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...endowments and investments hit a record of just under $800 million in the 12 months to August last year, 13% more than in the previous year. And since private donations take the strain off the public purse, the government is keen to promote further giving: in a $400 million scheme outlined in April, it has pledged to match such donations to universities for the three years starting next month...

Author: /time Magazine | Title: Britain's Universities: Funding Excellence | 7/2/2008 | See Source »

...former hedge fund manager, who defrauded clients out of more than $400 million when his ill-conceived ponzi scheme collapsed, suffers from chronic back pain and wears a pacemaker. In his mug shot, he stares quizzically at the camera with the thoroughly un-menacing look of a man who has gotten himself in way over his head. Consequently, when Israel’s lawyers confidently asserted at a bail hearing that “there is no question that Sam is neither a flight risk nor a danger to the community,” they had every reason to believe...

Author: By Daniel E. Herz-roiphe | Title: Take the Money and Run | 7/1/2008 | See Source »

...constitutional law professor at Northwestern School of Law: "If you look at the cases he was always there." First, Kennedy penned the opinion in Boumediene v. Bush, which many believe was the most significant decision legally this term because the court declared the unconstitutionality of President Bush and Congress' scheme for handling Guantanamo Bay prisoners during a time of heightened national security concerns. ("It was a reasonably big slam," says Epstein.) Kennedy also authored the child rape case banning the death penalty as punishment, another pivotal decision. And he continually formed part of the majority in the other high-profile...

Author: /time Magazine | Title: When the Supremes Get Along | 6/27/2008 | See Source »

...fired plants is cheaper. And the closest connection point to the national electricity grid is 500 km away. But Grove-White says geothermal power will become economic once coal and gas plants have to pay for their carbon emissions, which he expects to happen in an Australian carbon-trading scheme due to start in 2010. While the transmission lines will be expensive, their cost - $500 million or more - is included in the business model...

Author: /time Magazine | Title: Deep Heat | 6/26/2008 | See Source »

...fraud. Meanwhile, Rivera and Louisma face separate foreclosure proceedings that may see them losing not only their own personal property but, in Rivera's case, her business. Neither Rivera nor Louisma have entered pleas. But Louisma's lawyer Harold Long told TIME, "This was a pretty extravagant and elaborate scheme. It's really uncertain if [Louisma] knew the parameters of this thing. I think he is prepared to assume responsibility for what he did at some point in time." Acosta has filed a not-guilty plea and cannot do appraiser work while the charges are outstanding. Housing experts are certain...

Author: /time Magazine | Title: Inside a Florida Mortgage Scam | 6/25/2008 | See Source »

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