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...percent fall from 2010 to 2011. The news came as a surprise, especially since it marked a significant departure from expectations in the previous fall for scenarios ranging from a flat payout to a 2 percent decline in dollar value. In September, Harvard announced that its invested endowment assets took a 27.3 percent hit in the past fiscal year, bringing the total value of the endowment as of June 30 down to $26 billion (since December of 2008, the University had been planning for a 30 percent drop-of in endowment value for the year ending June...
...also threw a grand party to commemorate the milestone. The New Year's Eve soiree started with an all-day street festival, transitioned to a fireworks display ending with cheers at midnight from the crowd of more than 200,000. Previous New Year's Eve celebrations typically took place outside of Old Trinity Church in Manhattan's financial district. But by contemporary standards these weren't parties at all because there was no ball...
...public space to mark the exact hour. Ochs conceived of an ornate "time ball" that would descend just before midnight to mark the exact end of the year. The first ball to drop - an illuminated 400-pound iron-and-wood orb - was lowered from a flagpole. Tradition took root and the ball has heralded a new beginning almost every year since - in 1942 and 1943, during World War II, the ball was temporarily put out of commission by a war-time "dimout." Instead crowds gathered in the square and observed a moment of silence before hooting and hollering...
...actually try. "He responded with something along the lines of 'I'm going to play, and I'm going to score,' " Josh says. She showed up, and Jeremy scored the maximum number of points one player could amass under the kiddy-league rules. "From that game on, he just took off and never looked back," says Josh. (See the top 10 sports moments...
Mexican insurrections often do coincide with important dates. Most recently, Zapatista guerrillas in the poor southern state of Chiapas started a revolt on Jan. 1, 1994, the day the North American Trade Agreement (NAFTA) took effect. A big fear now is that Mexico's drug cartels, responsible for almost 15,000 killings in the past decade, are lending their resources and firepower to emerging guerrilla groups. If so, their plan may be to sow bicentennial terror and turn Mexicans against President Felipe Calderón's drug-war offensive. This past fall authorities say they seized an arsenal of large...