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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-owned company, and that, says longtime industry reporter Josh Kosman, is a big problem. In his new book, The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis, Kosman argues that private-equity firms not only pillage the companies they buy, but also put the broader...

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

...know what, Liz Lemon? “30 Rock” may have three-peated its “Best Comedy” routine, but you can suck it. We get it­­—you’re a nerd, but people still love you. You’re “unattractive” but you’re actually still pretty. You have no social grace but you still manage to have friends. Pretty much your life is perfect. I don’t know about the rest of you, but Tina Fey playing...

Author: By Frances Jin, CRIMSON STAFF WRITER | Title: Nerd-amorphosis | 11/5/2009 | See Source »

...overfishing is not solely to blame. The nutrients from fertilizer runoff and sewage suck oxygen from the lower layers of the ocean, creating an environment in which fish struggle but jellyfish thrive. Since 2000, there's been such an increase in numbers of Australian jellyfish in the oxygen-depleted waters of the Gulf of Mexico that shrimpers have been forced to hang up their nets during the swarm season in the summer. In the nutrient-rich waters off the coast of Japan, where jellyfish can grow to the size of refrigerators, a nuclear power plant was forced to lower production...

Author: /time Magazine | Title: Jellyfish: A Gelatinous Invasion | 11/2/2009 | See Source »

...firing a compressed-air rifle at pesky journalists outside his home (he struck four and received a three-year suspended sentence a few years ago) or, as he did last week, hurling verbal abuse at them in a press conference after the meager victory against Uruguay. "You can suck it, keep on sucking it," a triumphant but spiteful Maradona spat out at journalists who had dared criticize his coaching skills...

Author: /time Magazine | Title: Argentina's Maradona: A Soccer God Turned Mortal | 10/23/2009 | See Source »

...party supplies she's holding in two plastic bags? "No," says Amaya, 20, who just purchased a fog machine, black lights and spider-web decorations from Spirit Halloween, a specialty retailer. Amaya, who is throwing a bash with a friend, adds, "Honestly, it's hurting my wallet." So why suck the blood out of your finances? "With jobs and school, everyone is so tense," says Amaya, who lives on Long Island. "It's our a chance to step out of our element and go crazy a little bit. I've been working...

Author: /time Magazine | Title: Halloween: One Holiday Not Scared by Recession | 10/22/2009 | See Source »

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