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...does give us leverage, and we have some decisions to make now. Specifically, we'd like to diversify our purchases because the dollar is getting weaker by the day and we want hard assets. Companies, land, buildings, amusement parks, golf courses, whatever. Our sovereign wealth fund - the China Investment Corp. - is already looking at possible investments, as are some of our state-owned companies. A few years ago, one of our better-run companies, CNOOC, tried to buy a second-tier oil company in Los Angeles, UNOCAL, but backed off after your own xenophobic politicians created a ruckus. We hope...

Author: /time Magazine | Title: What China's Hu Would Really Like to Tell Obama | 9/21/2009 | See Source »

...liens on the personal trusts of Caspersen’s four sons, all of whom also attended the Law School. A member of the Law School’s class of 1966, Caspersen was a prominent player in the New Jersey Republican Party and the former CEO of Beneficial Corp, a major consumer lending company. His contributions to Harvard include chairing a record-breaking Law School capital campaign that raised $476 million and endowing a wing of the new Northwest Corner Building with the largest single donation in the Law School’s history. Caspersen, 67, had been battling...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Caspersen Taxes May Be Suspect | 9/18/2009 | See Source »

...many years, Ford Motor Co. was considered the sickest of Detroit's car manufacturers. But conventional wisdom was stood on its head last fall when Ford parted company with General Motors Corp. and Chrysler Group LLC by forgoing federal help during the most perilous times for automakers...

Author: /time Magazine | Title: For Ford, Going It Alone Looks Like a Good Strategy | 9/15/2009 | See Source »

...months after Franklin D. Roosevelt took office in 1933, Congress legislated a complete transformation of Wall Street and the banking sector with the creation of the Securities and Exchange Commission and the Federal Deposit Insurance Corp., and the segregation of commercial banks from Wall Street. It's not obvious that we need such a drastic overhaul now, but still, the contrasts with 1930s are stark. Ironic, too. By following their belief that financial markets should work out their own problems, Andrew Mellon and his kindred spirits at the Fed triggered a financial collapse that more or less ensured major, permanent...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

...strand of Islam deems them heretics.) But Pakistan's response to Iran will ultimately be determined by the all-powerful military establishment. And, analysts say, the army is a great deal more wary of Iran's regional aspirations. "They are not really allies," says Christine Fair of the RAND Corp. in Washington. "There is a misguided assumption that just because Pakistan gave Iran nuclear technology that they have some kind of strategic alliance." That deal, analysts say, arose out of former army chief General Mirza Aslam Beg's wish to "create problems for the U.S." (See pictures of terrorism...

Author: /time Magazine | Title: Iran Sanctions: Why Pakistan Won't Help | 9/14/2009 | See Source »

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