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...trust. (Sahashi's representative has filed a petition rebutting these allegations.) On Oct. 30, the lawyers invited reporters to check out Sahashi's lavish office at the company's Osaka headquarters, complete with a fully stocked wet bar and a hidden bedroom and sauna. "I wanted to show the extent of his misdeeds," said attorney Toshiaki Higashibata, who organized the event...

Author: /time Magazine | Title: Class Struggle | 11/8/2007 | See Source »

...will continue to see mergers and acquisitions. Now, to a large extent, they've been derailed by virtue of the fact that you've had such an active public-to-private market--and I've just said that I think the public-to-private market is going to take a hiatus. But that will lead to more M&A transactions among public companies going forward...

Author: /time Magazine | Title: The Human Barometer | 11/8/2007 | See Source »

...April 1980, oil prices went stratospheric, peaking at about $100 a barrel, adjusted for inflation. Some of the causes might sound familiar. Constantly rising demand. Political crises in Iran and Iraq. Uncertainty about the extent of future reserves. And, of course, the edgy enthusiasm of commodities buyers, whose fears drive up the price...

Author: /time Magazine | Title: Oil's Silver Lining | 11/8/2007 | See Source »

...officers at different universities last April. The four had owned—and made enormous profits from—shares of Education Lending Group, a preferred student lender for their respective employers. The new Education Department regulations will ameliorate this anticompetitive state of affairs, but only to an extent. Among other things, regulations will prevent these educational oligopolies by imposing a minimum of three “preferred lenders” for universities. This is a step in the right direction. Enforcing a baseline level of competition will drive down loan interest rates that were artificially inflated by guaranteed business...

Author: By The Crimson Staff | Title: In Loco Parentis | 11/7/2007 | See Source »

...Mondale endorsement, I asked her about political balance. Most members of her party would agree that George W. Bush had taken the nation wildly off-kilter to the right, but when had the government been imbalanced to the left? "One would argue that welfare reform was to a great extent a reaction to going off too far in one direction," she said carefully, acknowledging the success of her husband's 1996 initiative - although, according to some historical accounts, she had reservations about it at the time. But she quickly moved back to the Bush presidency. "You don't usually talk...

Author: /time Magazine | Title: What Hillary Believes | 11/7/2007 | See Source »

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