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Ponzi, who was released from prison and deported back to Italy in 1934, set the standard in the genre. But the golden age of Ponzi and pyramid schemes didn't arrive for decades. (The two highly similar cons are often conflated, though in Ponzi schemes, a ringleader facilitates the entire enterprise; in a pyramid scheme, rungs of collaborators recruit new investors.) In the boom years of the 1980s and '90s, as traders developed increasingly sophisticated investment vehicles, the cons cropped up with increasing regularity. In 1985, a San Diego currency trader named David Dominelli was revealed to have fleeced more...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...Movement Resource Centre and the Women Coalition, with support from groups working on myriad issues, including civil rights, HIV/AIDS education and transgender awareness. It represented progress for China's gay community, marking the first large-scale event of its kind in any major Chinese city (only Taipei has hosted similar events). Antonio Licon, a Web designer for Hong Kong Magazine who grew up in Hawaii, said, "I think socially there are a lot of pressures in Hong Kong to conform to expectations and not disappoint parents...

Author: /time Magazine | Title: A Gay-Pride Revolution in Hong Kong | 12/14/2008 | See Source »

...deadline to add or drop courses. Two of the insider tickets have platform points that would mean major changes in the Registrar’s office. The platform of Andrea R. Flores ’10 suggests changing freshman grading to “pass/no record”, similar to the system at MIT. Benjamin P. Schwartz ’10 advocates in his presidential platform extending the add/drop deadline from five weeks to eight weeks. Both such changes would require approval by a vote of the Faculty, which could require more than a year of committee wrangling and cajoling...

Author: By Danella H. Debel and Chelsea L. Shover, CRIMSON STAFF WRITERSS | Title: Can UC Candidates Deliver? | 12/12/2008 | See Source »

...series of car accidents, while the third imagines a dystopian future. Though each has a different setting and plot, they are all connected by a common cast. Despite the distinct qualities of the characters in the different pieces, Bohrer found that some cast members suited themselves to similar roles in all three. Bohrer’s acting experience informed his approach to writing. “I wanted to write characters that were fun for actors to play,” he says. He drew on Harvard theater veterans and newcomers alike for his cast. “James...

Author: By R. DEREK Wetzel, CONTRIBUTING WRITER | Title: Truth Can Be 'Slippery' Onstage | 12/12/2008 | See Source »

Duana Fullwiley, an assistant professor of African-American studies, recalled a time early in her career when Lamont invited her to coffee after they met by chance in the street and discovered they were conducting similar research...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Lamont Appointed Diversity Dean | 12/11/2008 | See Source »

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