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...school now has assets worth more than $6 billion, but the prize of its collection is the huge bloc of stock in the Hershey company...

Author: /time Magazine | Title: In Hershey's Possible Cadbury Bid, a School's Fate | 12/15/2009 | See Source »

...Citi's deal to pay back the government was reportedly hashed out over a week's worth of marathon negotiations following Bank of America's repayment last week of $45 billion in government assistance. Citi did not want to be one of the few remaining big banks still using the government's crutch.(See the worst business deals...

Author: /time Magazine | Title: Citi's TARP Repayment: The Downside for a Troubled Bank | 12/15/2009 | See Source »

Everything Is Worth Less...

Author: /time Magazine | Title: The World | 12/14/2009 | See Source »

...Scroogenomics: Why You Shouldn't Buy Presents for the Holidays, insists his theory is solid economics, not bah, humbug. "As an institution for 'allocating resources' (getting stuff to the right people), holiday giving is a complete loser." If you spend $50 on yourself, he explains, you'll get something worth $50 to you. But if your Aunt Bernice buys you a $50 Christmas gift, she's likely to buy something that's worth nothing to you. In economic terms, that's a "deadweight loss." But if you fail to buy Aunt Bernice a Christmas gift in return, that...

Author: /time Magazine | Title: Business Books | 12/14/2009 | See Source »

...full ship is important to the atmosphere, and to employees' pockets, as tips are an important income boost. If you board, you might buy drinks, spa treatments, snorkeling excursions or even airbrush tattoos. And gamble. So the 103% occupancy rates RCL has maintained through the recession have been worth the deep discounting. "It's been a frustrating time," admits Goldstein, "but in this downturn it's critical to satisfy our customers and hope they'll come back and pay a higher price...

Author: /time Magazine | Title: Will the World's Largest Cruise Ship Sink or Swim? | 12/14/2009 | See Source »

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