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Dates: during 2000-2009
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...Attorney's office has filed 11 counts against Madoff for his part in a decades-long Ponzi scheme, now estimated in court documents to amount to $64.8 billion, considered the largest in history. In fact, the new dollar amount cited in a Justice Department communication to Sorkin tallies the total size of the fraud, which dates back to the 1980s, at $170 billion, which includes money invested with Madoff, interest earned and payouts to investors as well as the value of things he bought for himself, like a yacht. "The charges reflect an extraordinary array of crimes committed by Bernard...
...applications. This year, the number of financial aid applicants increased from 73 to 78 percent of the undergraduate population, according to Dean of Admission and Financial Aid William R. Fitzsimmons ’67. But Harvard remains able to meet the full financial need of its students, which will total $147 million next year—an 18 percent increase from 2008-2009. Harvard’s funding for financial aid comes mostly from the endowment and other private sources, with only around five percent coming from the federal government, according to Fitzsimmons. The increase in applications is concurrent with...
...original mansion - an expansive cream-colored Art Deco affair that today accommodates the hotel's sought-after Imperial Suite on its top floor - has been supplemented with two perfectly matching wings, which in total make for 122 guest rooms. Each features a terrace that overlooks either the waters of the Perfume River or the distant stone towers of the former Imperial Citadel. Decked out in warm ocher, dark woods and raw Vietnamese silk, the rooms exude good taste, but the suites in particular benefit from wooden four-poster beds and themed décor that can depart, rather fancifully, from...
...opposite direction. After killing a salesman, 36, and his client, 46, at a car sales yard in a local business area, the gunman was shot in the leg by law-enforcement officers but managed to vanish between the parked cars in the vicinity. The killing spree, which took a total of 16 lives, finally ended when Kretschmer, aware that the police were closing in, shot himself; he was found dead at around...
Even before the financial and home foreclosure crisis hit full stride, the number of homeless children in America had reached an alarming level. The National Center on Family Homelessness released a report today that estimates that one in every 50 American children was homeless between 2005 and 2006. That totals roughly 1.5 million kids. While the center provided no previous statistic to compare against that figure, a study conducted with different measures published in 2000 put the total at 1.35 million children living in homelessness each year. The numbers are likely to get worse as the economy continues to decline...