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...beginning next year, unprecedented moves for the historically secretive group. Given continued worries in the credit market, El-Erian warned in his annual letter to Harvard affiliates that the high returns from the past year should be viewed as including some "windfall gain" as opposed to indicating a future trend of equal performance. "It's one thing to have a good year, but it's also important to build the foundation for continued long-term institutional excellence," El-Erian said. "Most of the work here is not something that outsiders see, but at the end it really matters for maintaining...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Endowment Swells to $34.9B | 8/21/2007 | See Source »

...German engineers and their five Afghan colleagues were abducted in nearby Wardak province, and 23 South Korean Christian volunteers were seized from a bus by the Taliban in Ghazni, just 3 hours from the Afghan capital. This spate of kidnappings in and around the capital heralds an alarming trend for foreign nationals working in Afghanistan...

Author: /time Magazine | Title: The Kidnappers of Kabul | 8/18/2007 | See Source »

While the abduction of foreigners is a new trend, criminal kidnappings of Afghans have been going on in the capital for several years. But the past year has seen a dramatic rise in such abductions, few of which are ever reported in the media. "This is going to make news because it's a foreign woman who was kidnapped, but the reality is that it's a daily occurrence - not weekly, not monthly - for local nationals," says a Kabul-based businesswoman who asks to remain anonymous due to security fears. "Everyone who works in this town will have it happen...

Author: /time Magazine | Title: The Kidnappers of Kabul | 8/18/2007 | See Source »

...American-financed developments in Scotland. Seven are in the works, including a $500 million development in Aberdeenshire by Donald Trump, who claims, with characteristic Trumpian restraint, that he will build "the best golf course in the world." He told TIME that his project is not a follower of this trend but rather its cause: "I think I've done a lot to help put Scotland...

Author: /time Magazine | Title: The Investment of St. Andrews | 8/17/2007 | See Source »

...does the argument completely hold that unlimited re-election for Hugo would somehow create a destabilizing trend in Latin America. A chronic succession of caudillos, dictators and other strongmen in the region's history did lead it to embrace the one-term presidential limit for much of the latter 20th century. But in the past decade, five major South American countries, including the biggest, Brazil, have changed their constitutions to allow re-election; and one of them, Colombia, may even permit a third term...

Author: /time Magazine | Title: Chavez's Push for Permanence | 8/17/2007 | See Source »

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