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Under the Uniform Management of Institutional Funds Act, which was drafted in 1972 and previously governed endowment payouts, institutions were only allowed to spend income from an endowed fund if its current value–including accrued interest–exceeded the original value...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: New Law To Help University Finances | 10/29/2009 | See Source »

...wake of World War II, the relay took on more peaceful overtones. For 
the 1948 Summer Games in London, the relay's first runner, a Greek army 
corporal, symbolically removed his military uniform before setting off. Four
 years later, the first torch relay for Oslo's Winter Olympics started in Morgedal,
 Norway, the birthplace of skiing pioneer Sondre Norheim. That relay also featured the
 torch's first trip in an airplane. (For the 1992 Winter Olympics in
 Albertville, France, the torch got an upgrade, flying from Athens to Paris on the famed Concorde...

Author: /time Magazine | Title: The Olympic-Torch Relay | 10/26/2009 | See Source »

...into the ring. The air rushes out of tiny, millimeter-long slots that run along the circular frame and flows down a gently sloping ramp. As the air emerges from the ramp, it creates a circular low-pressure region that pulls in the air from behind - creating a fairly uniform flow of air through the ring. (See the 25 best back-to-school gadgets...

Author: /time Magazine | Title: Dyson's Bladeless Fan: Worth the Hefty Cost? | 10/21/2009 | See Source »

...Tuesday that Catholic leaders were simply responding to requests by certain Anglicans to find a comfortable home in Catholicism. "We have been trying to meet the requests for full communion that have come to us from Anglicans in different parts of the world in recent years in a uniform and equitable way," said Levada, who would not specify how many Anglicans he expected to convert. "With this proposal, the church wants to respond to the legitimate aspirations of these Anglican groups for full and visible unity with the Bishop of Rome." In a joint written statement, Williams, who as Archbishop...

Author: /time Magazine | Title: The Pope to Unhappy Anglicans: Come On In! | 10/20/2009 | See Source »

Meanwhile, if the criteria and selection process for the peace award appears a bit hazy, those in the other areas are far from uniform either. Notes Philippe Valode, a French historian and author of a book on France's six Nobel winners in various categories; "Criteria for the scientific award are fairly clear and consistent, while those for economics are mostly firm - but open to subjectivity when social considerations factor in," Valode says. "Literature must have broad messages and allure to world-wide readers, But - being about art - a lot of creativity goes into the selection process, too. When...

Author: /time Magazine | Title: What Was the Nobel Committee Thinking? | 10/9/2009 | See Source »

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