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...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 economy at risk by making those companies take on copious amounts of debt. TIME's Barbara Kiviat spoke with Kosman about where he thinks the industry is headed...
With stimulus spending doing little to combat an unemployment rate at 10.2% and rising, U.S. leaders are starting to take further action. President Barack Obama is holding a jobs summit Dec. 3, followed by a White House to Main Street Tour to "share ideas for continued recovery." Congressional Democrats, meanwhile, hope to tackle a new jobs bill by the end of the year. (See the top 10 recession surprises...
...want athletics to serve as a source of pride for our community, while fielding teams that we feel can compete every time they take the field, ice, track, pool, or court,” Roby wrote...
...thinks that the experience of wandering the stacks of Widener “is such a profound stimulus to the imagination.” But Harvard University Library Director Robert C. Darnton ’60, emphasized that “people should not misunderstand the report and take it as a draft for the library of the future...
...definitely had our chances, but didn’t take care of the ball and didn’t convert at the foul line,” sophomore guard Oliver McNally wrote in a text message...