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...Daewoo collapse was more threatening to Korea than, say, a GM bankruptcy would be to the U.S., simply because the Korean economy is so much smaller. Daewoo had about $50 billion in revenues. The entire South Korean gross domestic product in 1999 was only $450 billion. (GM, by comparison, had $181 billion in revenues in 2007, while U.S. GDP reached $13.8 trillion.) Daewoo seemed too big to fail...

Author: /time Magazine | Title: Why Detroit Is Not Too Big to Fail | 12/19/2008 | See Source »

...actuarial value of the assets in the pension fund was $766 million, giving Cambridge’s pension plan a funded ratio of 91.96 percent—just above the 90 percent ratio that many experts say is financially responsible. By comparison, Boston’s funded ratio in 2006 was only 64.40 percent, or well below the 80 percent that is generally considered “at-risk...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Cambridge Pensions Relatively Robust | 12/16/2008 | See Source »

...anticipation sank with the opening credits: "Mickey Rourke, Marisa Tomei, Evan Rachel Wood." That list spelled out the plot: damaged veteran, middle-age girlfriend, young daughter. The Wrestler never rose above fight-movie bromides, never dispelled my gloom. The character stereotyping makes Sylvester Stallone's Rocky Balboa, by comparison, seem as swathed in moral ambiguity as Luchino Visconti's Rocco and His Brothers. The movie's serioso sentimentality is doubly strange since the script is by Robert Siegel, an ex-staffer of The Onion and co-writer of The Onion Movie. His old job was puncturing clichés; here...

Author: /time Magazine | Title: The Wrestler: Mickey Rourke's Comeback Fight | 12/15/2008 | See Source »

...wrote on her company website: "The largest Ponzi scheme in the history of the capital markets is the relationship between failed mortgage lenders and investment banks that securitized the risky overpriced loans and sold these packages to other investors-a Ponzi scheme by every definition applied to Madoff." By comparison, she wrote, the fallen fund manager is just "a piker...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...Harvard athletes in science, although existent, are a relative rarity. When looking at declared juniors and seniors, the football team has only five athletes combined in the sciences concentrations, which number over a dozen. In comparison, there are t23 members of their ranks in economics alone...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: Harvard Showcases Einsteins of the Gridiron | 12/15/2008 | See Source »

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