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More broadly, what sorts of companies should we be worried about? Unfortunately, private-equity firms infiltrated almost every industry - industrials, consumer goods, retail, hospitals, utilities - so a leveraged-buyout bust will be very widespread. TXU, which is now called Energy Future Holdings, one of the largest utilities in Texas, faces huge problems. They probably won't default on their debt until 2013, but at this point, and this is according to ratings agencies, it looks like they have very little chance of paying their debt. The range is from a huge utility like that to HCA, the largest hospital chain...
...It’s almost like Congress deciding Gore vs. Bush,” he said...
...community and its members have increasingly come under scrutiny and judgment in the wake of September 11th. Images of turban-clad terrorists and cries of martyrdom have become almost synonymous with our identities—even here at Harvard. We constantly seek to dispel these stereotypes, precisely because of the damage they incur on personal and political levels. Yet instances like these remind us that there is work to be done. We call on the administration to be more sensitive to the needs and experiences of Arab-American student organizations on campus, recognizing the uniquely precarious position in which...
...Anderson emphasized that the sciences have transitioned almost entirely to electronic resources, which has meant more space for laboratories and lower costs surrounding the physical copies...
...average working stiff, it was a pretty lousy 10 years. The median household income in 2000 was $52,500. Last year (the most recent year available) it was $50,303. And given that the unemployment rate has climbed to 10.2%, income will almost certainly drop again this year. Low-income Americans fared even worse. In 2000, 11.3% of Americans were living below the poverty line. By 2008, that number had risen to 13.2%. Meanwhile, the percentage of Americans without health insurance increased from...