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...India's outsourcing giant WiPro (WIP) recently posted mediocre financial results, especially based on Wall St expectations. Its stock traded for $14 a little over a year ago. Recently it was as low as $5. Wall St. expects that the situation at the firm is going to get worse. The other large outsourcing operation in India, Infosys (INFY), is also doing poorly...

Author: /time Magazine | Title: IBM and the Rebirth of Outsourcing | 3/26/2009 | See Source »

...country's top eight liberal-arts colleges and many others down the food chain. Skidmore's projected $51,196-a-year price tag makes it one of the nation's 10 most expensive schools, but its $223 million endowment--down 23% from its high about a year ago--is too small to bankroll financial aid for all who need it. Founded in 1903 as a women's college, Skidmore was long known for teaching art to well-heeled young ladies, but in its modern permutation as a coeducational college, it is a relative newcomer to national prominence and the donations...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

...Maria Borli Sivertsen was a complete unknown until a few years ago when she won a couple of Norwegian talent competitions, making her huge in Oslo. What's given Maria a surprising amount of buzz elsewhere, besides shortening her name to the punchier Ida Maria (pronounced Ee-dah Muh-ree-uh), is a reputation for staggeringly drunk live performances and rumors, often whispered for effect, that she has one of those voices. I can't speak to her stage persona--she cites Iggy Pop as an influence, though eyewitnesses report Dudley Moore--but Maria's voice will stop...

Author: /time Magazine | Title: Banshees | 3/26/2009 | See Source »

Tester, a sweet, back-slappy guy with an $11 flattop, was 100th in seniority when he was elected two years ago. He landed the worst office in the U.S. Senate, which isn't bad--it being an office in the U.S. Senate. There are high ceilings, marble everywhere and a view of a courtyard. But half of his space is on the second floor of the Russell Senate Office Building, and the other half is divided between two unconnected offices on the third floor, so his 19-member staff is always running up and down. Also, there...

Author: /time Magazine | Title: Moving On Up: The Senate Shifts Offices | 3/26/2009 | See Source »

Three years ago, a trip north in a rickety boat ran about $900 a head, says Juan Munoz-Torres, spokesman for the CBP agency. Now the spike in demand has jacked up the price to $4,000 or $5,000. For smugglers, the economic incentive is obvious. "[They] can make in a night what they can't make honestly in a year," says Myron Ackerman, a fisherman with a quarter-century on San Diego waters. (See pictures of the border fence between the U.S. and Mexico...

Author: /time Magazine | Title: Watching for Immigrants Off California's Coast | 3/26/2009 | See Source »

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