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...Sports Illustrated, which throws another popular bash, is also feteless this year. The magazine (which, like TIME, is owned by Time Warner) just suffered a round of job cutbacks. "In this historically challenged economy, hosting an extravaganza was not realistic," says SI spokesman Scott Novak. Nike is passing on a party. Cadillac, which has sponsored a celebrity go-kart race the past six years, also shuttered its event. Warrick Dunn and Derrick Brooks, who play for the hometown Tampa Bay Buccaneers, had scheduled a celebrity party and golf tournament for Jan. 29-30. But the event fell about...

Author: /time Magazine | Title: Thrown for a Loss: Super Bowl Parties | 1/28/2009 | See Source »

University spokesman John Longbrake was slow to acknowledge the problem that such “underwater funds” may pose as the current financial crisis brings unprecedented losses to the University’s endowment, saying only that it was “probable that [Harvard] will see underwater [endowment] funds” in the current fiscal climate...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Bill May Allow Flexibility | 1/28/2009 | See Source »

With a huge security operation in place, Iraqi officials have increasingly focused on more mundane election problems such as fraud and alleged violations of campaign rules ahead of balloting. Judge Kassem al-Boudi, spokesman for the Iraqi Independent High Electoral Commission, said 180 complaints were already registered. "You can imagine with any elections happening in the world, you should expect a number of violations," said al-Boudi, who spoke to reporters in Baghdad along with Qadir. "And we are sure that we are going to have more...

Author: /time Magazine | Title: Iraq Gearing Up for Lockdown on Election Day | 1/28/2009 | See Source »

...more than $1.5 billion - but the channeling of reconstruction aid into the territory is a contentious political issue. Israel and some international donors are reluctant to send funds through Hamas, which governs Gaza, for fear of "legitimizing" the Islamists, as Israeli Prime Minister Ehud Olmert says. One Hamas spokesman told TIME that the group's primary concern was rebuilding Gaza from the rubble. "We want to rebuild houses, not our military capacity," he said. But other Hamas commanders said they would continue bringing weapons into Gaza to enable their "resistance" against Israel...

Author: /time Magazine | Title: The Devastation of Gaza: From Factories to Ice Cream | 1/28/2009 | See Source »

...moment, the Obama Administration is being careful to publicly distance the Special Envoy from the region's most intractable problem. State Department spokesman Robert Wood told reporters on Tuesday that "it's not in [Holbrooke's] mandate...to deal with the subject of Kashmir." And the White House has also been careful to deny that India's lobbying played any role in the formation of Holbrooke's diplomatic charge; not only has it insisted that it held no meetings with foreign governments or their representatives with respect to the assignment, but it has also claimed that Obama never actually intended...

Author: /time Magazine | Title: Will Kashmir Be an Obama Foreign Policy Focus? | 1/28/2009 | See Source »

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