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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 »

...that "stupid, weak-minded people are reproducing ... faster than the intelligent, strong-minded" ones. Auvinen thought through the philosophical implications of Darwin's work and came to the conclusion that human life is like every other type of animal life: it has no extraordinary value. The Columbine killers made similar arguments. One of the shooters, Eric Harris, wore a "Natural Selection" shirt on the day of the massacre. These are examples of how easily Darwin's writings can lead to very disturbed ways of thinking...

Author: /time Magazine | Title: The Dark Side of Darwin's Legacy | 11/24/2009 | See Source »

...have an easier time making friends with people who are Asian, partly because of where I grew up but also because it’s easier for me to share similar values with other Asians,” she says. “And I think for example in any community and any organization, if you’re Asian, it might be a little bit more difficult to be as good friends with all of these Caucasians, Europeans, whatever, enough that you’re so well-tuned with that community that it’s just as easy...

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

...hope to enjoy a similar resurgence, as Harvard will return its top five on this side as well. Neely crossed the line first for the Crimson on Saturday, finishing in 26:32.0 for 48th. Sophomores Ben Entowitz and Michael Hoffman followed in 53rd and 62nd, respectively, while rookies Jakob Lindaas and Sean Poherence completed the effort on the 8k course...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Hampered By Illness, Injury | 11/23/2009 | See Source »

...Monday's protest represents a different thread of environmental demonstration, in which well-organized, middle class residents gather to oppose a threat to their common interests, says Shanghai-based environmental attorney Charles McElwee. It follows similar efforts by citizens to block a chemical plant in the coastal city of Xiamen in 2007 and a demonstration against a proposed petrochemical facility near Chengdu in 2008. "They are generally directed more toward proposed projects that they think may have an impact to health or property values," he says. "These are classic 'not in my backyard' protests that you see happen in developed...

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

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