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...biggest sticking point in any bid to avoid bankruptcy is the complexity of GM's debts. Chrysler's 40-odd creditors could fit into a large conference room. GM's creditors, however, could fill up most of the seats in the University of Michigan's football stadium. The bondholders include an estimated 127 major financial institutions, including banks, hedge funds and mutual funds, as well as 100,000 or so small holders that represent a cross section of American savers...

Author: /time Magazine | Title: GM: The Deep, Dark Shadows of Bankruptcy | 5/16/2009 | See Source »

...yesterday, Cabot residents got a departure announcement from Resident Dean Mya Mangawang that rather broke the mold. And evidently the odd-sounding missive may have had a back story, with one student saying Mangawang exhibited “a mild unspoken distaste” for Cabot students. We're not sure we can do it justice with a summary, so check out the full text, after the jump...

Author: By Clifford M. Marks | Title: Confused in Cabot | 5/8/2009 | See Source »

...That the Prince of Wales is looking to borrow a little Obama magic may seem odd. By convention, Britain's royals steer clear of politics. But the Queen's eldest son has long stretched definitions with his passionate advocacy for environmental causes. He has recently helped garner international support around the idea of a rain-forest bond, a method of interim funding designed to ensure that trees are worth more alive than dead until carbon-trading schemes really take off. He has privately lobbied leaders from Brazilian President Luiz Inácio Lula da Silva and Italian Prime Minister Silvio...

Author: /time Magazine | Title: Prince Charles Goes Viral to Save the Rain Forests | 5/5/2009 | See Source »

...With such a proliferation of princes, the frog - present in every frame - remains unkissed, though it does get to nestle on Harrison Ford's shoulder, inspire Robin Williams to mimicry and share the screen with Pelé, the Dalai Lama and that most celebrated of amphibians, Kermit. It's odd but charming, a phrase that might also describe the British monarchy for all but convinced republicans. And if the Prince succeeds in his mission to rescue the rain forest, he could even win round a few of them...

Author: /time Magazine | Title: Prince Charles Goes Viral to Save the Rain Forests | 5/5/2009 | See Source »

...About to be thrust into a daunting bear market, members of Harvard’s graduating class have doubtless pondered the ultimate meaning of their hard-earned diplomas. For 17-odd years in the classroom, success has been relatively easy to define: Good work is, in theory, awarded with good grades; the higher the grade, the more consummately the student has achieved her task. Quantified through its positioning in an alphabetical hierarchy, academic success is seemingly straightforward. Yet, once we depart from the academic bubble, the only quantitative measure available to translate the abstract concept of success into an intelligible...

Author: By Courtney A. Fiske | Title: Measuring the Value of a Harvard Degree | 5/1/2009 | See Source »

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