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Deep Mathur, a spokesman for the MCD, says the agency has interviewed everyone who was present in school that day, including the students. During the inquiry, the principal and the other teachers backed the accused teacher's claim that she did not force Shanno to stand in the sun. If...

Author: /time Magazine | Title: Why India's Teachers Do Not Spare the Rod | 5/2/2009 | See Source »

The Furbees have company. Sales in the once recession-proof vacation-time-share sector have plummeted, and inventory has surged to new highs over the past six months. "It is a buying opportunity," says Mark Lunt, principal of real estate and hospitality transaction advisory services at Ernst & Young. "People are...

Author: /time Magazine | Title: Sharing the Pain | 4/30/2009 | See Source »

The notions of honor and character to most Harvard students sound old-fashioned, if not completely absurd. Yet, at one point, such concerns formed the center of a truly moral education. Aristotle in the Nicomachean Ethics listed “greatness of soul,” or ?...

Author: By Christopher B. Lacaria | Title: That Nameless Virtue | 4/29/2009 | See Source »

Now when a participating servicer changes the terms of a first mortgage, it will also have to reduce the interest rate on the second lien - to either 1% or 2%. The government will pay for half of the loss incurred by the loan owners, from the $50 billion bucket of...

Author: /time Magazine | Title: Feds Offer More Help for Troubled Homeowners | 4/28/2009 | See Source »

The odds of a GM deal with bondholders may be more bleak. As part of its offer to bondholders, presented Monday, GM is offering to exchange 225 common shares for each $1,000 of principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent...

Author: /time Magazine | Title: Chrysler and General Motors Make New Bids to Survive | 4/27/2009 | See Source »

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