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...leading catbirds, Blackstone's Stephen Schwarzman and Apollo's Leon Black, happen to be old pals of Silverman's. In the 1980s, Silverman too was an LBO artist, working alongside corporate raider Saul Steinberg and funding his exploits with Michael Milken's Drexel junk bonds. Then, as a partner at Blackstone in the early 1990s, he sniffed a change in the financial winds, cobbled together a few struggling hotel chains (starting with Ramada and Howard Johnson) into Hospitality Franchise Systems (HFS), took the company public and stayed...

Author: /time Magazine | Title: Taking Henry Silverman Private | 4/19/2007 | See Source »

...other students." Eventually, other kids began skipping class because of his behavior. The poet then wrote creative writing department boss Lucinda Roy a letter - in part to create a record - asking Roy to remove him from class. Giovanni said Cho turned in material that wasn't poetry but just junk. "He was writing weird things," she recalled. "It was terrible.... It was just intimidating...

Author: /time Magazine | Title: The Question Mark in Harper Hall | 4/18/2007 | See Source »

...Holy Sepulcher winds down the Via Dolorosa, the route to Jesus' crucifixion. Nowadays, the route is packed with pushy vendors selling Holy Water, T-shirts championing the Israeli army, sandals and gaudy junk from India. Some reports claim that the site of the church was chosen after the Dowager Queen Helena had ordered the torture of a few rabbis to reveal the location of Christ's crucifixion, and that they may have deliberately given false information...

Author: /time Magazine | Title: Holy Smoke, Holy Fire | 4/9/2007 | See Source »

Studying happiness is hard. What one man loves another loathes. One woman's joy is another's junk. Social scientists, therefore, have generally left the contemplation of smiles and satisfaction to poets and philosophers. But that's changing. Mihaly Csikszentmihalyi, a leading expert on well-being, is establishing what he calls the world's first Ph.D program focusing on positive psychology and the analysis of happiness, at Claremont Graduate University in Claremont, Calif. "Even though the things that make people happy seem ephemeral and immaterial, they are the most important things in life, and they have not been studied very...

Author: /time Magazine | Title: Getting Serious About Happiness | 4/3/2007 | See Source »

...After all, the athletic (read: black) guys need to push the ball up the court and run one-on-one plays to showcase their skills. You can't hold them back by running that 1960s hayseed Princeton junk. Plus, only the smart, 1500-SAT (read: white) kids can learn those sets. The slower (read: very white) players need to milk the clock, move without the ball and throw those tricky backdoor passes to compete. So goes the code...

Author: /time Magazine | Title: Race and the Georgetown Offense | 3/28/2007 | See Source »

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