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...McDonald is not alone. David Hendler of CreditSights recently lowered his rating on Citi's stock to the equivalent of a "hold." Says Hendler: "Our view is that Citi is in the midst of a large scale disassembly of the global franchise, and the ultimate configuration of the company remains murky...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...million cases. Although the good news is that most H1N1/09 illnesses have been extremely mild, the rapidity of its spread - and the fact that young people seem to be especially vulnerable - still worries global health officials. "We don't know if it will actually ever completely go away," says David Butler Jones, the public health chief of Canada, which has been unusually hard-hit. "We're still seeing new cases, so nobody should let down their guard." (See pictures of soccer in the time of swine...

Author: /time Magazine | Title: Think H1N1 Is Bad Now? Wait Till Flu Season | 7/22/2009 | See Source »

...fact, despite the challenges he has faced this month and his looming lame-duck status, Hu may actually be at the height of his power, says David Zweig, who teaches political science at the Hong Kong University of Science and Technology. "It takes any new party secretary four to five years just to get the party under control after he takes over," Zweig says. "Having appointed many of his stalwarts to senior (posts), Hu is now probably in a position to exert considerable influence on decisions even after he steps down in 2012 through his control of the Organization Bureau...

Author: /time Magazine | Title: Could Corruption Probe Linked to Son Hurt Hu? | 7/22/2009 | See Source »

...taking, since they still feel the need to protect China's developing domestic financial sector from shifts in the global economy. China sees its controlled currency as a "dam surrounding a reservoir, and the government doesn't know what would happen if it blew up the dam," says David Li, an economist at Tsinghua University in Beijing. "Would water flood out because the level inside the dam is higher than outside or would the opposite happen? That's what they are afraid of, that uncertainty." Li believes it could take 15 years for China to make the yuan a fully...

Author: /time Magazine | Title: China's Plans for Replacing the Dollar | 7/21/2009 | See Source »

...instances of reconciliation go, it lacks the momentous significance of the Camp David talks. But when Spanish Foreign Minister Miguel Ángel Moratinos sits down for trilateral talks with his British and Gibraltarian counterparts on July 21, it will represent a small milestone in a centuries-old conflict. For the first time in 300 years, a Spanish minister will set foot on the Rock...

Author: /time Magazine | Title: Who Owns Gibraltar? Spain Takes a Step Onto the Rock | 7/21/2009 | See Source »

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