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...would be a catastrophe for the entertainment business," said Representative Bill Pascrell, a New Jersey Democrat who demanded congressional hearings into the matter. "Given Ticketmaster's recent mishandling of Bruce Springsteen's tour and other shows, it is clear that this company's questionable business practices warrant sharper scrutiny." Earlier this week, the Congressman introduced a bill, named the Boss Act, that calls for ticketing companies to disclose how many tickets are being withheld in primary public ticket sales and a 48-hour waiting period before tickets can be sold in the secondary market, among other things...
CORRECTION An earlier online version of this article gave an incorrect title for Photeine M. Anagnostopoulos ’81. In fact, Anagnostopoulos is the chief operating officer of New York City's public schools, not their superintendent...
...attacks are increasing all over the country. Last week a bomb-and-shoot ambush left three soldiers dead near the main U.S. base in Bagram, about an hour's drive north of Kabul, the third such strike in the area in less than a week. Two days earlier, a pair of bombings in eastern Paktika province killed 10 Afghan security guards traveling in a convoy, underscoring the dangers faced by Afghan forces who too often remain underequipped and overexposed. (Watch a video on the challenge for the U.S. military in Afghanistan...
...firm is one of a number of banks that have had to spend the past month pulling off some fancy financial gymnastics to meet their capital requirements. The stress test found that Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million of the money it just raised to preferred shareholders in order...
...Ziyang, a student sympathizer, had fled to Guangzhou and was preparing to mobilize southern divisions of the People's Liberation Army in an uprising against the north. At rallies, the song "We Love Freedom" gave way to the more sobering "Blood-Stained Aura." This had been composed two years earlier as propaganda, commemorating the Chinese soldiers who fought in the 1979 Sino-Vietnamese conflict. Now the crowds sang the words in bitter reference to fallen students: "If I bid farewell and never return/ Will you comprehend? Will you understand...