Teresa Sullivan

Economist Tyler Cowen's blog, Marginal Revolution, offers an online course in Development Economics.

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Many public universities are suffering these days, wracked by budget cuts and struggling to bring enough students through the door. The University of Virginia isn’t one of them. A $5 billion endowment makes it the wealthiest public university, per capita, in the United States. Over 28,000 students applied for admission last year, a record high. The stately campus, a classic of red brick and white colonnade, is a UNESCO World Heritage site.

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A few months ago, I wrote a cover story about the big hedge fund managers who, after feeling a special bond with Barack Obama in 2007 and 2008, are now contributing heavily to Mitt Romney and the Republicans. A classic example of this type is Paul Tudor Jones, a highly successful Greenwich fund manager who was an early Obama backer last time around but has already given more than $200,000 to Romney's SuperPAC, Restore Our Future. Well, it looks like Mr.

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