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...slick operation helped it outperform every other British banking stock in 2006. The lender - not yet 50 years old - "was a darling of the stock market," says Howard Wheeldon, senior strategist at BGC Partners in London. "It was perceived as a good growth stock with a good model." Its approach: a limited branch network meant savings chipped in by its own customers amounted to a smaller chunk of the funds it could lend in the form of mortgages. So the company turned instead to other banks for cash. The result: three-quarters of its funds were borrowed from the wholesale...

Author: /time Magazine | Title: Rock Bottom | 9/20/2007 | See Source »

...market with a lousy infrastructure required a new strategy. As more foreign banks move in and local institutions grow, salaries in India's financial-services sector, like those in the even hotter technology sector, are skyrocketing, and turnover in many firms tops 35%. Goldman "took a different approach to hiring than most multinationals," says Luis Moniz, a Mumbai-based analyst for the human-resources consultancy Heidrick & Struggles. Most rivals tried a balanced approach, with half local hires for on-the-ground expertise and half expats to maintain a connection to the head office...

Author: /time Magazine | Title: Banking on India | 9/20/2007 | See Source »

...will totally change that. Hundreds of thousands of athletes, reporters and visitors will see China with their own eyes and realize China is not a backward country anymore." Among China's dissidents and democrats, meanwhile, there has been hope that the attention paid to their nation as the Games approach would lead to a relaxation of tight controls on political and social expression. As for those who live in Beijing, the Olympics will signify the transformation of their city--until recently one whose sinews and shape had been constant for hundreds of years--into a place that aims to rival...

Author: /time Magazine | Title: China's Olympic Warmup | 9/20/2007 | See Source »

...valued only when they wear the uniform. And once they hang it up for good, we stop caring about them, except when they take us on a stroll down memory lane. The press rarely reports on what happens to ex-players--the injuries that intensify as the athletes approach middle age, the financial woes that afflict players who make too much money too fast and then see it disappear. And there's a reason for that: fans don't want to know. Thinking of players as real human beings, with identities off the field, spoils the fantasy. Atlanta Falcons fans...

Author: /time Magazine | Title: The Devil in Every Fan | 9/20/2007 | See Source »

...fickleness with which Republicans approach their candidates is frustrating. The top tier offers an all-star cast, yet the party discards them like unwanted wool sweaters. Former NYC Mayor Giuliani reduced crime in his city by 60 percent, but he’s pro-choice. Arizona Senator John McCain advocated the successful surge strategy in Iraq years ago, but he pushed for the failed immigration overhaul. Former Massachusetts Governor Mitt Romney turned a nearly $3 billion deficit into a $700 million surplus without raising taxes, but he only recently converted to social conservatism. Former Tennessee Senator Fred Thompson?...

Author: By Brian J. Bolduc | Title: A Going Away Party | 9/20/2007 | See Source »

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