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Even when crisis came, in 2008, it wasn't a crisis of government finances, as some pessimists had feared, but one of mortgages and Wall Street. As Washington battled the troubles, the deficit grew to an estimated $1.6 trillion in the fiscal year that ends this month. That's by far the biggest shortfall ever, in dollar terms. The government will have spent $3.7 trillion and taken in $2.1 trillion. Even by the more forgiving yardstick of percentage of gross domestic product, the shortfall is, at 11.2%, the biggest since World War II. It will be smaller next year...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

Investigators found a female body yesterday evening inside a wall in the basement of the research facility where missing Yale graduate student Annie Le, 24, was last seen Tuesday morning. Officials could not confirm last night whether the remains belonged to Le, according to an e-mail Yale President Richard C. Levin sent to the community yesterday evening. An autopsy will be performed by the Connecticut Office of the Chief Medical Examiner, but police are assuming the body is Le’s, according to the Yale Daily News. The case has now been labeled a homicide investigation. Just yesterday...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Body Found in Yale Wall Amid Search for Student | 9/14/2009 | See Source »

...that point we were closing in on the Sheraton Commander, where the attendant behind the counter took in our attire and waved us to the left without asking why we were there. We entered a stately reception area—serviced by five chandeliers; framed cushions along the walls. Inside, the 90 chairs arrayed in front of the projector were filled. Thirty or so more stood along the wall. Roughly three-quarters of those in attendance were men. Blackstone was looking to hire 40 new analysts, Senior Managing Director John Studzinski told the crowd...

Author: By Christian B. Flow and Joshua J. Kearney | Title: CRIMSON CAREERS: The Blackstone Group — 'Nowhere To Hide' | 9/14/2009 | See Source »

...this time we had been in the room for over a half hour, leaning against the wall. The powerpoint, while detailed, was nearly incomprehensible, and things were showng no signs of speeding up. Even our Expert was having trouble staying focused."Nobody ever does presentations like this," he told us, looking at the mass of text on the projector screen. "It's because they actually do stuff, but good God this is horrible...

Author: By Christian B. Flow and Joshua J. Kearney | Title: CRIMSON CAREERS: The Blackstone Group — 'Nowhere To Hide' | 9/14/2009 | See Source »

...that Blackstone was primarily invested in hotels and office properties. Furnishing a prominent example of a hotel conversion gone very right (read: very profitably), this somewhat bored director set forth what would be the take home message of the entire presentation before returning to checking his BlackBerry against the wall: "There's nowhere to hide in our group. You're thrown into the deep end from day one, and it's expected that you'll enjoy that type of environment." That's one way to emphasize the small size and close working environment of your staff, we suppose...

Author: By Christian B. Flow and Joshua J. Kearney | Title: CRIMSON CAREERS: The Blackstone Group — 'Nowhere To Hide' | 9/14/2009 | See Source »

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