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...media hasn't put it together, but it actually is starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor's, had some type of private-equity involvement in their corporate life. A lot of those are PE-owned companies, ranging from Chrysler to the Tribune Company to Simmons Bedding. We've already seen the tip of the iceberg...

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

...Finnish schoolboy who murdered eight people at his high school in November 2007, wrote on his blog that "stupid, weak-minded people are reproducing ... faster than the intelligent, strong-minded" ones. Auvinen thought through the philosophical implications of Darwin's work and came to the conclusion that human life is like every other type of animal life: it has no extraordinary value. The Columbine killers made similar arguments. One of the shooters, Eric Harris, wore a "Natural Selection" shirt on the day of the massacre. These are examples of how easily Darwin's writings can lead to very disturbed ways...

Author: /time Magazine | Title: The Dark Side of Darwin's Legacy | 11/24/2009 | See Source »

...somehow exceptional in the natural world? Wasn't his great breakthrough to show that humans, like all animals, share a common origin? I think we have to decide what status we are going to give to the human race. Most of the world's religions hold that human life is sacred and special in some way. In teaching our common descent with animals, we also have to examine what is special about human beings, and why they deserve to be treated differently and granted certain rights...

Author: /time Magazine | Title: The Dark Side of Darwin's Legacy | 11/24/2009 | See Source »

...India, corruption is taken as an unfortunate fact of life even for otherwise law-abiding citizens. For example, ration cards are a lifeline for India's poor, giving them access to subsidized rice, lentils and kerosene. But to get them, you need a birth certificate or proof of residence -something many Indians lack. So, they often pay clerks to issue ration cards without a supporting document. A tea-shop worker in Mumbai told me he bought one for Rs. 5,000 ($111). Meanwhile, the ration card is a step toward a passport. In theory, passports are difficult to get; police...

Author: /time Magazine | Title: India Still a Soft Terror Target a Year After Mumbai | 11/23/2009 | See Source »

...responsibility for cleaning up the dark corners of Indian life lies not only with the police. Citizens, too, have to demand a better system. Behera says that Indians use elections to throw out politicians perceived as corrupt, but so far, "there is no great social movement against corruption." That could change. India's 2005 Right to Information Act has emboldened some of its citizens to question once-omniscient bureaucrats, but the progress of reform is slow. A judgment on the Mumbai attacks may be handed down in a matter of months; India's verdict on itself will take much longer...

Author: /time Magazine | Title: India Still a Soft Terror Target a Year After Mumbai | 11/23/2009 | See Source »

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