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...about $20 million of the institute’s annual $150 million budget, the rest of which would continue to be filled by federal grants. “So we made this $100 million bet, then a $200 million dollar bet,” said Broad, a well-known philanthropist whose net worth is just under $6 billion, according to Forbes magazine. “Now we’re making a $600 million dollar bet that this will be the place in the world where the greatest scientific discoveries will take place...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Founding Couple Gives $400 Million to Broad Institute | 9/9/2008 | See Source »

...made this $100 million bet, then a $200 million dollar bet,” said Broad, a well-known philanthropist whose net worth is just under $6 billion, according to Forbes magazine. “Now we’re making a $600 million dollar bet that this will be the place in the world where the greatest scientific discoveries will take place...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: With $400 Million Gift, Future Secure for Harvard-, MIT-Affiliated Broad Institute | 9/4/2008 | See Source »

...they did more to guarantee property rights, cut red tape and so on. But these changes come slowly. In the meantime, we can't wait. As a businessman, I've seen that companies can tap new markets right now, even if conditions aren't ideal. And as a philanthropist, I've found that our caring for others compels us to help people right now. The longer we wait, the more people suffer needlessly...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...atonement. Drawing on decades of hindsight, she accepts that her mother's war wounds, though less visible, ran as deep as her father's - and she endeavors to heal them. In the novella, she envisions her mother as what she could have been, a teacher and philanthropist, not the "demented" woman that war had made her. The memoir honors that potential, too. "The real Emily McVeagh was an educator, who told stories and brought me books," Lessing writes. "I owe to her, my mother, my introduction to books, reading - all that has been my life." In moments like this, Lessing...

Author: /time Magazine | Title: Doris Lessing's Battle Scars | 7/9/2008 | See Source »

...Netscape crying foul, the Feds successfully pressed an antitrust suit against Microsoft. The PR damage - Gates acting insolent on the witness stand, showing a convenient lack of memory about key business decisions - turned out to be short-lived and is all but forgotten as Gates remakes himself as a philanthropist. But the court's decree forced the great general to march cautiously into the future. He may have won the Battle of the Browser, but he would start to see major casualties in the Internet...

Author: /time Magazine | Title: Bill Gates: PC Genius, Internet Fool | 6/29/2008 | See Source »

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