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...challenge of being rich, in a sharp recession, often moves from hiding wealth to keeping it. Some people with a lot of money get bilked by the genius of people like Bernie Madoff, a man who must be near the top of his class at Mensa. Usually, losing money does not require a lapse in judgment. In a poor economy, invested capital just disappears. People who had $20 million suddenly have $10 million. If they have been frugal, they are OK. If not, they often go bankrupt...

Author: /time Magazine | Title: Requiem for the Rich | 2/26/2009 | See Source »

...real for the hundreds of millions of Indians who live in it, the thousands of social workers, nonprofit groups and civil servants who are trying to change it, and those who tell its stories. That includes a handful of young Indian filmmakers who are making movies that are as sharp, challenging and entertaining as the best of Hollywood, although few have been distributed outside India. Let's hope the rest of the world will soon have a chance to see them. It's now their show...

Author: /time Magazine | Title: The Oscar Goes To ... | 2/26/2009 | See Source »

...Since the production takes up so much space, the dining hall can no longer fit the people who actually live in the house. They even rehearse during brain break. Because everyone wants a high F sharp with their late-night cereal. Naturally, angry Lowellians have responded in the best way Harvard students know how: passive aggressive email threads. At last count over 20 messages on the topic had been sent. Check out this...

Author: By Charleton A. Lamb | Title: Lowell D-Hall Puts Up The Velvet Rope | 2/26/2009 | See Source »

...scaled back subsidies for wind and other renewables. New wind installations dropped precipitously, and between 2004 and 2006 CO2 emissions increased by 3%. "They stopped everything," says Auken. One high-ranking official admits the pullback was a mistake, and last year the government released a new policy that sets sharp targets for improving energy efficiency, increases the CO2 tax and promotes the development of new offshore wind turbines. Nonetheless, the Finnish consultancy Poyry argued in a recent report that the government's new plan doesn't ensure that Denmark will meet its Kyoto targets by 2012. (Denmark has to reduce...

Author: /time Magazine | Title: Denmark's Wind of Change | 2/25/2009 | See Source »

...taken a hit” in recent months. According to Laren, Smart Woman Securities had experienced a drop in both new and returning membership relative to previous years.Students and career counselors have both been looking for ways to cope with the financial landscape’s sharp new contours. After three major investment banks folded in the last year, students have expressed increased interest in smaller boutique firms, that have suffered less in the face of market volatility. Harvard’s Office of Career Services began offering special information sessions called “Boutique Nights...

Author: By Victor W. Yang, CRIMSON STAFF WRITER | Title: Jobs Tough To Find For Future Financiers | 2/23/2009 | See Source »

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