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...says, "Life is too short for us to have done this, with this small a part of our portfolio, if we didn't actually think we were doing the right thing. Whether or not we executed as perfectly as we could - I'm sure that we made mistakes - our true intention here was to make money by doing good...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

Nowhere was that more true than in the ill-conceived investment to turn the twinned 11,000-unit middle-class housing complex known as Stuyvesant Town and Peter Cooper Village, built originally to accommodate World War II veterans, into luxury housing, for which limits on yearly rent increases are chucked in favor or whatever the market will bear. The prospectus offered by the lead investors, Tishman Speyer and Larry Fink's asset-management fund BlackRock, imagined evicting 50% of rent-regulated tenants in just a few years. But tenants fought back and won in a court decision that also undercut...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

...what can you really understand about the general population by studying a single family in the Netherlands? "When you have an isolated population, your findings may not be true of the population at large," acknowledges Dr. Ellen Schur, an internist at the University of Washington, who has also studied the link between migraines and depression. But her study of 1,064 pairs of female twins, published in the journal Headache in 2009, supports the idea of a common genetic link. Schur found that among her twin sets, migraine was inherited 44% of the time and depression 58%. When one sibling...

Author: /time Magazine | Title: A Genetic Link Between Migraines and Depression? | 1/20/2010 | See Source »

National-security experts like UCLA's Amy Zegart say that since 9/11, intelligence agencies have increased the amount of information they circulate to one another, but that can cause confusion as well as clarity. "There's a lot of paper shuffling, not true integration," Zegart says. And yet, some critical pieces of info apparently were not shared: the State Department neglected to alert the NCTC that Abdulmutallab had a valid U.S. visa...

Author: /time Magazine | Title: Spotlight: The Intelligence Breakdown | 1/18/2010 | See Source »

...armed Maoist insurgency has filled the vacuum, presenting themselves as the true voice of the dispossessed. They have infiltrated villages in pockets throughout the state, and have all but taken control of the village of Lalgarh, less than 125 miles (200 km) away from the state capital of Kolkata. Police and paramilitary forces have struggled for months to subdue the armed guerrillas, already suspected of killing five Communist Party members in 2010 alone. But opposition politician Mamta Banerjee has called the anti-Maoist offensive "a total failure." As mourners greet Basu's funeral procession today in Kolkata, and analysts debate...

Author: /time Magazine | Title: Icon's Death: What Now for India's Communists? | 1/18/2010 | See Source »

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