A Lonely Voice Defending Private Equity

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Over the last few weeks, the private equity industry has taken a verbal beating. Rivals of Republican frontrunner Mitt Romney have attacked his tenure leading Bain Capital, one of the industry’s most successful firms, portraying him as a ruthless, Gordon Gekko-style predator who left a trail of bankrupt companies and lost jobs in his wake. So far, few members of the notoriously secretive private equity community have come to Romney’s defense — but on Tuesday, one did.

Italy Cruise Disaster: A Disaster for the Entire Cruise Industry

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After seeing images of the Costa Concordia, which ran aground near an Italian island last week, killing at least five people, it’s understandable that a sizeable portion of the public is deciding that maybe cruising isn’t for them after all.

Class Warfare: Study Shows Tensions at 20-Year High

Illustration by Alexander Ho for TIME

Tensions in the U.S. between rich and poor are at a 20-year high, according to a new study from Pew Research. This conflict now tops the discord between blacks and whites, young and old, and immigrants and the native-born.

Dollar Stores: The One-Stop Shop for Home Decorating?

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Forget about Ethan Allen, or even IKEA. The hottest way to outfit nearly every room in your home is by scouring for treasures at dollar stores.

Why the Smart Money was So Dumb in 2011

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If your 401(k) was down in 2011, don't hang your head. You have plenty of company. Many of Wall Street's most successful investors were losers in 2011 as well.

King of the Road: The 2012 Cars With the Most Bang for the Buck

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Two major news organizations known for their rankings and ratings—Consumer Reports and U.S. News—have just released their latest lists of the automobiles offering the most value for the money. Which cars represent the wisest, most worthwhile use of your cash?

Meet the Puppet Who Made $11,000 Last Year from Silly Online Videos

Meet Professor Hans Van Puppet—who supposedly pulled in $11,000 via Fiverr.com last year, and there's reason to believe he'll earn a lot more in 2012.

ICANN’s New Top-Level Web Domains Could Spell Dot-Trouble For Businesses

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Do you have $185,000 lying around? If so you can apply to purchase one of the web's new addresses via the Internet Corporation for Assigned Names and Numbers (ICANN), which runs the web's domain-name system.

Former Obama Official Defends Romney’s Bain Capital Record

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Steve Rattner spent three decades on Wall Street and co-founded the Quadrangle Group, a well-known private equity firm, so it’s not surprising that he might want to defend the honor of the industry that made him rich — especially now that it’s under attack from both the left and right. What’s curious is that Rattner, a former Obama official and longtime Democrat, appears willing to publicly undercut the primary line of attack his party will use on Romney in the general election.

The Number of ‘Improving’ Housing Markets Nearly Doubles

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Is the real estate market better yet? Seeking a way to aggregate local data, the National Association of Home Builders and First American Title Insurance constructed an “Improving Markets Index” in an effort to track metro area markets as they came off their housing lows. The good news is that the index leapt last month, with 40 cities being added to the 41 already on the list — while just five fell off.

Now Is the Time to Learn to Ski or Snowboard on the Cheap

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It’s hard to claim that downhill skiing is remotely inexpensive. Colorado’s Steamboat Ski Area is noteworthy this year because its top price for a one-day lift ticket is “just” $99. In other words, it hasn’t crossed the $100 threshold like other Colorado ski resorts such as Vail, Telluride, Breckenridge, and Aspen have. For the month of January, though, learning to ski or snowboard is remarkably cheap—and in some cases, totally free.