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...school had charged the government for upkeep on a yacht and flowers and cabinets for Kennedy's home. Federal investigators were throwing around figures near $200 million in monies improperly awarded Stanford in reimbursements for research overhead costs, called "indirect costs...

Author: By Gady A. Epstein, | Title: ...While Leaner Times Set in on the University | 9/13/1991 | See Source »

...school had charged the government for upkeep on a yacht and flowers and cabinets for Kennedy's home. Federal investigators were throwing around figures near $200 million in monies improperly awarded Stanford in reimbursements for research overhead costs, called "indirect costs...

Author: By Gady A. Epstein, | Title: The Square: Hardly Hard Hit by the Recession... ...While Leaner Times Set in on the University | 9/11/1991 | See Source »

Meet Darren, a 23-year-old yacht-club manager with tousled blond hair and a cute British accent. You might call him a dream date. But then, you haven't met his main rival: Nico, 19, a bodyguard with slicked-back hair, a macho manner and a size 18 shoe. "Great lips -- fit perfectly with mine," drools one of three women who went on a date with Nico. Says another: "If he had kissed my neck, I would've lost control." For Darren, however, the postdate comments run from "He looked like he just woke up" to a grumbly...

Author: /time Magazine | Title: Hunks And Cheese Balls | 8/19/1991 | See Source »

...been especially hard hit. Dealers point to the new tax as the main reason that sales have tumbled 88%, to $8 million, in South Florida during the first quarter. The recession no doubt contributed to the slowdown, but boat sellers complain that shoppers have escaped the tax by buying yachts in the Bahamas. "It's a question now of how long we can hold out until the tax gets repealed," says Werner Kuhnke, a Miami-based Bertram Yacht dealer. Another consequence of the tax, contends the National Marine Manufacturers Association, has been the layoffs of thousands of skilled boatbuilders...

Author: /time Magazine | Title: Taxes: Tempest in a Yacht | 7/1/1991 | See Source »

...Stanford, investigators revealed that the university charged the government for depreciation on a 72-foot yacht (complete with jacuzzi) and floral arrangements and cabinets for the home of President Donald Kennedy...

Author: By Gady A. Epstein, | Title: The GAO Directs Its Attention to Indirect Costs | 6/6/1991 | See Source »

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