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...February, reporter Rick Santelli launched into an on-air rant against helping "losers" with their mortgages, a viral-video hit that made Santelli the poor man's Rush Limbaugh - or is that the rich man's? Kudlow Report host Larry Kudlow opined that President Obama "is waging war against capital." Stock picker and professional gasket blower Jim Cramer trained his bulging eyes on Washington, accusing Obama of "the greatest wealth destruction I've ever seen by a President...

Author: /time Magazine | Title: CNBC Under Fire: Sticking Up for the Big Guy? | 3/12/2009 | See Source »

Through the split-strike conversion strategy, I promised to clients and prospective clients that client funds would be invested in a basket of common stocks within the Standard & Poor's 100 Index, a collection of the 100 largest publicly traded companies in terms of their market capitalization. I promised that I would select a basket of stocks that would closely mimic the price movements of the Standard & Poor's 100 Index. I promised that I would opportunistically time these purchases and would be out of the market intermittently, investing client funds during these periods in United States Government-issued securities...

Author: /time Magazine | Title: Bernard Madoff's Full Statement to U.S. District Court | 3/12/2009 | See Source »

...economy can no longer support the massive shopping centers that used to define them. Krista Mahr in Hong Kong reports on how the crunch is fueling a new kind of international trade: countries with money but little arable land are renting huge tracts from countries rich in soil but poor in cash. Alex Perry zeroes in on the unexpected star of the global economy: Africa...

Author: /time Magazine | Title: Navigating the New World | 3/12/2009 | See Source »

...quality of public education in the United States, on average, is lackluster. Though math and science scores are up nationwide, study after study still finds that students in U.S. schools underperform compared to students in many other developed countries. Teachers’ poor classroom performance is thought to be a major cause of this education gap, and President Obama has wisely identified teachers’ pay scale as a main determinant of teacher quality. Currently, teachers’ compensation is largely based on their seniority. After teachers gain tenure at a school, their salary steadily increases over time, and they...

Author: By The Crimson Staff | Title: Back to the Chalkboard | 3/11/2009 | See Source »

While the poor state of the economy may be drying up job opportunities all over the nation, there is one potential career path that is less subject to the perils of the job market: entrepreneurship. Starting one’s own venture is becoming a more and more popular career choice among Harvard students, a trend that is likely aided by the fact that entrepreneurs are in complete control of their own employment. But while post-college entrepreneurs are able to concentrate on their ventures as their primary occupation, Harvard students face a completely different experience because of the role...

Author: By H. Zane B. Wruble, CRIMSON STAFF WRITER | Title: Being Your Own Boss | 3/11/2009 | See Source »

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