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...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...

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

Johnson echoes a similar sentiment, noting that college temptations prevent some students from living in accordance with Christian doctrine in the present, instead relying on the promise of future clemency...

Author: By Naveen N. Srivatsa, CRIMSON STAFF WRITER | Title: Christian Groups Organize Around Race | 11/24/2009 | See Source »

...forcing the dominant groups to compete religiously in order to prevent conversion, missionaries played an important role in altering class structure and fostering economic development over time...

Author: By Rachel T. Lipson, CONTRIBUTING WRITER | Title: Academics Deny Friction Over Research Contrast | 11/24/2009 | See Source »

...operations. "For some, this was an existential threat. If Blair was allowed to control covert ops, then how long before the whole of the CIA was absorbed into the DNI?" says a former operations official who retired from the agency last year. "Everyone was looking to Panetta to prevent that from happening." (See who's who on the CIA payroll...

Author: /time Magazine | Title: CIA Chief Panetta Winning Over Doubters at the Agency | 11/24/2009 | See Source »

...opposition candidate who claims to have won the disputed election, criticized the proposal negotiated by Ahmadinejad's team at Vienna, warning that if implemented, it would negate the work of thousands of Iranian scientists. Opposition figures and analysts say his response was merely an attempt to play spoiler and prevent the regime from benefiting politically from a deal with the West. Still, nuclear diplomacy with the West has effectively become a political football in Tehran, complicating President Obama's quest for a diplomatic solution to the nuclear standoff...

Author: /time Magazine | Title: Iran's Green Movement Reaches Out to U.S. | 11/23/2009 | See Source »

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