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Hedge-fund magnate John Paulson is donating $400 million to Harvard University, the school said Wednesday, the largest gift in the school’s 379-year-old history and among the biggest ever to a U.S. university. The money will be used to endow the School of Engineering and Applied Sciences, which will be renamed after Mr. Paulson. This “extraordinary gift will enable the growth and ensure the strength of engineering and applied sciences at Harvard for the benefit of generations to come,” said Harvard President Drew Gilpin Faust. Mr. Paulson graduated from Harvard’s Business School in 1980 and started an eponymous hedge fund in 1994. His firm made $15 billion in 2007 when it collected on bets that the housing market would collapse. Mr. Paulson personally pocketed $4 billion. The money will provide “a solid endowment for faculty development, research, scholarships and financial aid,” Mr. Paulson said in a statement. The gift comes on the heels of two other massive donations by alumni to Harvard, which has an endowment of $36 billion, one of the largest in the U.S. In 2014, hedge-fund manager Ken Griffin donated $150 million to the school, largely to be used for financial aid. At the time it was the largest gift in the school’s history. Less than a year later the family of Gerald Chan, a Harvard-educated investor, donated $350 million to the university’s school of public health. Other megagifts to top schools in recent years include $350 million to Cornell; $350 million to Johns Hopkins; $250 million to Yale and $225 million to the University of Pennsylvania. The gifts highlight the diverging fortunes of the nation’s colleges. The 10 richest institutions held nearly one-third of total cash and investments at four-year schools in fiscal 2014, while the top 40 accounted for two-thirds, according to Moody’s Investors Service. Wealth was concentrated among elite schools at similar rates before the financial crisis, but the gap shrunk as top schools lost big on more-volatile investments in 2008 and 2009. The rising fortunes of the wealthy universities are due to several factors, including the growing use of large-scale data analytics, which give college fundraisers a clearer picture of not only who has the capacity to give but who has the desire. That information makes large capital campaigns increasingly efficient and boosts the advantages of wealthier schools that produce wealthier alumni. Caroline Hoxby, a professor at Stanford who studies the economics of higher education, likens universities to venture-capital firms: They seek out the best students, invest heavily and frequently at a lossoften well beyond the cost of tuitionand hope to produce a handful of great successes who will give back enormous gifts or influence others to do so. Mr. Paulson’s gift will help transform a new campus Harvard is developing in the Boston neighborhood of Allston, across the Charles River from Cambridge. Allston has long been home to the business school and the football stadium, but Harvard is poised to begin construction on a 500,000-to-600,000- square-foot complex that will house part of the Engineering and Applied Sciences School, according to an article in Harvard Magazine. That complex is part of a much larger expansion.
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Hi, need your advice:) anyone bro here know whether the car park behind St. John Headquarters at Beach road open to public or only for season parking? If is open to public, what is the rate? Thank you
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Didn't know Elton John is a GAY .... Yahoo news: Elton John to get hitched in May London, March 30 (IANS) Singer Elton John and his partner David Furnish will get married in the summer of 2014. They will marry in an English registry office in May, Furnish told the Las Vegas Review Journal at John's birthday party Friday at Fizz, Las Vegas, reports eonline.com. The two entered into a British civil partnership eight years ago. But, given that Friday marked the first day gays were allowed to exchange vows in England, they've decided to head to the altar again. "We don't feel the need to take an extra step legally," said Furnish. "But since we're committed for life, we feel it's really important to take that step, and take advantage of that amazing change in legislation. We all live by example," he added. link: https://sg.entertainment.yahoo.com/news/elton-john-hitched-may-114004452.html
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For fellow forumers looking for furniture shop the abovementioned is certainly one you want to stay away. Our nightmare begin when we made the purchase for dining chairs with cushions (chair not useable without cushions) in mid Jan to be delivered this week. After selecting the cushion color and wood stain color we proceeded to make full payment. Few hours later the sales person called to inform that theres additional charges for cushions of approximate 1/3 of the chair price which we must top up or else cancel transaction. Looking at my invoice w clearly states that it's chairs + cushions, of course I refused to top up nor cancel the transactions. Having being served by a round robin of shop staff our efforts to get the order fulfilled were in vain. Most disappointedly a personal call to John Erdos himself had him siding his staff part of story that there wasn't anything amiss, a top up is required and no refund will be entertained. A staff who chose to remain anonymous said that this approach is consistent with past incidents. Past the delivery date, I still have not received what I paid for. I have lodged a police report and wld be seeking small claim tribunal intervention. Needless to say I personally condemns and blacklist it. Anyone has similar bad experience with this vendor or suggestion pls share.
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Saw a staff shouting F*** at a customer this morning in IMM. Seemed like the staff is a FT. He was screaming that his name is Gary. Was shocked. Is this becoming the service standard in Singapore ?
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this guy is the hier to the fiat empire John Philip Jacob Elkann (born April 1, 1976) is an Italian industrialist. He was the chosen heir of Gianni Agnelli, his grandfather, and controls the family's automaker Fiat (which also owns the Alfa Romeo, Abarth, Lancia, Maserati, and Ferrari brands, and in July 2011 acquired control of Chrysler[1], which also owns the Jeep, Dodge, Ram and Mopar brands[2]). He is the Chairman of Fiat and the Chairman and CEO of Exor, an investment company controlled by the Agnelli Family, which owns Juventus F.C, Cushman & Wakefield and Alpitour. and he is only 35
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I have a show to recommend to the rest of the forummers Movie: John Q starring Denzel Washington. Sypnosis: John Q. Archibald is an ordinary man who works at a factory and takes care of his family. His wife Denise and young son Michael are his world. But when Michael falls seriously ill and needs an emergency heart transplant operation that John Q. can't afford and his health insurance won't cover, he vows to do whatever it will take to keep his son alive. With time and options running out, a desperate gamble becomes his only hope--he takes the emergency room hostage. As John Q. barricades himself inside the hospital along with his unwitting group of emergency room hostages, many of them in need of medical care themselves, he faces off with a veteran police hostage negotiator and a quick-tempered police chief who both want to bring a swift end to the stand-off. I'm sure there'll a lot of you who watch this show before, but I still think it worth watching again. It's really moving and will prompt a lot of you to treasure your families a lot more. And that there are still hope in the world.
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This guy like to tio wacked man .. 1st kena wacked by wife's outside man http://trial-legal.asianconnect.com/legal/...urts/67491.html then kena wacked when try to rubba other man's gf http://www.channelnewsasia.com/stories/sin...1103951/1/.html
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Seems like John Terry 好学不学 go and learn tiger sleep here sleep there. Somemore sleep with then team mate Wayne bridge's ex-gf and impregenant her. Earn big money but zero morals!!!
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Many of you will know him. http://www.channelnewsasia.com/stories/afp.../442690/1/.html Really sad. Only 34 yrs old.
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Barely 90 minutes! Thanks to our world class censorship! Otherwise the movie is good, can feel the anger. Much more realistically bloodier than Saving Private Ryan, especially the throat ripping.
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Did anyone received this before? Sound too good to be true right? Wonder what are they trying to get? Any idea? I'm a 22 Years my father died about 3 years ago in a gold mine in MENDE, Republic of Serria Leone ,He was into legal gold minning,he has succeded in saving $12.8 millions dollars during his Business on Gold, before he went on a trip to Republic of Cote D' Ivoire West Africa near by country to our country to save his money for security reasons because of the political problem in our country. I need help from you out there who i can transfer this money to your country for investment and who will be sincere to invert me to his country with out cheating me or doing bad to me on my arraival me and my brother, I'm willing to give the you 15% of the money after the transfer of the money , please mail me immidately urgent to know your stands before looking else where you're the first person i'm contacting relating to this business. Now permit me to ask these few questions:- 1. Can you honestly help me as your son and daughter? 2. Can I completely trust you? Please,Consider this and get back to me as soon as possible. Treat this email confidential and it is never a joke for your information Yours Sincerely. John And Ruth Aloume for the family
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Guys, I needto go to john little in orchard. Is there a carpark in that building (specialist centre)? i know there is a public carpark right next to the building but it is always full. Can you guys offer me any alternative? i have to carry a heavy item for exchange