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...Bentonville, Ark., by the Wal-Mart heiress Alice Walton, the court refused that too, for the same reason. Fisk is appealing that decision, but it still faces the opposition not only of the court but of Tennessee attorney general Dennis Cooper, who entered the case to oppose a sale on the grounds that it would deprive the people of Tennessee of an important cultural asset...

Author: /time Magazine | Title: Brandeis' Attempt to Turn Art into Assets | 2/5/2009 | See Source »

...certain logic in getting out of the museum business first. The school may be hoping that if the Rose is transformed into something other than a museum - or just into something that doesn't call itself a museum -?it can circumvent the code of ethics that governs the sale of art by museums. No museum means no rules to observe, especially the most inconvenient one - that museums should not sell art from their permanent collections for any purpose other than to raise funds to purchase more art. By the guidelines of the several associations that represent American museums, emergency sell...

Author: /time Magazine | Title: Brandeis' Attempt to Turn Art into Assets | 2/5/2009 | See Source »

...This would substantially expand the cost of the bailout, if people are willing to take advantage of it. The average American who still bothers to read a newspaper is acutely aware that most signs point to a housing market which is still spiraling down, no matter what pending home sales numbers say. All of the "For Sale" signs in most neighborhoods and auctions of foreclosed properties are a sure indication that housing supply is still extremely bloated...

Author: /time Magazine | Title: Why the Housing Market Has Yet to Hit Rock Bottom | 2/5/2009 | See Source »

...With the high court's blessing, SEBI may now be able to look into possible insider-trading violations revolving around the sale of 3,600,000 shares of Satyam stock in the months before the fraud came to light, as well as embezzlement and a host of other possible transgressions. According to reports in Indian newspapers, investigators for the Andhra Pradesh Crime Investigation Division have discovered Satyam funds were diverted into Maytas Properties and Maytas Infrastructure, property companies owned by the Raju family. Two senior partners of Satyam's auditors, Price Waterhouse, S. Gopalakrishnan and Srinivas Taluri, have also been...

Author: /time Magazine | Title: India Market Officials Probe Satyam Fraud | 2/5/2009 | See Source »

...Worst of all, political appointments present a tempting opportunity for quid pro quo backroom deals, as demonstrated by Governor Rod Blagojevich’s attempted sale of Illinois’s open Senate seat. Though most governors would never engage in such brazen corruption, it takes just one light-fingered public official to tarnish the democratic process. Furthermore, even honest governors expect some sort of goodie in return for choosing a candidate, be it political support or fundraising help. As Governor Blagojevich crudely put it, “a Senate seat is a [expletive] valuable thing, you don?...

Author: By Anthony P. Dedousis | Title: Amendment, Not Appointment | 2/3/2009 | See Source »

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