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Bear Stearns, the storied investment bank that stunned Wall Street when it collapsed last month, is rescinding approximately half of its 2008 summer internship and job offers in response to its recent takeover by J.P. Morgan Chase. The rescinded offers mostly come from positions that have overlap with J.P. Morgan’s operations, such as the investment banking division. “In those divisions,” such as commodity and prime brokerage, “where there’s little or no overlap with J.P. Morgan, the offers will likely be honored...

Author: By Gordon Y. Liao, CONTRIBUTING WRITER | Title: Bear Stearns Rescinds Offers | 4/7/2008 | See Source »

Despite the continued poverty and effectual segregation, Marshall L. Ganz ’64-’92, an alumnus who dropped out of Harvard to participate in the civil rights movement as part of the Mississippi Summer Project, said the state has come a long...

Author: By Teresa M. Cotsirilos, CONTRIBUTING WRITER | Title: Reliving a Historic Legacy | 4/7/2008 | See Source »

...surge was just beginning to take effect. A year later, lawmakers are expected to acknowledge progress on the security front, but will demand to know what's next. Eager to preserve the fragile gains, Petraeus is expected to urge a pause in U.S. troop withdrawals after this summer, when overall American troop strength in Iraq will fall from 160,000 to about 140,000. Petraeus has said he is leery of jeopardizing the gains of the past year if the withdrawals continue beyond that...

Author: /time Magazine | Title: What the Candidates Will Say | 4/7/2008 | See Source »

...handoff ceremony at Charléty Stadium on the edge of the city when the tormented relay was canceled at mid-course. As the torch moves on to San Francisco and Buenos Aires before heading back to Africa and Asia, the organizers of this summer's Beijing Games are facing a grim prospect: that the protests denouncing China's human rights record in Tibet and elsewhere could mount as the torch continues its 85,000-mile, 20-nation voyage...

Author: /time Magazine | Title: The Olympic Torch's Tortured Trip | 4/7/2008 | See Source »

...Dassin made another seven movies, including Survival 1967, a documentary on the Arab-Israeli war. He did a flaccid adaptation off a Marguerite Duras novel, 10:30 P.M. Summer, and returned to the U.S. for Up Tight! (written by its costar, Ruby Dee). His last film was the preposterous Circle of Two, with Tatum O'Neal, then 16, and a dissipated Richard Burton, then 54, as lovers so mismatched they could be in the Guinness Book. It was 1980, and Dassin had outlived his craft. More sadly, he outlived his son, Joe Dassin, a top-of-the-pops Euro-singer...

Author: /time Magazine | Title: Master of the Heist | 4/6/2008 | See Source »

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