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...their efforts to expand, going without government bailouts during the depths of the crisis last fall won't have done either bank's prospects any harm. While Barclays and HSBC have both benefited from taxpayer loans or guarantees - part of a $2 trillion package of state and central-bank aid doled out to Britain's lenders - both "have worked hard on their balance sheets," says Simon Maughan, a banking analyst at MF Global brokerage in London. Having tapped Middle East investors last year in an effort to bolster its capital base, Barclays agreed in June to sell the investment unit...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...retooling some models to improve their fuel economy so they can qualify for the credits. The early numbers were enough to convince California Senator Dianne Feinstein to go from criticizing cash for clunkers as too lax to supporting additional funding for the bill in the Senate. "This program has done much better than we ever thought it would for the environment," she told reporters on Aug. 4. (Read "Nissan's New Leaf: An Electric Car and Charging Stations...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...state-owned nuclear companies, she merged them to create Areva eight years ago. Her early success in convincing foreign clients that nuclear was the power source of the future earned her a remarkable degree of independence from political meddling. "If you look at what she's done since taking her job, you realize Anne Lauvergeon had the drive, creativity and vision to assemble all these parts into a single unit to be ready for a nuclear renaissance that she saw coming," says Ben Elias, research analyst for Sterne, Agee & Leach in New York. "There are very few CEOs...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...fair to the mayor, President Lee hasn't done much either to improve a better sense of gender equality in South Korea. In the 2007-08 Gender Empowerment Measure of the United Nations Human Development Report Office, South Korea ranked low at 64 out of 93 countries. James Turnbull, who writes about Korean gender issues in his blog, Grand Narrative, says that at an Emergency Economy Management Council meeting in January, Lee was quoted by the press as saying, "The most urgent issue on our hands is to create jobs for the heads of households." In other words...

Author: /time Magazine | Title: Will High-Heel-Friendly Streets Keep Seoul's Women Happy? | 8/5/2009 | See Source »

...Bill Clinton's lighting visit to Pyongyang - he landed Tuesday morning, Aug. 4, in the North Korean capital after flying in overnight from Anchorage - has done the trick. Shortly after he was photographed with North Korea's dynastic leader Kim Jong Il, wire services reported that Pyongyang had pardoned Lee and Ling, a necessary step in their release. And just before 7:30 p.m. eastern time, Clinton's spokesman sent out this statement: "President Clinton has safely left North Korea with Laura Ling and Euna Lee. They are en route to Los Angeles where Laura and Euna will be reunited...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

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