Buffett who desperately craves attention and gets excited when a porn star says on her website that he's her hero. Buffett, Schroeder writes, is "at heart nothing more than a starstruck...

Author: /time Magazine | Title: Warren Buffett Tells All: The Women in His Life | 9/23/2008 | See Source »

Though Harvard’s endowment has posted strong returns amid the global financial crisis, the University’s finances may still be affected by the frozen credit markets. Harvard had issued more than $1.5 billion in variable-rate bonds as of the end of the 2007 fiscal year, according to the University’s annual financial report. These bonds have the potential to become costly for the University because of their volatility in the current turmoil. Interest rates on variable-rate bonds have soared as investors demand higher rates of return on these securities in the face...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Harvard May See Key Rates Rise | 9/23/2008 | See Source »

...reduce the anxious waiting period. Some voiced concerns about the effects of a long commute on their children, suggesting that the algorithm be tweaked to allow parents to prioritize factors—like geographical distance or educational programs—on their preference form. A few parents advocated a return to the neighborhood schools system. Some were not convinced of the underlying value of a socially engineered school system. “We actually had less choice in Cambridge with a controlled choice program than we would in a town without it,” said Bill Hees, a parent...

Author: By Michelle L. Quach, CRIMSON STAFF WRITER | Title: Parents Criticize 'Controlled Choice' at Cambridge Public Schools | 9/23/2008 | See Source »

...great all game. Without the defense, we wouldn’t have had all those chances.” Now only a touchdown drive away from assuming the lead it held briefly in the first quarter, the Crimson seemed poised for a comeback. Instead, a fumble on the kick return gave the Crusaders the ball and set them up for a touchdown run, extending their lead to 24-12. With 9:21 left in the fourth quarter and down 12 points, Pizzotti marched his troops down the field. After rushing the ball on four straight occasions, a pass from Pizzotti...

Author: By Christopher J. Guenard, CONTRIBUTING WRITER | Title: ATHLETE OF THE WEEK: Pizzotti Leads Harvard to Comeback Win | 9/22/2008 | See Source »

...Thursday evening, however, the Fed and the Treasury proposed a more fundamental solution to the meltdown, and it curiously seems to embrace the idea of eternal return. The bailout package sent to Congress envisages the purchase of toxic mortgage-related assets from banks by a government agency directly dependent on the Treasury. It has a direct precedent in the Resolution Trust Corporation (RTC), an institution created during the Savings and Loans crisis to avoid dumping real estate assets after bank failures, and thus to avoid a further decline in real estate prices through the usage of federal funds. The current...

Author: By Pierpaolo Barbieri | Title: The Bubble Doom | 9/21/2008 | See Source »

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