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...popularity following a narrow win in May's presidential election. To consolidate support, Arroyo has scheduled weekly town-hall meetings for the next four weeks, during which she promises to rub elbows with the common folk, many of whom have viewed her as ?litist. Says Ellen Tordesillas, a political analyst and newspaper columnist: "By saving Angelo de la Cruz's neck, President Arroyo saved her own neck...

Author: /time Magazine | Title: Strategic Retreat | 8/2/2004 | See Source »

...counterfeiting, since investigators and manufacturers say most people who buy fakes wouldn't pay for the real thing anyway. The larger risk is that the brand will get devalued. Brandmakers fight counterfeiting "not because they feel this will steal a genuine quantifiable sale from them," says luxury-goods analyst Andrew Gowen of Lazard & Co. in London, "but because of the overexposure of the brand...

Author: /time Magazine | Title: The Purse-Party Blues | 8/2/2004 | See Source »

...basically bisecting the market," says Matt Snowling, a brokerage analyst at investment firm Friedman Billings Ramsey. For folks with more than $150,000 to invest, firms like Merrill and Smith Barney offer comprehensive financial services. On the low end, bare-bones firms like ETrade and Ameritrade are happy with clients that do not expect advice and have only a few thousand dollars...

Author: /time Magazine | Title: Money: Trouble At Schwab | 8/2/2004 | See Source »

...employees at a time when markets there are especially volatile. So in buying Abbey, Botín was seeking diversification. "The acquisition will balance Santander's risk while buying a bank with a critical volume that will allow it to reach the mass market," says Javier Bernat, an analyst with stockbroker Caja Madrid Bolsa. Botín said he would be able to wring cost savings of €450 million from Abbey as well as increasing revenues by €110 million, for a total of €560 million in increased earnings by 2007. This could mean sweeping job cuts...

Author: /time Magazine | Title: Banks Without Borders | 8/1/2004 | See Source »

...longtime rival Yahoo, or they're trying to scare away one-day profiteers. "Either way," says Mark Mahaney, analyst for American Technology Research, "this is a real case of buyer beware." Not that there's much up for grabs. Only 9% of Google shares are being made available, and each of those will have one-tenth the voting rights of a share owned by Page or Brin, who are set to earn a one-day profit of up to $130 million each, and become billionaires - at least on paper. Who says the days of dotcom wealth are dead? Much...

Author: /time Magazine | Title: Bizwatch | 8/1/2004 | See Source »

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