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That will be a tricky prospect, considering the lse has seen off a succession of foreign takeover attempts in the past few years. Under ceo Clara Furse - the bourse's first female boss in its 200-year history - the lse has knocked back offers from rival European operators like Deutsche Börse and Australian investment bank Macquarie. By "flushing out suitors and garnering shareholder support," says Richard Hunter, London-based head of U.K. equities at Hargreaves Lansdown Stockbrokers, Furse and the management "have played the bid game very well indeed." But the laws of capitalism dictate that...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...unlike his predecessor, the new boss at the Pentagon isn't into grandeur or ceremony, or so it seems. On Friday, in his first official press conference since taking over six weeks ago, Gates shunned the traditional Pentagon press briefing room, with its imposing stage, Pentagon seal, podium and klieg lights, opting instead for a casual get-together with the fourth estate at his dining room table. With some four dozen reporters crammed into the room, the session covered the gamut of defense issues; how the U.S. military will indeed chase and kill or capture Iranians if they threaten...

Author: /time Magazine | Title: Gates's Glasnost at the Pentagon? | 1/27/2007 | See Source »

...four U.S. officials worked hard to turn the tide. They were North, then a little-known aide at the NSC; Charles P. Tyson, another NSC staffer; Richard Secord, Deputy Assistant Secretary of Defense; and Robert Lilac, a Pentagon official who moved to the NSC, where he became North's boss. The four worked closely with Saudi Prince Bandar bin Sultan to close the deal, which was bitterly opposed by Israel...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

Last week, only two days after the conference issued a 33-page proposal for constitutional reforms, the prospect of change received a crushing blow. Stoffel Botha, Natal's ruling National Party boss, rejected the reforms, saying they failed to protect Natal's whites from "domination" by blacks. The last, best hope seemed destined to meet the same fate as so many other attempts to achieve racial harmony. The white opposition Progressive Federal Party, which had participated in the conference, termed the rejection "a reaction from bigots who seem to have a death wish for South Africa...

Author: /time Magazine | Title: South Africa: Dashed Hopes | 1/26/2007 | See Source »

...Zaïre); assistant director at the Office of Economic Opportunity; deputy director of the Office of Management and Budget; Under Secretary of Health, Education and Welfare; deputy director of the CIA; Deputy Secretary of the Defense Department. In doing so, he developed admiring mentors, among them Caspar Weinberger, his boss at HEW and the Defense Department, and George Shultz, his boss at OMB. Both men had Carlucci, 56, on their recommended list last week as a replacement for the departing John Poindexter...

Author: /time Magazine | Title: Backbone and Stature | 1/26/2007 | See Source »

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