Word: crisises
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Over the past decade, some 3,000 U.S. companies have been bought by private-equity firms. Their M.O.? Suck up companies with borrowed money, make them more efficient and then resell, turning a profit in the process. These days, nearly 1 in 10 nongovernmental employees works for a private equity...
Is there anything we could do now to prevent this wave from coming? Probably not much. One of the main points of the book is to show how private equity and leveraged buyouts don't work, and even if the credit crisis I'm predicting doesn't happen - even if...
See 25 people to blame for the financial crisis.
That will be the gut check, particularly for four wavering centrists who voted with Reid on Saturday: independent Joe Lieberman of Connecticut, and Democrats Ben Nelson of Nebraska, Blanche Lincoln of Arkansas and Mary Landrieu of Louisiana. All have said they have serious objections to the bill in its current...
Making India harder for would-be terrorists to penetrate would require reform not just of the bureaucracy but also the police. Local and international human-rights groups have exhaustively documented the crisis in Indian policing, criticizing the Indian police for everything from taking bribes to engaging in torture and extrajudicial...