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...Because many other Asian countries are growing at least three times as fast, most analysts view Nomura's acquisition of Lehman's Asia assets for $225 million as a steal. MUFG, too, was already looking beyond Japan for growth. In August, it paid $3.5 billion to buy the remaining 35% of Union Bank of California that it didn't already own. Union Bank of California has a relatively healthy balance sheet and its stock is undervalued, analysts...

Author: /time Magazine | Title: Japan to the Rescue of Ailing US Firms | 9/23/2008 | See Source »

...region might be safe for now, what the future holds is unclear. Asia's economies, though far from recession, are decelerating as a result of the overall global slowdown. That could lead to problems at home, including rising nonperforming loans. "Asian banking systems might have dodged the turmoil from the U.S. subprime crisis but they are not immune to economic slowdowns," Standard & Poor's concluded. In these turbulent times, avoiding one bullet doesn't necessarily save you from others...

Author: /time Magazine | Title: How Asia's Bankers Avoided Crisis | 9/22/2008 | See Source »

...more than just science and technology courses. From architecture to philosophy, from Asian-American studies to gender studies, there is an incredible diversity of courses offered at MIT. Some courses may closely mirror those at Harvard, but many are unique to MIT. Some are taught in fields Harvard students have been advocating for years to be included at Harvard, yet presumably some of these same students won’t travel down the street to follow their interests. Almost all languish as missed opportunities for Harvard students. Except, of course, for accounting...

Author: By Samuel H. Lipoff | Title: Whither Accounting? | 9/22/2008 | See Source »

When Pushpa Kamal Dahal departed for the 2008 Olympics' closing ceremony days after becoming the first Prime Minister of the Federal Democratic Republic of Nepal, the writing - for many Indians - was on the Great Wall. For citizens of the other rising Asian giant, the Games had already broadcast how far their India lagged behind China on the field of play. Now, the leader of Nepal - once virtually a client state of its vast southern neighbor - was marking his rise to power not with the customary audience in New Delhi, but in Beijing...

Author: /time Magazine | Title: Nepal's New PM Makes the Rounds | 9/22/2008 | See Source »

...failed in response to a previously unforeseen circumstance, suicide bombers on the run." Blair, a highly visible figure, is already under fire for allegedly awarding a consulting contract to a personal friend, and is facing charges (that he denies) that his force's promotions policy discriminates against black and Asian officers. A judgment condemning procedures in the Menezes case would almost certainly intensify calls for his resignation...

Author: /time Magazine | Title: Inquiry Opens into London Police Shooting | 9/22/2008 | See Source »

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