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...Many of cricket's traditional fans are worried that the IPL and all these piles of cash could lead the game into strife. They're old enough to remember cricket's first revolution in 1977, when the Australian TV mogul Kerry Packer secretly enticed most of the world's best players to join his rebel outfit, known as World Series Cricket (WSC). Back then, cricketers were expected to play for little besides national pride and really did get a crummy deal from the establishment - match fees in the hundreds of dollars and no contract money. WSC changed that and, though...

Author: /time Magazine | Title: The Indian Century | 2/28/2008 | See Source »

...certainly lucky that he's heading Indian Railways during a period of tremendous growth in India. The company is minting money hauling freight for mines thanks to the massive demand for iron ore in China, to cite just one example. But you also have to be clever enough to cash in. Contracts with mining firms are now linked to the price of ore rather than "set in concrete like in the old socialist fashion," says Kumar. "You have to make the best use of the opportunities the global market throws up. Before, we were operating like some Mother Teresa charity...

Author: /time Magazine | Title: Working on the Railroad | 2/28/2008 | See Source »

...cheerfully says he is a pickpocket. For 10,000 rupiah, or about one dollar, the touts offer visitors motorbike tours of the site. One, a laconic, mostly toothless man named Purwanto, says he was a farmer before the mud smothered his rice fields. He now makes extra cash taking tourists to the wreckage of his house, located in the shadow of the levees. Purwanto's village flooded last year when the dikes broke, and, although it hasn't been fully inundated yet, most of the people have demolished their homes for scrap and moved on. At present, the village looks...

Author: /time Magazine | Title: A Wound in The Earth | 2/28/2008 | See Source »

...decline in cash receipts is primarily related to timing of payments of large pledges,” Inge T. Reichenbach, Yale’s vice president of development, wrote in an e-mail...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Second In Fundraising | 2/27/2008 | See Source »

...track two sets of numbers: Campaign commitments (counting both pledges and new gifts) and cash figures (counting only cash, but including cash received on pledges that predate the Campaign),” she wrote. “Our Campaign numbers continue to run a year ahead of schedule as I mentioned, and the cash number was a timing issue as indicated by a significant increase in our cash totals year-to-date compared to last year...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Second In Fundraising | 2/27/2008 | See Source »

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