Business - BusinessWeek

About a year ago, observers of the UK commercial property market would not have been shocked to see the Four Horsemen of the Apocalypse riding around the corner.

I am not your typical MBA student. I chuckle thinking about the havoc I will wreak on the incoming class pie charts that the admissions office will prepare at the Georgetown McDonough School of Business (McDonough Full-Time MBA School Profile), where I will start this fall. How will they categorize a gay Bosnian Muslim refugee, a former chemist who writes about sexuality in Islam while counseling college students?

Santiago - Valeria Garcia has come a long way in the past two decades. As a high school dropout, she lived in a wooden shack with a dirt-floor kitchen and a tin roof in San Ramn, one of the Chilean capital's roughest neighborhoods. But at age 33 she went back to high school and then earned a degree in psychology from a local university. For seven years she commuted an hour each day by bus to classes, all the while taking in washing to make ends meet.

From the marbled corridors of Congress to the tony salons of Georgetown, liberal lawmakers are abuzz with ideas on how to rein in U.S. corporations. Yet over in the courts, two conservative lawyers are mounting a serious challenge to a law, enacted earlier in the decade, that imposed tough restrictions on American businesses. A ruling in their favor could deal a serious blow to the pro-regulatory movement in Washington.

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One silver lining in the current economic cloud is that job-seekers are answering President Obama's call to service: Applications to Teach for America are up 42% from last year; AmeriCorps applications have nearly tripled.

In July you may have heard that the recession was over. If so, you were probably in Canada.

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To many, October 19, 1987 is a fateful date. To some it represents Black Monday, the day where a tidal wave of financial destruction swept across the globe. Relentlessly this wave traveled from Hong Kong to London to New York, destroying any assets in its path. Young college graduates were forced to sell their first cars, young families lost their first homes, and young entrepreneurs lost their first businesses. However, Black Monday doesn't mean the same thing to all people.

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Pressure, stress, and anxiety were common feelings among a group of soon-to-be MBAs from the Said Business School (Said Full-Time MBA School Profile) of Oxford University one short year ago. A few felt the pressure of the empty recession and abysmal wasteland of job opportunities. Some had the stress of moving their families across the Atlantic, Pacific, and Indian oceans. Others felt anxiety swimming toward a completely new industry and the steep learning curve that was soon to follow. ...

Seven hundred billion dollars. That's a ballpark estimate of how much money is wasted in the U.S. medical system every single year, according to a new Thomson Reuters report. A sum equal to roughly one-third of the nation's total health-care spending is flushed away on unnecessary treatments, redundant tests, fraud, errors, and myriad other monetary sinkholes that do nothing to improve the nation's health. Cut that figure by half, and there would be more than enough money to offer top-notch care to every one of America's 46 million uninsured.

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The news about U.S. commercial real estate is grim ("Deep Trouble," Nov. 16, 2009). But distress can lead to opportunity. Michael Winer, manager of Third Avenue Real Estate Value Fund (NASDAQ:TAREX - News) since its 1998 inception, has proved particularly adept at navigating chaotic environments and profiting from messy restructurings or bankruptcies. Associate Editor Amy Feldman spoke with Winer about strategies for capitalizing on battered real estate.

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New York entrepreneur Charles B. Wang, who made his mark in software, is busy reinventing himself as a real estate tycoon. He's pushing a mammoth $3.8 billion mixed-use development in suburban Hempstead, Long Island, surrounding the Nassau Coliseum, where his New York Islanders hockey team plays.

When insurer AIA moved back into its gray stone colonial headquarters on Shanghai's waterfront Bund in 1998, it marked the return of foreign insurance companies to China after their ejection nearly five decades earlier. Since then the floodgates have opened as Cigna , AXA , Allianz (Toronto:AZ.TO - News), and dozens more have set up shop on the mainland, aiming to tap a market of 1.3 billion people with few options for life insurance.

Fascinating. Insightful. Investigative. Tumultuous. Microcosmic. Realistic. These are just a few of the adjectives that describe the once-in-a-lifetime summer opportunity I enjoyed from May through August of this year, as an MBA intern in the Office of Management & Budget (OMB) in the White House.

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When it comes to financial matters, Americans are functionally illiterate.

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Our goal as college professors is to open students minds to new experiences so they can grow intellectually while they mature through the traditional four-year process. But we are also challenged to give students the immediate skills they will need once they graduate so that they can begin their professional careers and move away from the fry-o-later to the cubicle and beyond.

For three months early this year, 63-year-old Ronald Lang was one of the most plugged-in patients in America. Lang, who suffers from congestive heart failure and multiple sclerosis, was pilot-testing the Intel (NasdaqGS:INTC - News) Health Guide, a device that lets doctors monitor his health remotely. Each day after he woke up, he'd step on a scale and strap on a blood pressure cuff that was attached to the Health Guide. The device collected his vital signs and zapped them to his doctor's office. ...