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Over the past decade, some 3,000 U.S. companies have been bought by private-equity firms. Their M.O.? Suck up companies with borrowed money, make them more efficient and then resell, turning a profit in the process. These days, nearly 1 in 10 nongovernmental employees works for a private equity...
You 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...
Around 8 a.m. several hundred demonstrators had gathered around Guangzhou's city hall, some carrying signs that read, "Oppose the trash incinerator; Support a green Panyu." About 100 police officers converged to face off with the protesters, says Wen Yunchao, a blogger who was at the scene. "The protest has...
Now in its seventh year, the Junior Eurovision Song Contest is a miniaturized version of Eurovision, the massively popular, continent-wide singing competition that has launched the careers of performers like Celine Dion, Julio Iglesias and ABBA. Every year, some 14,000 children aged 10 to 15 compete for a...
The responsibility for cleaning up the dark corners of Indian life lies not only with the police. Citizens, too, have to demand a better system. Behera says that Indians use elections to throw out politicians perceived as corrupt, but so far, "there is no great social movement against corruption." That...