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...Premier League also tops the table when it comes to debt: 18 of its 20 teams owed a total of $5.2 billion in 2008 according to UEFA, the sport's governing body in Europe - more than all the clubs in the continent's other top divisions combined. (Debt-ridden Portsmouth, one of two Premier League teams not included in UEFA's sums, in February became the top flight's first franchise to fall into bankruptcy.) The leveraged buyouts by American investors of top clubs Manchester United and Liverpool, meanwhile, were "acting principally as a burden" on those clubs, UEFA added...

Author: /time Magazine | Title: How Soccer Could Sway Britain's Election | 4/16/2010 | See Source »

...Just as Britain's voters look set to unseat Labour in part as punishment for the debt-ridden state of the economy, soccer supporters' patience for massive borrowing by football clubs - and the owners behind it - has expired. Asked in a March YouGov poll whether they felt their club would be in better hands if it was owned cooperatively, 56% of fans expressing an opinion believed it would...

Author: /time Magazine | Title: How Soccer Could Sway Britain's Election | 4/16/2010 | See Source »

...position and those merely hedging their bets through precautionary recruiting. In the language of George Akerlof, the Nobel Prize-winning economist who described the used-car market as having buyers and sellers with different amounts of information about the transaction to be made, the recruiting market is ridden with “adverse selection.” In the Harvard case, it is not hidden car qualities, but rather uncertain applicant motivations that force employers to bear all the risk of hiring a “lemon.” As a result, it is both the students and employers...

Author: By Ashin D. Shah | Title: A Second Shot at Summer | 4/8/2010 | See Source »

...ridden a camel in Timbuktu. I feel like life is complete now,” says Elizabeth M. Letvin...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: Z-Listed Students Experience Year Off | 3/30/2010 | See Source »

...Even when they're holding the feeblest of hands, they have to ensure that their opponents never know how close they are to folding. But in the epic poker match between German Chancellor Angela Merkel and Greek Prime Minister George Papandreou over a potential European Union bailout of debt-ridden Greece, who is the real deal and who is bluffing...

Author: /time Magazine | Title: Bailout Showdown: Greece and Germany Raise the Stakes | 3/24/2010 | See Source »

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