The 650,000 jobs created or saved by the stimulus package so far make up only a small step toward correcting the gap between the tens of millions of unemployed people and the few openings that those people are fighting over.
The actress was the target of pranksters when she visited the campus of a rival college
When it comes to college investing, Harvard and Yale's endowments are powerhouses. Yale has posted a 12% annualized return over the last 10 years, and Harvard has returned 9% (versus 1.4% for an indexed stock-and-bond fund).
A freelance cameraman's appendix ruptured and by the time he was admitted to surgery, it was too late. A self-employed mother of two is found dead in bed from undiagnosed heart disease. A 26-year-old aspiring fashion designer collapsed in her bathroom after feeling unusually fatigued for days.
Many people with heart disease try to banish fats, but they're missing out on lots of foods that can protect the heart.
Raising the quality of teaching and learning in American schools is a priority. It receives a great deal of attention in our national discourse and should receive more.
In the early days of Microsoft's success, when my son's name was starting to become known to the world at large, everybody from reporters at Fortune to the checkout person at the local grocery store would ask me, "How do you raise a kid like that? What's the secret?" At those moments I was generally thinking to myself, "Oh, it's a secret all right ... because I don't get it either!"
My Rolls-Royce is a lot more expensive than your Buick. A pint of Ben & Jerry's costs double the A&P generic brand. That makes sense. But when it comes to college tuition, the difference between the Harvards and the Podunks is not nearly so great.
There are, as covered before on Executive Education, a plethora of lists purporting to rank business schools in order of excellence, which are useful but can sometimes be slightly blunt instruments.
The 650,000 jobs created or saved by the stimulus package so far make up only a small step toward correcting the gap between the tens of millions of unemployed people and the few openings that those people are fighting over.
The actress was the target of pranksters when she visited the campus of a rival college
When it comes to college investing, Harvard and Yale's endowments are powerhouses. Yale has posted a 12% annualized return over the last 10 years, and Harvard has returned 9% (versus 1.4% for an indexed stock-and-bond fund).
A freelance cameraman's appendix ruptured and by the time he was admitted to surgery, it was too late. A self-employed mother of two is found dead in bed from undiagnosed heart disease. A 26-year-old aspiring fashion designer collapsed in her bathroom after feeling unusually fatigued for days.
Many people with heart disease try to banish fats, but they're missing out on lots of foods that can protect the heart.
Raising the quality of teaching and learning in American schools is a priority. It receives a great deal of attention in our national discourse and should receive more.
In the early days of Microsoft's success, when my son's name was starting to become known to the world at large, everybody from reporters at Fortune to the checkout person at the local grocery store would ask me, "How do you raise a kid like that? What's the secret?" At those moments I was generally thinking to myself, "Oh, it's a secret all right ... because I don't get it either!"
My Rolls-Royce is a lot more expensive than your Buick. A pint of Ben & Jerry's costs double the A&P generic brand. That makes sense. But when it comes to college tuition, the difference between the Harvards and the Podunks is not nearly so great.
There are, as covered before on Executive Education, a plethora of lists purporting to rank business schools in order of excellence, which are useful but can sometimes be slightly blunt instruments.
CAMBRIDGE, Mass. -- At 12, Harvard tailback Cheng Ho remembers coming home from school on Wednesday afternoons, sitting in his living room to watch television and hearing shrieks come from behind his mother's bedroom door. "It was my mother's voice, but it wasn't really her," Ho said. "It was her illness."
Making the argument that Yale has the upper hand in its football rivalry with Harvard is not exactly a Sisyphean task. All you have to do is give the boulder the lightest of taps, and off it goes, up the hill and down the other side. First proven long ago, and confirmed so frequently over the years that it has entered the realm of fact, here's my list of ways in which Yale is superior to Harvard, as the universities prepare for the 125th playing of The Game.
Not since fourth grade have so many sophisticated investors been so troubled by a basic math equation. An asset-allocation problem called the "denominator effect" is forcing the selloff of billions in private equity and alternative investments.
In a virtuous circle that has doubtless brought a wry smile to many MBA professors' faces, the very process of getting into a top business school has, itself, now become a deeply lucrative activity.
Harvard and other Élite colleges are increasing aid to poor students. But can less wealthy schools compete?
There is an industry in this country that is making billions in profit while average Americans are struggling to fill up their gas tanks.
Can we all just stop the silly nonsense over who is an elitist and whether an "average American" will occupy the White House?
She may have dropped out of high school, but Charlize Theron still went to Harvard – for the day, at least.
Middle-income families with students in many of the nation's top universities are getting some relief.
MARKETS: So is a semblance of normalcy returning? Maybe. But really Market Shock 2007 will be with us for a while. Smoldering on. Worse in some businesses like credit derivatives, subprime mortgages. I forget who it was...maybe my former boss and wise man Norm Pearlstine (great to see you the other day Norm!)....who said this whole deal is going to be somewhat like the S&L crisis of the 1980s in terms of size and scope. In other words, bad for a lot of folks, not a killer though. The one difference is that I wouldn't look for any sort of bailout - though Bill Gross of PIMCO (for more on that institution, see below) thinks the government should bail out homeowners. To that I say....maybe. Certainly the Feds should not ride in to save the hedge funds, or even Countrywide (a question which our old friend Deep Blue was pondering the other day.).....So it's quiet today in NYC on Friday, the second day of Rosh Hashanah.....The big action of course will be on Tuesday when we find out if the
Harvard University, already America's richest university, said Tuesday its endowment grew to a new high of $34.9 billion, boosted by bets on emerging markets, real estate and private equity.
Harvard has lost about $350 million in the last month through an investment in a hedge fund founded by one the university's former money managers, according to a report published Wednesday.
Harvard's most famous dropout returns for his diploma, 30 years late. His final exam: Can he save the world?
A college education may be getting less expensive at some of the most prestigious schools.
The idea that poverty breeds terror appears obvious; how could it be otherwise? And people as different as the Archbishop of Canterbury, George Bush, Jacques Chirac and Pakistan's leader, Pervez Musharraf, have also noted a link between poverty and terrorism.
Pick up a newspaper or turn on the TV, and you can probably find a college professor opining on something - global warming, food security, poverty, you name it. But it isn't so easy to find anyone willing to opine on a college or university's practices in those same areas.
Harvard has a bigger endowment fund than any other school and Tufts' fund posted the biggest increase in 2006, according to a survey released Monday.
...or whatever his dream school is. By salting away money now and being realistic about financial aid, you can do it.
Plenty of parents fantasize about their child going to Harvard. But Paula and Gary Goldberg of Boca Raton, Fla. aspire instead to get their daughter Rachael, a high school junior, interested in sch...
Plenty of parents fantasize about their child going to Harvard. But Paula and Gary Goldberg of Boca Raton, Fla. aspire instead to get their daughter Rachael, a high school junior, interested in schools other than Harvard.
Fashion designer Bill Blass once said, "Red is the ultimate cure for sadness." Scientists haven't proven that, but they are finding evidence that the red-pigmented antioxidant lycopene, found in many fruits and vegetables -- especially tomatoes -- may play an important role in reducing risks of many diseases, including cancer.
Every year, would-be MBA students face one overriding question -- what's the best business school? The answer, unfortunately, tends to be annoyingly vague: It depends on what you want.
It's the summer before your senior year, and you're sweating.
The housing market is entering a down cycle, according to a report from Harvard's Joint Center for Housing Studies, but is unlikely to undergo a severe reversal.
Hedge funds racked up their best first quarter in three years at the start of 2006 and pulled in $24 billion in new assets as wealthy investors sought alternatives to the stock and bond markets, new research shows.
There's nothing ordinary about Harvard University's endowment. At $25.9 billion, it's the biggest such fund in the world, with an outstanding performance record, at the most prestigious of universities.
TRYING TO HAVE A BABY? About a million aspiring moms in the U.S. alone spend $3 billion or so each year in the murky (and unregulated) world of fertility treatments. In The Baby Business, Harvard p...
Faced with a high school senior who'd like to take a year off before college to go find himself, most parents would either roll their eyes, put their foot down or grab their heart with a shortness ...
Top-flight U.S. and European business schools face a constant battle to attract and retain quality teachers, but in developing economies the problem is even more acute.
ON A HAZY AFTERNOON IN LATE August, two of the most successful moneymen of our age made their way among the steep bunkers and double-blind holes of the venerable Yale Golf Club. Their showdown wasn't much of a contest: Host David F. Swensen, who runs Yale University's $15 billion endowment, shot "somewhere in the 90s," he says. His longtime friend and rival Jack R. Meyer, manager of Harvard's $22 billion endowment, shot a 76. "Jack's a spectacular golfer," Swensen admits. "He crushed me." When it comes to running money, though, Swensen and Meyer are much more closely matched. Swensen, 51, has managed Yale's endowment for two decades and built one of the most spectacular investment records on the planet--up 16.1% a year (while the S&P 500 index gained 12.3%). "Yale has the best returns of any endowment anywhere," he is quick to tell you. Meyer, 60, can't argue with that. Since he got the job at Harvard in 1990--thanks in part to a glowing recommendation from Swensen--he has trailed his Connecticut riva
As students in his competitiveness class settle into their seats, the professor lets fly an opening query: "Who can tell me why Estonia was so successful in making the transition to a market econom...
Even if you're more realist than optimist, the first stop on the path to wealth absolutely has to be college. People with a bachelors degree make 70 percent more than those with only a high school diploma, an advantage that adds an additional million bucks in earnings over their working lives.
One Harvard insider says Lawrence Summers will "challenge you on anything." Now, the tables are turned on the university's contentious president.
After years of breakneck productivity gains, American workers are slowing down. In the third quarter, productivity growth (a measure of how much a worker accomplishes for every hour on the job) fel...
Ten-year-old Moriah Sells is in the Gifted and Talented Program at her elementary school and has announced that she wants to go to Harvard, followed by Harvard Law.
University of California at Berkeley Haas School of Business Berkeley, CA
One of the least important things about nanotechnology is that it is small.
It seems as if the best minds on Wall Street are actually at the nation's top universities. The schools with the five biggest endowments in the U.S. have all made the grade, beating the S&P 500 by ...
It's Monday, 11 A.M., and I'm in the boss's office thinking I'm finally going to get that long-awaited promotion. "I want to tell you that we think you have great potential," she says with a stern ...
George W. Bush, America's first President with an MBA (Harvard, '75), is settling into the White House. The nation itself thus joins the ranks of some 40% of its 100 largest companies, which are al...
Harvard professor Marjorie Garber is the author of Sex and Real Estate: Why We Love Houses, which argues that Americans have strangely romantic--even obsessive--affairs with their homes. We asked h...
For America's high school seniors, April is the cruelest month. That's when colleges flood the postal system with news of who has won a place in next fall's freshman class. For more than a few fami...
Charlie Tillett remembers the year he entered MIT's business plan competition. It was 1991, and the second-year business student counted himself among the 50 or so active members of the school's Ne...
There's nothing new in the notion of business school professors straddling the divide between the ivory tower and the marketplace. They've always taken consulting gigs and seats on corporate boards...
Long the pet of free-market theorists, the idea of using vouchers to make schools compete has gone mainstream. In New York City, Mayor Rudolph Giuliani is advocating the use of public funds for vou...
Why Madonna and not the Spice Girls?
Economists rule the world. This is not a new phenomenon. "The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly un...
Having trouble saving for your retirement? Try this simple solution: Borrow some money at 7%, buy stocks that return 10%, and pocket the 3% difference. Still running short? Don't worry--just do it ...
The next time you consider sailing your small investor dinghy into the tempting but turbulent waters of an emerging market, keep the following exchange in mind: When FORTUNE asked swashbuckling fin...
Only well-known schools are excellent values, right? Not necessarily--as our rankings on page 108 demonstrate. To dispel more such myths, we consulted more than two dozen education experts, college...
CONGRATULATIONS!" "WAY TO GO!" NICE COMPLIMENTS--and heartfelt too--all directed at my wife and me from friends, family, even comparative strangers. The happy occasion was our son Jamie's graduatio...
Mutual funds are wonderful things, offering broad diversification and professional management to folks who haven't the time to pick their own stocks and bonds. But the great proliferation of funds-...
Funding cutbacks at state universities are forcing deans of public business schools to become just as enterprising as their private peers. They are raising endowments, boosting tuition, and hiking ...
Starting July 1, students at 104 colleges and trade schools, including Harvard, Rutgers and Memphis State, will apply for federal loans directly through their school's financial aid office rather t...
IT'S A BIT like watching a scientist develop a drug to cure a serious illness. But the patient is American business, the hoped-for cure is a new, improved MBA, and the scientist at the moment is Jo...
Since 1973 the real cost of a Harvard degree has risen at a 2.6% annual rate. But the cost of eggs has actually declined 5.1%. And stop barking about the high cost of movie tickets -- down 0.6% ann...
How a degree pays off -- The cost of a year at Harvard has climbed faster than these other prices over the past 15 years:
(10) Painful farewells to complimentary Harvard manservant. (9) Nude break-dancing duels discouraged at most Wall Street firms. (8) Diplomas now made of paper, not animal skin parchment, which I co...
At Harvard in the spring, all seniors' watches are set to the same time: the eve of greatness. Even in coffee shops, one hears wonders of a world to come. Three seniors, eating eggs the morning aft...
SO YOU BOUGHT a crimson necktie, certain the boss was ready to send you off for 11 weeks of fast-track executive education at the Harvard business school. Might as well send it back, friend. A revo...
JOHN KENNETH GALBRAITH, 83, Harvard economist, liberal, and author of 28 books: ''I spent my youth and early manhood worrying about corporate power. Now I worry about corporate incompetence.''
Getting young managers into U.S. business schools is big business in Japan, where a stateside MBA offers not only prestige but also a peek at the inner workings of America's largest corporations vi...
It looks like a small, elite college: an ivy-covered classroom building, a wooded, rolling campus. But don't be fooled -- this place is 100% business. It's Crotonville, home of General Electric's M...
ROGER KATZ, Wharton MBA class of '91, personifies the idealistic, articulate, creative, technologically hip, and withal modest souls that business schools are striving so desperately to turn out. T...
Harvard's just sent one of those thick, juicy envelopes -- meaning that you're in -- and now you're asking yourself: Do I accept? (Yes!) Or do I spend the next four years at some fine state school ...
IT'S A BLEAK winter evening in a drab Warsaw suburb. Some four dozen Polish workers in leather jackets have crowded into the parish house of a Catholic church. They used to meet there secretly afte...
Graduating MBAs aren't the only ones after big bucks. Business schools want % money too, and some are ready to rename themselves after you -- provided you can meet the asking price. You're too late...
It is time to rethink the notion that fast-track law school students are motivated by greed alone. The National Association of Students Against Homelessness (Nasah) has raised some $38,000 for the ...
In which Kindly Dr. Keeping Up deconstructs a sacred text: the latest fund- raising letter to alums of Harvard and Radcliffe, or is it Radcliffe and Harvard? Dear Kindly: What's all this then about...
THE JUNK-BOND JITTERS struck again in mid-April. Unlike previous lapses of confidence in the market, which followed events like the indictment of Ivan Boesky, no single cause was to blame this time...
STAND ASIDE, Rhett Butler, for a new literary hero, who at 64 is even older than Gone With the Wind and really does give a damn. With over 2.6 million copies in print, Iacocca: An Autobiography has...
Prodded by FORTUNE (November 9, 1987), among others, for graduating too many investment bankers and not enough manufacturing experts, Harvard business school is taking action. In the fall the schoo...
What means the news from Harvard? We allude of course to the titanic struggle over union representation for the university's mostly female technical and clerical workers. Prexy Derek Bok was widely...
JAYNE BUXTON, 26, was bumping along as a $25,000-a-year media buyer in her hometown of Montreal. Then she went to business school and turned into a hot property. Her best offer among six came from ...
^ As never before, immortality is for sale. What kind? The kind that comes when a donor cements his name to an institution: Stanford University, Carnegie Hall, Rhodes Scholarships, the Pulitzer Pri...
You are playing tennis. Your opponent frequently challenges you by coming to the net. Assuming that you try to win every point, you basically have two choices when he does that: lob over his head o...
Nobody has ever accused the Harvard Business School of being an ivory tower, a refuge for woolly-minded scholars out of touch with real life. No, this is a worldly institution and a great worldly s...
OF ALL THE REASONS bright people once chose careers in biology, getting rich surely was not one of them. The challenge of unraveling life's deepest mysteries -- and the tantalizing chance for a Nob...
ONCE UPON A TIME, late in the dizzy bull-market party of the Roaring Twenties, the chairman of Princeton University's investment committee, a banker named Dean Mathey, decided that the level of sto...
The main conclusion of a recent report in The New England Journal of Medicine wasn't startling. The study, which tracked the health, weight, and habits of some 17,000 Harvard alumni age 35 to 74 ov...
We have been meaning to write about the college commencement scene for several Junes now and to register this funny feeling that some will doubtless diagnose as neoconservative paranoia but that ha...
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