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...answer is that GM Mexico doesn't need a bailout because it's comfortably in the black. "If you have a profitable division at a time when the rest of your business is having a hard time, do you talk about it?" says analyst Pascual Francisco at IHS Global Insight in Lexington, Mass., referring to GM's decision to remain mum about the third wheel of its North American production base...

Author: /time Magazine | Title: Canada Spends Big to Save GM, So Why Not Mexico? | 7/3/2009 | See Source »

Sweet, a former cryptographic researcher, has brought sharp insight to Harvard's finances for not only top Faculty deans but also the departments and centers that must translate the deluge of figures into real-life budget cuts, Smith said. After Smith delivered a mandate to departments to cut their budgets by 15 percent in December, Sweet became the go-to man who could bring reality to the numbers...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Finance Dean To Depart After Less Than A Year | 7/3/2009 | See Source »

21st Century First Lady A spot-on insight into Michelle Obama, with one exception: you forgot to mention our First Lady's sorely needed attention to the families of our armed services [June 1]. Our returning soldiers, especially the wounded, need to know we care about them, and she is reminding us of that. David Jensen, Stamford, Conn...

Author: /time Magazine | Title: Inbox | 6/22/2009 | See Source »

...issue isn't whether financial markets are useful--they are--or whether the prices of stocks or bonds or collateralized debt obligations convey information--they do. There's also much to be said for the insight at the heart of efficient-market theory: markets are hard to outsmart. But when we give up second-guessing the market, we suspend our judgment. And without participants' exercising judgment--applying research, heeding a broker's opinion--markets stand no chance of ever getting prices right...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

According to Maloney, the election controversy provided considerable new insight into the cleric believed to hold absolute power, Ayatullah Ali Khamenei. Everyone expected voting irregularities, she said, but not "this degree of blatant, in-your-face fraud." That Khamenei almost instantly certified the victory of his candidate, incumbent President Mahmoud Ahmadinejad, dashed a central assumption about his regime: that its survival and social stability are intertwined with the legitimacy of Iran's democratic institutions. "He was willing to jettison the democratic institutions and effectively cede whatever remaining legitimacy there was in a popular vote in favor of maintaining total control...

Author: /time Magazine | Title: U.S. Still Struggling to Understand Iran | 6/17/2009 | See Source »

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