Word: welled
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...some of the nation's most élite private schools. One of the largest recipients of Goldman money in 2008 was New Jersey private school Rumson Country Day School. Also on the list are Choate Rosemary Hall, Lawrenceville and Spence. Top colleges got their share of Goldman largesse as well. Harvard, Stanford Graduate School of Business, the University of Pennsylvania and the University of Chicago all got over $150,000 in donations from Goldman employees. "Corporations have to be careful to avoid the appearance of special access in return for charitable giving," says Ferrell. "If the public sees that...
...million hands of online poker. Don't have time for that? No worries; sociology doctoral student Kyle Siler of Cornell University has done it for you. His counterintuitive message: the more hands you win, the more money you're likely to lose - and this has implications that go well beyond a hand of cards...
...that struck Haiti on Tuesday is easy to measure in the lives lost, homes destroyed and infrastructure wrecked. The paradox of the quake is equally evident: when a natural disaster so devastating hits, oughtn't we have some way of predicting it? Hurricanes, blizzards, even volcanoes can be forecast well before their arrival, after all, allowing governments and people to make lifesaving preparations. Earthquakes, however, are stealth disasters, geological phenomena largely undetectable until just seconds before they occur. What scientists have long wanted to know is why quakes are so sneaky and what, if anything, can be done to read...
...Tapping into India's car market has always been a challenge for foreign automakers. Despite India's blistering economy, manufacturers have discovered a historic preference for cars that are small, fuel-efficient and cheap. The sensation that is the Nano is well-known; its unveiling two years ago at the New Delhi Auto Expo by Indian automaker Tata captured the world's imagination and further focused attention on India's growing role in the global car market. To be successful in India, small-car manufacturers have had to tailor their product to Indian tastes and conditions. When General Motors launched...
...having a hired driver is also common practice among India's socioeconomic élite, BMW also had to change its sales pitch to suit a buyer who might never even sit in the driver's seat. "When we get in contact with a customer, we show the backseat as well," says Kronschnabl. "We don't only focus on the driving experience because the [hired] driver experiences the driving; the owner experiences the backseat." Because the backseat rather than the driver's seat is a big selling point, unlike in most markets, bigger and more expensive BMW 5 Series sedans outsell...