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...Anger among Bank of America investors about the Merrill Lynch deal has been brewing for months. In April, shareholders voted to strip Lewis of the title of chairman. Even then, some people predicted Lewis was not long for the bank, but he managed to hold on to his CEO title for six more months...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...against the dollar and shave off a significant chunk of a trader's profit, "If your carrying spread is wide enough, you'll comfortably take the currency risk," says Johanna Chua, chief economist with Citigroup in Asia. In fact, Chua says, the dollar carry trade has become so widespread among traders in Asia it has even triggered buying of more exotic and illiquid currencies like the Sri Lankan rupee. "That's the ultimate carry trade," Chua says...

Author: /time Magazine | Title: Who Loves the Weak Dollar? Currency Traders | 9/30/2009 | See Source »

...plan - still under development and, like everything else about Wikipedia, in flux - means that the online encyclopedia will undergo a far less momentous change than was previously reported. Wikipedia has long imposed tight controls on articles about boldface names - entries on Barack Obama, George W. Bush and Britney Spears, among roughly 3,000 others, are "semi-protected," meaning they can't be edited by anonymous surfers. Wales says that, at least initially, the new flagged-protection plan will probably apply to the same set of controversial articles, which are most prone to vandalism. But the vast majority of articles - even...

Author: /time Magazine | Title: Jimmy Wales Quietly Edits Wikipedia's New Edit Policy | 9/30/2009 | See Source »

...fact that Dwight Powell is even considering joining the Crimson is an accomplishment in its own right for Amaker and his staff. The 6’10”, 205 lb Canadian native is a Scout.com four-star recruit, ranked consistently among the top dozen centers in the nation, and has drawn attention from UCLA...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Drawing National Attention, Crimson Courts Touted Recruits | 9/30/2009 | See Source »

Indonesian President Susilo Bambang Yudhoyono called for the use of “soft power” to resolve conflict among eastern, western, and Islamic civilizations and outlined nine global “imperatives” for promoting peace and prosperity in the 21st century in a speech at the Harvard Kennedy School yesterday evening...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Indonesian President Visits Kennedy School | 9/30/2009 | See Source »

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