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The court has long walked a fine line on the issue, rolling back some affirmative-action initiatives and supporting others. In 1978 it agreed that race-based quotas in university admissions amounted to "reverse discrimination." And concurring in 1995's Adarand Constructors Inc. v. Peņa, which called for "strict...

Author: /time Magazine | Title: A Brief History Of: Affirmative Action | 7/13/2009 | See Source »

2. By how much will the new federal "Cash for Clunkers" program help stimulate sales? Carmakers are hoping the program will add about 250,000 units to the industry's sales total in the next few months. However, the program, which offers rebates of $3,500 to $4,500 for...

Author: /time Magazine | Title: How Bad Are Auto Sales? 10 Questions and Answers | 7/6/2009 | See Source »

That's the view of Goldman Sachs delivered by an article in the current issue of Rolling Stone. The rock mag's The Great American Bubble Machine by Matt Taibbi says that the investment bank is responsible for creating, and in many cases popping, every great bubble of nearly the...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

Goldman responds that this type of language is common on Wall Street. And that is the problem, and the problem with Rolling Stone's article as well. Goldman has done plenty wrong, but not much alone. Goldman may have assisted in the dotcom and housing bubbles, but it is wrong...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

"The [Rolling Stone] article makes a very compelling case against Goldman Sachs, but I think the problems it identifies are pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

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