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...predict that private equity will go through a shakeout similar to what we've seen in the housing market. How does that analogy work? Private-equity firms used the same cheap credit that caused the housing bubble to buy companies. There are about 100 of these firms - KKR, Blackstone and Carlyle are some of the bigger ones - and they buy a company the same way we would buy a house. Put down about 20% and borrow about 80%. The big difference is, the company they're buying borrows the 80%, so they're the ones responsible for repayment. These loans...

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

...something different and it's not considered cool, if you love doing it, you will thrive in it and eventually you'll be happy because you continued to do it. I was the youngest of four, and by the time I came around, my dad had seen it all. So he was just like, "Go, just do it. Whatever it is." He was really supportive, and I was lucky in that. That's the same kind of approach I have with my kids. If they love doing it, I don't care if it's not considered the cool thing...

Author: /time Magazine | Title: 10 Questions for Tony Hawk | 11/23/2009 | See Source »

...last six years, we’ve seen a one-hundred percent increase in the number of people bicycling,” said Clippinger. “We’re seeing increased MBTA ridership at T-stations that serve Cambridge...

Author: By Anna M. Yeung, CONTRIBUTING WRITER | Title: Senate Considers Parking Bill | 11/23/2009 | See Source »

...have never seen this many people this drunk, this early in the morning,” Steven W. Talbot ’13 said...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Tailgate Rages Forth At Yale | 11/23/2009 | See Source »

...with the protesters, says Wen Yunchao, a blogger who was at the scene. "The protest has been organized and peaceful," he said. When asked by officials to select five representatives to negotiate their demands, the crowd began to chant, "We don't want to be represented," said Wen. People seen as protest leaders are often targeted for future punishment...

Author: /time Magazine | Title: China Environmental Protests Gather Force | 11/23/2009 | See Source »

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