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This trip from private equity to public conglomerate and back wasn't pointless. According to company calculations, if you count every spinoff and asset sale--plus a $2.8 billion shareholder lawsuit payout in the wake of the CUC mess--a dollar invested in HFS when it went public in 1992 would be worth more than $14 now--a 22% annual return, or more than double the performance of the S&P 500. Which means Silverman is probably worth listening to on one of the great questions of our day: Is it better for a company to be traded...
...screeches you just heard-No! No! Klein, you Bush appeaser!-are coming from the left wing of the Democratic Party, which, despite its incredible erudition, is unable to count to 67, the number of votes needed for a veto-proof majority in the Senate. Right now the Senate Democrats are stuck at 51 in favor of their version of the $100 billion supplemental appropriation to pay for the war through Sept. 30. It's a version that posits March 2008 as a goal-not a deadline, just a goal-for troop withdrawal. The irony here is that Bush could sign...
...that I’m at Harvard, where students face enormous pressure in an unpredictable environment, it’s comforting to know that in the frigid months of winter there will always be football on the weekend and in the impossibly fast-paced spring semester I can always count on finding a baseball game to lose myself in for a few hours.On a broader scale, sports are a unifying force that can provide common ground for people from completely disparate backgrounds. An NFL team making the Super Bowl can often do more to bring together that team?...
...that are wildly disproportionate from the offense. The example most familiar to Harvard students is a Massachusetts law that adds at least two years to a drug sentence if the violation occurred within a 1,000-foot radius of a school property. Ten of Harvard’s houses count as within such an area, as does most of the City of Boston. Other examples are even starker. Genarlow Wilson, for instance, is serving 10 years for what all parties agree was consensual oral sex because under Georgia law oral sex with a minor counts as child molestation. Jose...
...game. And while it’s a struggle to scrounge up an abundance of hip-hop heads in Harvard’s history (no, Natalie Portman doing her take on “Lazy Sunday” on Saturday Night Live doesn’t count), Amaker has a unique opportunity to spark a little bit of role reversal...