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...companies can refinance and push their debt off - the core practice is still destructive. Many of these companies will fall apart anyway. In the 1980s, when Michael Milken was funding buyouts, 52% of the biggest 25 companies acquired ended up going bankrupt. I did a study of the 1990s, ideal economic times, and with 6 of the 10 biggest buyouts, the companies clearly were worse off 10 years later. In three cases the results were mixed, and in one case the private-equity firm improved the business. This decade, 6 of the 10 biggest buyouts are already considered distressed, according...

Author: /time Magazine | Title: Will Private Equity Be the Next Meltdown? | 11/24/2009 | See Source »

...pictures are blockbusters. Since The Perfect Storm in 2000, only his Ocean's (Eleven, Twelve, Thirteen) capers have topped $100 million at the domestic box office. But at 48, Clooney--handsome and affable, with a wit that can deftly cut as it charms--is surely the modern idea and ideal of stardom. Whereas other celebrities seem tortured by the public attention their work earns them, he positively bathes in it. Remember what Mel Brooks as Louis XVI proclaimed in History of the World, Part I? "It's good to be the King." Clooney must think...

Author: /time Magazine | Title: Clooneypalooza: A Star Is Airborne | 11/23/2009 | See Source »

...hooks up in Twilight. Meyer put sex back underground, transmuted it back into yearning, where it became, paradoxically, exponentially more powerful. "For me, the appeal of the vampire is safe sexuality," says Melissa Rosenberg, who has written the screenplays for all the Twilight movies. "It's the ultimate romantic ideal. You have the allure of the danger. And yet there's only...

Author: /time Magazine | Title: It's Twilight in America: The Vampire Saga | 11/23/2009 | See Source »

...enduring names in 20th century art and design, including Josef and Anni Albers, Wassily Kandinsky and Paul Klee. They were all in their different ways ardent modernists, but in its first years the school was caught in a contradiction: a romance with individual craftsmanship at odds with the modernist ideal of mass production. Even the name Bauhaus (House for Building) carried echoes of Bauhütten, the shared lodgings of the medieval craftsmen who built the great cathedrals. As for the painters connected to the Bauhaus, whatever systems and principles Klee and Kandinsky believed their art was expressing, no one looking...

Author: /time Magazine | Title: Haus Beautiful: the Impact of Bauhaus | 11/23/2009 | See Source »

...think it was perhaps not the most ideal time to start it just because of Harvard-Yale," he said. "I have no question it will pick...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: An Email List for Free Nom Noms | 11/22/2009 | See Source »

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