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...When Marxism was transformed in the 20th century from a social theory to a set of guidelines for the conduct of state action, it became an evil, responsible for the deaths of millions and an intolerance that reduced the intellectual life of much of the world to a frozen stubble. With the pages of that narrative fresh in the memory, it is easy to read history backwards, and conclude that Marxism came into being with a livid birthmark that would disfigure it for ever. (Read: "Marxism: The Persistent Vision...

Author: /time Magazine | Title: Friedrich Engels: Capitalism's Communist | 9/21/2009 | See Source »

Consider when Zuckerberg rails at Eduardo L. Saverin '05, Facebook's original CFO, who in this scene has just frozen the company's bank account (and at the moment is mildly preoccupied with a matter of life-and-death...

Author: By Michelle L. Quach | Title: Facebook: The Movie | 9/20/2009 | See Source »

...crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high-end consumers in their Gucci pocketbooks. "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said Monica Aggarwal, a director in Fitch Ratings Retail Group...

Author: /time Magazine | Title: Luxury Retailers Rush To Adapt: Chic Goes Cheap | 9/17/2009 | See Source »

...said. “If he decided to remain a Herrell’s and pay his royalty and move forward with our company, we would love to have him.”For now, the Square’s assortment of ice cream and frozen yogurt shops is down to five. While Petryk said he did not expect the closing of Herrell’s to give business a big boost, he said he was exploring the possibility of collaborating with Stanett to supply First Printer with ice cream.“His personality is as large...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Herrell’s Ice Cream To Stop Serving | 9/17/2009 | See Source »

...money-market funds after one big money-market fund revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business because their accounts with Lehman's U.K. subsidiary were frozen. Similar dislocations played out around the world. Before long, financial institutions were paralyzed by fear. They simply didn't trust each other anymore, and didn't want to lend to each other. The financial system proved too fragile to handle the stress. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

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