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More important, at least when it comes to the bailed-out businesses, the notion that there's a correlation between excessive pay and excessive risk-taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms or some parts of stricken outfits like AIG, Citi and the former Merrill Lynch, now part of Bank of America. But hedgies and PEs aren't covered by pay czar Ken Feinberg's ukases...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...this does not preclude conservative investment, but the willingness to take risks is a critical characteristic of successful money management. Such risk can, of course, generate significant return, as evidenced by the success of Harvard’s managers before the credit crunch. A bad episode (in this case historically bad) will naturally give pause but should not force Harvard to abandon more risky investments in the future if such investments are the smart choice. The entire Harvard community and even all of Greater Boston feel the loss when financial woes strike Harvard. This shared burden, however, cannot justify...

Author: By The Crimson Staff | Title: No Return on Investment | 10/29/2009 | See Source »

...still, every fall before The Game, the Harvard College Fund Undergraduate Committee holds its "Beat Yale" shirt design contest just in case the point hasn't quite been made. The eight finalist nominees have been chosen and circulated via email, and FlyBy has chosen a few of its favorites to highlight...

Author: By H. Zane B. Wruble | Title: We Don't Need a T-Shirt to Tell Us Yale Sucks... | 10/28/2009 | See Source »

...Moscow in 1990 - a move credited with helping thaw Cold War tensions. Columnist and author Thomas Friedman has asserted that nations with McDonald's locations do not go to war with each other - the so-called Golden Arches Theory of Conflict Prevention - although that thesis notably collapsed in the case of the 2008 war between Russia and Georgia. There are other signs that overseas resentment of the burger giant has softened. A McDonald's is slated to open in November in a shopping area beneath one of France's most treasured cultural meccas - the Louvre - but the news has hardly...

Author: /time Magazine | Title: McDonald's Abroad | 10/28/2009 | See Source »

...receiving extensive coverage in the country. German political leaders are also nervously watching the proceedings. "Politicians regarded the murder of Marwa el-Sherbini as a foreign policy issue, but it was really an internal matter," Ali Kizilkaya, head of the Islamic Council of Germany, tells TIME. "The case shows that a small part of German society is Islamophobic, and that shouldn't be underestimated. Politicians have to learn that Muslims must be recognized as an equal part of German society." He added, though, that he has faith in the German justice system and is confident that there will...

Author: /time Magazine | Title: The 'Headscarf Martyr': Trial of the Century for Muslims | 10/28/2009 | See Source »

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