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Liquidators insist they're not the bad guys, and can get quite defensive about their profession. "Someone who is inexperienced will say 'the liquidators are taking over the company, and therefore we are going out of business," says Harvey Yellen, chairman of the Great American Group. "You're going out of business because the company ran into bleak times, or was run wrong. We get hired to fix the problem. We're not the cause." Liquidators need to motivate a sales force that's about to lose their jobs. That's no easy task. "It's a depressed atmosphere," says...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...Monday, Indian newspapers reported that the board may appoint investment banks to explore the possibility of finding a buyer for Satyam. Since then, board member Tarun Das has said the company was approached by a potential buyer. Board members insist the company has solid cash flow and can continue. Yet with fresh revelations about Raju's alleged malfeasance surfacing every day - the latest, that he deleted all his e-mails from his final month as CEO - there are fears that the company's liabilities may be so high that it may be forced to fold...

Author: /time Magazine | Title: India Tries to Save Jobs After Satyam Scandal | 1/20/2009 | See Source »

...which Israeli forces retain their current positions but advance no farther, be followed by negotiations of a full withdrawal and reopening of the crossings. Egypt will most likely agree to enhanced mechanisms for policing the smugglers' tunnels, but those tunnels were also Gaza's economic lifeline, and Egypt will insist they can be closed only if the legitimate crossings into Gaza are reopened to allow the flow of normal humanitarian and commercial traffic. That, of course, is what Hamas has been demanding, which will make Israel - and Egypt - uncomfortable. Neither wants to see the radical movement emerge from this confrontation...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

Conservatives harrumph at all this adulation. Before declaring his greatness, we insist that we should wait for him to accomplish something for the country. (Spike Lee didn't even wait for the election. Last summer he said we were soon going to measure time by "BB, before Barack, and AB, after Barack.") In some of his supporters, we see the spectacle of secular-minded folk looking for a messiah. But we risk looking like spoilsports or sore losers, and we can sympathize with the excitement over the first nonwhite President, even if we would have preferred that someone else...

Author: /time Magazine | Title: Town Overboard: A Conservative Gripe About Obamamania | 1/15/2009 | See Source »

...insist and insist again, by Vague Generalities. We abhor V.G.’s, we skim right past them, we start wondering what kind of C to give from the first V.G. we encounter; and as they pile up we decide C- (Harvard being Harvard, we do not give D’s. Consider C- a failure.) Why? Not because they are a sign the student does not know the material, or hasn’t thought creatively, or any of that folly. They simply make tedious reading. “Locke is a transitional figure...

Author: By A Grader | Title: A Grader’s Reply | 1/11/2009 | See Source »

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