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...Based on Robert Kaplow's young adult novel of the same name, the story blends fictional characters with real ones. Efron plays a fictional one: 17-year-old Richard Samuels, a high school student who worships Noel Coward and who acts as our main conduit into Welles' world. Welles plucks Richard off the street and gives him a small but crucial part in his version of Julius Caesar, which truly was performed, to great success - in modern dress with a fascist theme - at New York's Mercury Theater that fall...
There is no easy solution to the massive problem the UC system and the State of California faces, but some options are more desirable than others. If the Board of Regents must hike tuition, the main part of this financial burden should be placed on out-of-state students, whose parents are not taxpaying California citizens and who still have the benefit of access to cheap public education in their own states. It may seem unfair for out-of-state students to be penalized for the mistakes of California, but the UC system should primarily serve residents of California, many...
...there anything we could do now to prevent this wave from coming? Probably not much. One of the main points of the book is to show how private equity and leveraged buyouts don't work, and even if the credit crisis I'm predicting doesn't happen - even if the economy recovers and some of the companies can refinance and push their debt off - the core practice is still destructive. Many of these companies will fall apart anyway. In the 1980s, when Michael Milken was funding buyouts, 52% of the biggest 25 companies acquired ended up going bankrupt...
With stimulus spending doing little to combat an unemployment rate at 10.2% and rising, U.S. leaders are starting to take further action. President Barack Obama is holding a jobs summit Dec. 3, followed by a White House to Main Street Tour to "share ideas for continued recovery." Congressional Democrats, meanwhile, hope to tackle a new jobs bill by the end of the year. (See the top 10 recession surprises...
...great things happened this decade, from the stunning rise of China to Apple's dazzling array of new products to the feats of sprinter Usain Bolt to our nation rallying (at least temporarily) around its first African-American President. But all that seems more like counterpoint rather than the main act. (See pictures of Barack Obama's nation of hope...