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...banking has become mind-bogglingly complex, and the credit debacle has made it clear that many supposedly savvy bankers failed to grasp the scale of the risks they were taking. Tiny C. Hoare & Co. - pretax profit for the year to last April was a modest $32 million, up 8% from the previous year - has prospered over the centuries by keeping it simple. Two-thirds of its income still derives from providing rock-solid banking services - deposit-taking or loans, say - to its wealthy customers through just a pair of London branches. (Investment or financial-planning advice and help with...

Author: /time Magazine | Title: Private Banking: Old-School Rules | 4/23/2008 | See Source »

...flamboyantly opposed the war of the American "hyperpower" in Iraq; now it opposes human-rights violations committed in Tibet by tomorrow's superpower, China. The parallel undeniably flatters the French ego, since it suggests the supremacy of ethics over realpolitik in French diplomacy. But the reality is slightly more complex...

Author: /time Magazine | Title: To Lose Face, Or Lose Contracts? | 4/23/2008 | See Source »

...brand name. However, Lee also became a symbol of the difficulties Korea's major corporations have faced in modernizing their management practices. A shadowy figure rarely seen in public, Lee was treated as a demigod by Samsung employees but his actual role in managing the company remained opaque. Through complex networks of cross-shareholdings, Lee, the son of Samsung's founder, played a dominant role in directing the activities of the giant Samsung group of companies, with dozens of affiliates in insurance, securities, heavy industry, chemicals and even hotels. Samsung wields tremendous economic and political influence in South Korea...

Author: /time Magazine | Title: Samsung's Chairman to Resign | 4/22/2008 | See Source »

...screenings were free of charge, but organizers said that any money donated would be given to Rally for Iraq, a charity that supports Iraqis pursuing higher education anywhere in the world. Al-Damluji stressed the importance of seeing the reality of the situation in Iraq and understanding its complex nature. “We should only start looking at solutions when we understand the damage that has been done,” he said...

Author: By Anthony C. Speare, CONTRIBUTING WRITER | Title: CGIS Explores Views of Iraq in Film Series | 4/20/2008 | See Source »

...concerns about her child who had Down Syndrome," TDFPS spokesman Greg Cunningham told TIME in an e-mail. "That child has had a medical evaluation and has had one-on-one care." Cunningham says that the children in custody at the Pavilion, part of the city's civic center complex, have one caregiver for every three children. A small number of older boys have been moved to the Cal Farley Boy's Ranch in Amarillo, a privately funded home for needy children...

Author: /time Magazine | Title: Tracing the Polygamists' Family Tree | 4/20/2008 | See Source »

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