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...haven't we seen more evidence of this yet? I think the media hasn't put it together, but it actually is starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor's, had some type of private-equity involvement in their corporate life. A lot of those are PE-owned companies, ranging from Chrysler to the Tribune Company to Simmons Bedding. We've already seen the tip of the iceberg...
...course, the decade's bad news hasn't been confined to the financial pages. Was there actually more bad news than usual? The answer is an objective yes. For example, there were more mass shootings and school shootings, such as the murder of 32 students at Virginia Tech in 2007 and the recent slaughter at Fort Hood, than in any other decade. There were more large-scale terrorist bombings and attacks in countries like England, Spain, Pakistan, Indonesia, Russia, Jordan, the Philippines, Turkey, India and of course the U.S. The absolute number killed was not great, but the idea that...
...would be allowed to simultaneously hold any position in any religious body. But many in India feel that such measures are beside the point, because India's youthful electorate has already left communal politics behind. "These are things of a distant past," says Sharma. "Hindutva, the right-wing philosophy hasn't worked in over two elections and it's not going to work...
Since July, Tsui's medley of Michael Jackson hits has been viewed more than 2.4 million times - but he hasn't made any money yet from that music video or any of the others he and a classmate have produced. Like many viral sensations, he is suddenly trying to navigate a maze of advertising offers, promotional deals and legal issues in the hopes of making a (typically small) fortune from Internet fame. (Watch Sam Tsui explain his YouTube success...
...Russian position is technically correct: Iran hasn't formally responded, but for the Western powers, that's the whole point - the proposed deal was negotiated weeks ago with Iranian representatives in Vienna, and Iran's government was asked to endorse it within a couple of days. But the plan faced a firestorm of criticism from across the political spectrum in Tehran, prompting the government of President Mahmoud Ahmadinejad to backtrack. The aspect of the plan that most appeals to the West - removing from Iran most of a uranium stockpile that could hypothetically be turned into a weapon, and returning...