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...haven't we seen more evidence of this yet? I think the media hasn't put it together, but it actually is starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor's, had some type of private-equity involvement in their corporate life. A lot of those are PE-owned companies, ranging from Chrysler to the Tribune Company to Simmons Bedding. We've already seen the tip of the iceberg...
...said she was inspired to write her memoir—which was published last month—after she came across her great-grandfather’s cane, which she had seen in family photographs her whole life...
...turf battles with Blair have resulted in Panetta's being seen in a more positive light, and focused some criticism on Blair instead. "Denny's a good guy, but he should really focus on being the President's principal intelligence adviser, not on the operational stuff," says an Administration official. "Leon, of all people, certainly doesn't need to be micromanaged - and neither do the CIA folks in the field...
Starting Over If we are now watching the sun set on a Decade from Hell, does it naturally follow that the next decade will be all good and glory? Of course not. And yet there are some hopeful signs. We have seen the destructiveness of deferral and neglect on infrastructure, national and global politics, financial markets and corporate governance, and I think it's safe to say that the awareness of that danger is much higher now. Maybe that's why, for the first time, a national health care bill actually has a chance to become law. (Read "Understanding...
...lobbying targets of pro-life groups. And the person they expect to be wrangler in chief of this nervous group? Casey. "He's our No. 1 target to influence others," says Joy Yearout, spokeswoman for the Susan B. Anthony List, a national pro-life fundraising group that has seen activity increase 50% in the past two years (the group is already running $130,000 worth of commercials against Reid). "Casey ran as a pro-life Democrat, and it's time he deliver for his constituents. His father had such a legacy on the issue and you'd think...