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...totally removed from the era that produced it. When it opened, in 1957, Broadway musicals were almost all comedies, set in sentimental fantasylands, whether exotic (The King and I), nostalgic (The Music Man) or contemporary but cartoonish (Guys and Dolls). Here, instead, was an effort to use the musical form to explore serious contemporary social issues: urban slums, race prejudice, the scourge (ah, the '50s!) of "juvenile delinquency." It was also a groundbreaking marriage of pop entertainment and "high culture": choreography that featured classical ballet moves, a score with elements of modernist art music, and a story whose tragic...

Author: /time Magazine | Title: Is West Side Story Overrated? | 3/25/2009 | See Source »

...example, many Mortgage Backed Securities ("MBS"), a species of ABS, became toxic following the collapse of the housing market. Like all ABS, MBS derive their value from underlying loans, in this case, mortgages. A large group of mortgages provides the payment stream to the holders of ABS in the form of individual interest and principal payments made by a borrower to the bank...

Author: /time Magazine | Title: Why the People Who Broke the Financial System Will Profit | 3/25/2009 | See Source »

...since nearly half of Harvard’s $3.5 billion annual operating budget comes in the form of compensation costs, Longbrake said, “it is increasingly likely that Harvard, like many of our peer institutions and foundations across the country, will have to consider further changes to the size of its workforce in order to adjust to the new fiscal reality...

Author: By Sarah J. Howland and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: City Council Calls on Harvard To Keep Low-Wage Workers | 3/25/2009 | See Source »

Harris' nighttime tour begins at the Victoria and Alfred Waterfront, adjacent to the harbor where such diverse musical influences as Brazilian samba and American jazz once mingled with the traditional drum rhythms of the indigenous Xhoisan people to eventually form Cape Jazz...

Author: /time Magazine | Title: Cape Town's Jazz Crusaders | 3/25/2009 | See Source »

...answer, says Antonio Remiro, professor of international law at Madrid's Autonomous University has to do with what's going on in Kosovo now. "NATO is starting to help form the embryo of an independent Kosovan army," he says. "They're reinforcing civil institutions too. It's become more and more contradictory for Spain to be a part of that since they don't recognize Kosovo's independence...

Author: /time Magazine | Title: Spain's Withdrawal from Kosovo Angers Allies | 3/24/2009 | See Source »

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