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...Mexico only 1 in 5 people has a bank account. Rising middle classes in developing countries are low-hanging fruit for multinational financial-services companies. "In the next 25 years, you'll see economic wealth distributed more evenly with the world's population," says John Bond, HSBC's outgoing chairman. "Demand for financial services in emerging markets is going to grow consistently and probably grow faster than it will in the more mature markets...

Author: /time Magazine | Title: banking: The Bank That Ate the World | 1/22/2006 | See Source »

...size of their… heart. Beware the chap trap: they take over conversation whether at the table or not. Which means it doesn’t matter that we neither rely upon their clubs nor look to them for cash. In the end, we actually need, might even bond over, all that confusion they provide...

Author: By Victoria Ilyinsky | Title: No Boys Allowed | 1/18/2006 | See Source »

...make their decisions, Undergraduate Council Vice President Clay T. Capp ‘06 and Molly M. Faulkner-Bond ‘06 methodically placed their food samples on a table, arranginng the items by variety...

Author: By Katherine M. Gray, CRIMSON STAFF WRITER | Title: Campus Food Critics Chow Down | 1/13/2006 | See Source »

...nice if the folks that Wall Street serves made out too-not like bandits, but like the hard-working and trusting investors that most of them are. The gut-wrenching comparison that best illustrates that something may be amiss: in 2005, the average diversified stock fund returned 6.7%; bond investors gained under 1%; the average stock rose just 3%, according to market tracker Lipper. Those seriously sub-par returns don't square with a record Wall Street payday...

Author: /time Magazine | Title: Bonuses Top $20 Billion on Wall Street | 1/12/2006 | See Source »

...last year's speech talked of fighting special interests, deplored the "broken" budget process, called the education system a "disaster" and declared that the state-employees pension system was "out of control." In his place, legislators heard a chastened Governor offering a plan to please any populist?or teacher, bond salesman, union member, hourly worker, college student or construction-company owner. "The people, who always have the last word, sent a clear message?cut the warfare, cool the rhetoric, find common ground and fix the problems together," Schwarzenegger said. "So to my fellow Californians, I say?message received." Among other...

Author: /time Magazine | Title: Who Is the Real Arnold Schwarzenegger? | 1/8/2006 | See Source »

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