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...coles. These polytechnic, administrative and business graduate schools not only hone the intellectual mettle of the students they accept but also help them create the networks they'll need to rise to the highest circles of power. The problem is that the seats at these schools tend to go to the children of the élite, ensuring that power stays in the upper class - even in the same families - from generation to generation. (Read "Education Abroad: Breaking the Bachot...

Author: /time Magazine | Title: France's Boardrooms: Little Diversity at the Top | 1/22/2010 | See Source »

...line of ETFs - ones that are actively managed. Firms ranging from Invesco to Pimco have launched about 12 of these funds over the past two years; others, such as T. Rowe Price Group and John Hancock Funds, are preparing to roll out similar funds, all in an effort to go head-on against actively managed mutual funds. "It's clearly a category that's attracting more interest among ETF providers and mutual-fund companies," says Standard & Poor's Tom Graves. "It combines the characteristics of a passive, index-based ETF with that of an actively managed mutual fund." (See pictures...

Author: /time Magazine | Title: Exchange-Traded Funds: The Hidden Risks | 1/22/2010 | See Source »

...price of a new copy of Principles of Economics for one that you won't be able to resell (or for the right to look at a digital version on your tiny laptop screen for a year). Maybe, if you don't mind using an older edition, you should go with the old-fashioned used book route: we found a copy of the fourth edition on AbeBooks for about...

Author: By SANGHYEON PARK, CRIMSON STAFF WRITER | Title: Rent a Mankiw (Book) for the Semester | 1/22/2010 | See Source »

...want to go back to your initial premise of us being close to Wall Street. We knew that this would be a consequence of us managing TARP. It was inevitable. One of the things that we have to do is just remind people that having inherited this financial disaster as well as the TARP structure, this thing was managed in as prudent a way as any financial-crisis management has ever been managed...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...Still, he had a long way to go. One of only five Republicans in the 40-seat state senate, Brown wasn't even the best-known person in his family. His wife Gail Huff is a popular television reporter. His daughter Ayla was a semifinalist on American Idol and a four-year starter on the Boston College women's basketball team. The couple's other daughter, Arianna, is a premed freshman at Syracuse University. As picture-perfect as the Brown family looks, the Senator-elect's upbringing was anything but. His parents each married four times, and his mother...

Author: /time Magazine | Title: Mass Mutiny: How Scott Brown Shook the Political World | 1/21/2010 | See Source »

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