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...talked Marsala walked me down a hall of famous photographs, many of them of his apparently legendary backyard parties, often showing guests as giant chess pieces. One shindig had a Venetian theme, complete with a gondola, which, in one photo, was being navigated in the pool by the largest shareholder of General Electric. 'He collects army tanks,' Marsala said, shaking his head and chuckling, as if the man collected scrimshaw or hermit crabs. 'He has about two hundred and fifty of them, right up the street...

Author: /time Magazine | Title: The Secrets of American Wealth | 1/4/2009 | See Source »

...government, legal reforms implemented, and borders made more secure. In addition to overseeing a rapid recovery from the 2001 recession due to tax cuts and shrewd economic policy, the administration has made consequential efforts to shore up America’s economy in this latest financial crisis. As the largest buyers of sub prime mortgages from 2004 to 2007, Fannie Mae and Freddie Mac helped fuel the housing bubble and exacerbate the burst. The Bush Administration tried no fewer than 18 times, publicly and on the record, to push Congress to agree to reform these Government Sponsored Entities. And while...

Author: By Caleb L. Weatherl, CRIMSON STAFF WRITER | Title: A Legacy to be Proud of | 1/4/2009 | See Source »

...that increased crime rates have helped business significantly. Caballero’s success speaks to a disturbing trend among the Mexican elite. Bulletproof clothing is emblematic of a greater divide between Mexican problems and Mexican money; as a BBC report revealed in October, the Mexican wealth gap is the largest in the Organization of Economic Cooperation and Development (OECD), with “some parts [comparable] to Spanish or German cities, but other parts…more like the poorest parts of Africa...

Author: By Sabrina G. Lee, CRIMSON STAFF WRITER | Title: Mexico's Newest Luxury Item | 1/4/2009 | See Source »

...send the ball back to the Crimson and set up senior forward Katie Rollins’ game-winning layup. After yet another Gaucho turnover, Rollins hit a free throw with three seconds remaining to seal the win. UCSB’s late-game seven-point lead was the largest either team had enjoyed all evening. The matchup featured 18 lead changes and six ties. In the tightly contested matchup, last-minute defense made the difference. While allowing the Gauchos to shoot 47 percent from the field on the night—a clip that Harvard can’t expect...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Resilient Crimson Topples UC Santa Barbara in Comeback Thriller | 1/4/2009 | See Source »

...largely volunteer group that has been inspiring local children of the Indian diaspora to take pride in their motherland's artistic traditions - will officially inaugurate a five-story tower block in the planning for well over two decades. Since its foundation in 1981, the TFA has been the largest cultural force among the derelict apartment blocks and small businesses of Brickfields, K.L.'s Indian district. Its new center is set to become the most tangible cultural achievement yet of the estimated 2 million Indians whose ancestors went to Malaysia mostly as indentured laborers...

Author: /time Magazine | Title: Divine Inspiration | 1/1/2009 | See Source »

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