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...become a handicap in a sector where growth and geographical expansion via consolidation is the rule. That position, Mistral continues, means Société Générale has "always been viewed in Europe as being perched on the edge of a cliff, and with very little doubt it will be pushed over the side at the end of this episode...

Author: /time Magazine | Title: Rivals Eye SocGen Buy-Out | 1/31/2008 | See Source »

...transportation more than it does railways," Feng says. "We used to ship two 40-foot containers daily, but given the weather conditions, we stopped our truck traffic completely on the 25th." Although it's hard to give an exact number for the losses the company faces, they "will no doubt be substantial," Feng sighs...

Author: /time Magazine | Title: China On Ice | 1/31/2008 | See Source »

...Maoists see themselves as the agents of democracy in Nepal, stifled by the objections of reactionary, status-quo forces, while many in the Congress, let alone in factions aligned still to the ancien régime of the monarchy, doubt the radical guerrillas' commitment to any political scenario where they may not retain complete control. Despite a compromise thrashed out at the end of last year, which set elections for this April, observers expect conflict to be inevitable. "What more must we give the Maoists?" asks R.S. Mahat, Nepal's Finance Minister and a Congress Party member. "Their strategy...

Author: /time Magazine | Title: Rebels with a Cause | 1/31/2008 | See Source »

...Earlier in the week, French President Nicolas Sarkozy led a parade of government officials signaling expectations that the highest ranks of the bank's management would step up and assume responsibility in the affair. "We are in a system where, when you have a big salary - which is without doubt legitimate - and there is a big problem, you cannot escape your responsibilities," Sarkozy said Monday, in an evident reference to Bouton...

Author: /time Magazine | Title: SocGen Boss Keeps Job | 1/30/2008 | See Source »

...dark blue suit that seems to brighten his thick white hair, he's savoring what he's convinced are the fruits of one his earliest but most controversial decisions - leading the drive to push Florida's primary election up from March to Jan. 29. "I believe without a doubt it was worth it," Crist tells TIME. "To be the last big state to weigh in before Super Tuesday will only in turn have a deep impact on Super Tuesday, and that's a role Florida deserves to play...

Author: /time Magazine | Title: Crist Revels in the Florida Spotlight | 1/28/2008 | See Source »

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