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...pictures of TIME's Wall Street covers...
Third, assuming that the past will be prologue, these cuts won’t be applied equally. This raises the question of who will have the loudest voice in advising top administration officials on where to slash. If our recent history is a guide, ex–Wall Street cowboys will have the ear of top administrators, while Harvard’s many stakeholders—the students, faculty, and other staff—will pay the price...
...moved his operation to Gainesville, Ga., an hour north of Atlanta, and he's been there ever since. His accurate forecasts of a stock-market boom in the 1980s and a crash in the autumn of 1987 made him, for a time, one of the most influential Wall Street gurus. After the market started its 1990s bull run, though, Prechter seemed to lose his touch. In 1995 his book At the Crest of the Tidal Wave predicted the onset of a "great bear market." The bear arrived, but not for five years. In 2002's Conquer the Crash he predicted...
Defending Afghan President Hamid Karzai in the Wall Street Journal...
...market for its exports and imperil its dollar-denominated investments. China pegged its currency to the dollar years ago in order to hitch its wagon to the world's most dynamic economy but today worries that a declining dollar will impede China's growth. Many in Washington and on Wall Street believe that China's currency policy gives it unfair advantages in trade and that its reliance on state spending rather than domestic consumption is a core cause of the global economic crisis. (See pictures of the global financial crisis...