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...Morgan Stanley and Goldman Sachs to operate as commercial rather than investment banks, CEO John Mack sees obvious benefits from a tie-up with the Tokyo giant. "Mitsubishi UFJ would be a valuable partner as we transition to a bank holding company and build our bank services and deposit base," Mack said...

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

While I realized it would be disturbing (and so it was), I nonetheless read your article on Hirst, since I'd had the misfortune some months back of seeing in the flesh one of his grotesque works (a slaughterhouse on display to the public, really) at the base of Lever House, on the streets of Manhattan. Like Hirst, I'm amused by the affluent morons who feel compelled to throw their money at him for the monstrosities that his production lines seemingly roll out in copious quantities. Hirst himself appears to be a thoroughly tortured individual. He deserves that state...

Author: /time Magazine | Title: Introducing Sarah Palin | 9/22/2008 | See Source »

...direction. Some analysts say that the market-friendly policies that have been Mbeki's hallmark are likely to continue. Zuma flew around the world earlier this year reassuring industrial leaders with interests in South Africa that he would follow in Mbeki's footsteps. But it was Zuma's support base - a coalition of leftists, populists, trade unionists and radicals - that drove the campaign to oust Mbeki, apparently against Zuma's wishes. That raises questions of just how firmly he calls the shots within his own party. "It suggests that the people who are in control...

Author: /time Magazine | Title: A Bitter End for South Africa's Mbeki | 9/22/2008 | See Source »

...Zuma is notorious for telling supporters of different political stripes what he thinks they want to hear, often contradicting himself in the process. He's keenly aware that alienating his own support base could prove dangerous. One of Mbeki's greatest perceived failings has been his lack of sympathy with the poor. The overall economy grew robustly under his presidency, but his effort to increase black ownership in the economy became controversial as a politically connected few amass great riches while millions of ordinary citizens remain mired in poverty. Poor South Africans vented their rage earlier this year by staging...

Author: /time Magazine | Title: A Bitter End for South Africa's Mbeki | 9/22/2008 | See Source »

...over 1,000 people in Pakistan over the past two years. "There has been no arrest taken place on this incident, because it just happened last night. But in previous investigations, all the roads have gone to South Waziristan," he said, in a reference to Mehsud's mountainous tribal base along the Afghan border...

Author: /time Magazine | Title: Blast Leaves Pakistan Shaken | 9/21/2008 | See Source »

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