Word: greate
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Dates: during 2000-2009
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...resell, turning a profit in the process. These days, nearly 1 in 10 nongovernmental employees works for a private equity-owned company, and that, says longtime industry reporter Josh Kosman, is a big problem. In his new book, The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis, Kosman argues that private-equity firms not only pillage the companies they buy, but also put the broader economy at risk by making those companies take on copious amounts of debt. TIME's Barbara Kiviat spoke with Kosman about where he thinks the industry is headed...
...There is great mystery surrounding the madness that might occur this evening, but there is a rallying cry for all Harvard students to attend wearing black as a symbol of solidarity...
...This meet gave our team a lot of confidence,” Kaufmann said. “It produced some pretty great results. We [can now] look at each of our races and find things that need to focus on to get better...
...Gihan Perera, that's just one example of how federal and state governments are missing a great opportunity to use the stimulus to aid the poor and minority communities hardest hit by the Great Recession. Perera, director of the nonprofit Miami Workers Center (MWC), is among a number of antipoverty activists closely examining which communities and contractors are getting stimulus dollars, and so far he says the picture doesn't look bright for already marginalized "low-opportunity" zones and minority-owned firms. The lion's share of road and other construction work in Florida has gone to venues like airports...
...responsibility for cleaning up the dark corners of Indian life lies not only with the police. Citizens, too, have to demand a better system. Behera says that Indians use elections to throw out politicians perceived as corrupt, but so far, "there is no great social movement against corruption." That could change. India's 2005 Right to Information Act has emboldened some of its citizens to question once-omniscient bureaucrats, but the progress of reform is slow. A judgment on the Mumbai attacks may be handed down in a matter of months; India's verdict on itself will take much longer...