Word: nextly
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...then resell, turning a profit in the process. These days, nearly 1 in 10 nongovernmental employees works for a private equity-owned company, and that, says longtime industry reporter Josh Kosman, is a big problem. In his new book, The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis, Kosman argues that private-equity firms not only pillage the companies they buy, but also put the broader economy at risk by making those companies take on copious amounts of debt. TIME's Barbara Kiviat spoke with Kosman about where he thinks the industry is headed...
...think the private-equity industry will be the next one to line up for bailout money? Yes. It's already happened with GMAC. You know, private-equity firms are very well connected. Four of the last eight Treasury secretaries currently work for private-equity firms...
...both teams, the top five finishers at Regionals, whose times count for the team’s total, will all return next year, which bodes well for Harvard cross country. With these three leading the way, the Crimson should have tremendous experience at the helm as it tries to send full teams to the 2010 NCAA Nationals...
...next year, Dudnik launched Seeding Labs, an organization dedicated to recycling unneeded scientific equipment to provide scientists in the developing world with basic tools for research...
...miniaturized version of Eurovision, the massively popular, continent-wide singing competition that has launched the careers of performers like Celine Dion, Julio Iglesias and ABBA. Every year, some 14,000 children aged 10 to 15 compete for a chance to represent their country in the final - and become the next Beyoncé. But while there is real singing talent on display, the competition is also a reminder - doused in glitter - of the everyday struggles of growing up. "The kids have to write their own lyrics, so it offers a really good window into childhood," says filmmaker Jamie Jay Johnson...