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...true irony facing Green is that his legacy may very well depend on getting the bank back to where it started. Although HSBC's pretax profits from emerging markets jumped 45% in the first half of 2005, according to Morgan Stanley, some bank analysts believe that Green will have to make even more major acquisitions to keep up that pace, especially in Asia. "It is a critical part of the potential growth," says Smith, HSBC's Asia CEO. "It is very important that we get it right." If HSBC does, its future may well be as storied--and profitable...
Ultimately, the future of Medicare Part D will depend not just on Republicans or Democrats, insurers or drugmakers, pharmacists or health-care experts. It will hinge on the willingness of the millions of people eligible for Medicare to submit to this experiment in free-market health care. Americans could decide that the health of the old, the sick and the needy deserves a system separate from the one that rules whether Internet companies and T shirt makers live or die. But if enough people agree to endure the smaller upheavals that are sure to come, Part D gives them...
...necessarily make the correct one. It is interesting to note that Pepsi Co. was charged with the same pesticide violations in India as Coke was, but its products remain firmly on Michigan’s shelves. Whether Pepsi will come before the DRB seems likely to depend on whether Pepsi bashing becomes a similar cause celebre for activists on Michigan’s campus. One thing is for sure, though: whatever decision the DRB does make about Pepsi will be no less arbitrary and no more fact-based than the one it made about Coke. We can only hope other...
...House members a chance to direct money to particular interests, and it's unlikely that they will want to give up that power. So in the warrens of the Capitol, Republicans debate how they can project change while keeping things much the same. The big totals on future spreadsheets depend...
...Chill" [Dec. 12], TIME mentions that climate experts have some reservations about the effects of global warming on weakening North Atlantic Ocean currents. I am surprised that they have not taken into account the speed of global deforestation. Warmer oceans absorb less atmospheric carbon dioxide, so we depend increasingly on the world's remaining vegetation to filter the air for us. Because vegetation is the only means by which carbon dioxide is converted into life-giving oxygen, we need to start seriously thinking more about controlling deforestation. We should establish a massive international reforestation program to reverse global warming...