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...turmoil has already stalled the planned sale of the Chicago Cubs, and owner Sam Zell, CEO of the Tribune Company, should expect a less appealing bid. "This downturn makes deals harder to get done," says Sal Galatioto, president of Galatioto Sports Partners, a consulting firm. "It's more difficult to get debt to purchase a team, and that debt is more expensive...

Author: /time Magazine | Title: Can Sports Avoid This Recession? | 10/23/2008 | See Source »

...number of dollars you could borrow for every dollar of wealth you had. It meant borrowing other people's money to invest in something you wanted to invest in, or to buy something you wanted to buy. On Wall Street, debt funded investments in pretty much everything a financial firm could bet on, including the toxic mortgage-backed securities that led the way into this crisis. On Main Street, it meant borrowing to buy a house or a condo - maybe two - then perhaps borrowing again off the increasing value of that property to pay for something else: a flat-screen...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...economy is now starting to. After six years in which growth averaged almost 7% annually, most forecasters expect the economy to expand by less than 4% this year and next. Foreign direct investment poured into Turkey this decade as companies ranging from French insurer Axa to U.S. private-equity firm Kohlberg Kravis Roberts snapped up Turkish assets. But that flood has now been reduced to a trickle. The burgeoning middle class is starting to curb its free-spending ways, and the nation's two major export industries - automobiles and textiles - are watching nervously as international sales drop...

Author: /time Magazine | Title: Turkey's Wild Ride | 10/22/2008 | See Source »

...focusing on the committee as a whole, Waite arbitrarily attacks members of the committee. Professor Matory is one of the most well-respected professors at Harvard, both among faculty and students, and has shown a firm commitment to open dialogue on all sides of issues, a philosophy which he brought to the committee with his insistence that the readings left space to address multiple aspects of privilege from a variety of viewpoints. Professor Counter shares this same commitment and has worked tirelessly for over a quarter of a century to make Harvard a more diverse and understanding community...

Author: By Nworah B. Ayogu and Lumumba Seegars | Title: Waite Mischaractarizes Committee Members | 10/22/2008 | See Source »

Perhaps predictably, Ventura clashed noisily and often with fellow council members. But he looks back on his four-year tenure in office as a success. He recalls persuading an 85-employee local firm not to relocate elsewhere: "It wasn't like I promised them anything, I just told them how much they meant to our city." He also claims credit for upgrading his police officers' weaponry and the subsequent decline in gang activity on the streets. "We made it undesirable for them to be there. It's called firearm superiority...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

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