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...Cutting back is never simple. It takes arts organizations years to build quality programming, garner prestige and assemble and cultivate talent. Firing a violinist or two can be a staggering loss to the team. "You're looking at tough sacrifices," says Jack Fishman of layoffs, a spokesperson for the San Antonio Symphony. Its operating budget suffered a five-year setback, from a $6.6 million budget to $5.1 million. The solution? The symphony's 72 musicians agreed to swallow...

Author: /time Magazine | Title: Arts Groups in Tough Times Think Locally | 7/24/2009 | See Source »

...persistent, subtle effects of implicit racial biases highlight the limits of the meritocracy. Gates’s arrest is a troubling reminder that overcoming the flaws of our society and minds requires more than talent and effort. Sometimes, try as we may, we can?...

Author: By Daniel E. Herz-roiphe | Title: The Professor, the Policeman, and the President | 7/24/2009 | See Source »

...still outperformed Citi in many parts of its business. Investment-banking revenues at Citi, for instance, fell 13% in the second quarter from a year ago; JPMorgan's investment-banking revenues rose 29% in the same time, according to Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives to rivals. The most notable departure thus far is Ajay Banga, who headed the bank's Asia Pacific operations. He left Citigroup last month for MasterCard...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...every House to show up to an event in the fall) in a hard-fought weekend at the IM fields. This tournament also successfully integrated SSP and college students, with the younger contingent enthusiastically representing the majority while the older (and largely international) participants brought a measure of significant talent to the pitch...

Author: By Max N. Brondfield | Title: Quest for Personal Fame Sparks Summer IMs | 7/23/2009 | See Source »

...course. that’s all theoretical, but it holds up in practice. Countless managers (Joe Torre and Terry Francona are two) only began to enjoy a winning reputation after escaping their jobs managing perennial losers—and taking the reins for teams with true talent. It also cannot be a coincidence that good teams are never considered to have sub-par managers...

Author: By Nathaniel S. Rakich | Title: Managing Expectations | 7/21/2009 | See Source »

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