Word: subs
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...fund-raising generals-many close friends who were unlicensed to trade securities-down the line must have been given strict commands to avoid using the Madoff name. These generals ran many of Madoff's complex network of domestic and international feeder funds, which in turn created their own sub-funds. It was into these sub-funds many private investors, foundations, schools and other endowments poured their life savings. From the super wealthy, like Mort Zuckerman, to schmoes like me, the victim-cry is: Who the hell is Bernie Madoff? Had we known Madoff was behind all the "trades" maybe...
...year has nearly drawn to a close, and what a year it has been. It was the year of “hope” and “change,” but also the year that “sub-prime mortgage” replaced “WMD” in the American lexicon. Recent history has been particularly depressing: Between Blagojevich and billion dollar bailouts, there has been little to be pleased about this past month. I still smile whenever I hear about the Somali pirates, but I have a feeling that even this may grow...
...make improving education for the world’s poorest students part of Harvard’s development approach. We lobbied Harvard to allow our class to set up an alternate gift, in Harvard’s honor, which would build the institutional capacity of a university in sub-Saharan Africa with which Harvard already has academic collaborations. In view of the devastating impact of AIDS on African academics and the dilapidated state of their institutions, we felt that a class donation there could make a significant and tangible difference...
...early on the morning of The Game were probably pounding shots of tequila in the warm cocoon of their dorm rooms. For one set of drowsy yet dedicated undergrads, however, the morning played out quite differently: by seven a.m. the Harvard University Band was already outside braving the sub-zero temperatures at Harvard Stadium, without a mimosa in sight...
...pool cleaner, hoping to meet all the stay-at-home moms. It turns out the opening scenes of all those movies are a bit misleading. I got nothing but algae. So much algae. The horror. The horror. Freshman year, after I became well known for swatting jump shots from sub-five-foot Indian girls in B-league IM basketball, my Facebook profile was still surprisingly un-poked. I couldn’t explain it: I had worked it at all of the study breaks, and was staying in Annenberg late into every night. I was getting nowhere with the girls...