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Google Wave is, in short, a remarkably full-featured collaboration and communication tool, powerful enough for enterprise customers and easy enough for civilians. It's also a warning shot across the bow of pretty much every software company anywhere. It's amazing how many people's grills Google is getting up into with this single product. It's real time like AIM and Twitter (and it can talk to Twitter by importing and exporting tweets). It's social and shares media, like Facebook. Anybody who makes an e-mail client or collaboration software should be paying attention to Wave. This...
...bill for 2007's much smaller Pan American Games, which ended up costing the city 10 times the original $177 million estimate. The 2016 Games' $14 billion budget includes a $427 million Olympic Village for athletes, but lodging and security for everybody else are still question marks: Rio is short on hotel rooms, and the city's homicide rate, 47 per 100,000 residents, not only is triple that of Olympic also-ran Chicago but is also up 10% this year...
Friday’s report, which follows Harvard’s announcement last month that its endowment had shrunk by 30 percent this past year, also reveals billions of dollars in losses sustained through the University’s investments of cash designated for short-term expenses...
This weekend, the Boston Globe’s article on Harvard’s financial report suggested that the University’s decision to invest short-term cash alongside higher-risk endowment assets was unusual, and cited Stanford spokeswoman Lisa Lapin as saying that her school “wouldn’t take a cash account and invest it with the endowment...
...prevent the school from meeting its existing obligations, and that the University’s cash position was secured by new debt issued by the school this year. Nevertheless, Shore said in an interview posted by Harvard that the school has adjusted its investment strategies to emphasize short-term flexibility and cash needs and will continue pursuing such “rebalancing efforts” in the future...