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...that more of StanChart's borrowers will struggle to pay back their loans. The bank's nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

...That the King of Pop earned royal sums for his music, there's little doubt. Jackson pocketed more than $300 million from sales of his recordings since the early 1980s, according to The New York Times. Thriller, which was the top-selling album of all time until eclipsed by the Eagles' Greatest Hits, 1971-1975, brought in a reported $125 million for the singer in the years after its release in 1982. Though there were early signs of an inclination to spend - he apparently missed out on landing the bones of John Merrick, better known as the Elephant Man, despite...

Author: /time Magazine | Title: What Happened to Michael Jackson's Millions? | 6/26/2009 | See Source »

...thing the Academy knows that the public doesn't: which films placed six to 10 in the Best Picture voting this past year. If the lower five slots had all gone to artsy fare like Doubt and Revolutionary Road, you can be sure we wouldn't have heard today's announcement. So the Academy must want Oscar night to be moderately reflective of the movies that real audiences came to, saw and were conquered by. It won't be the People's Choice Awards, but it won't be the Independent Spirit Awards either. And for that...

Author: /time Magazine | Title: Why the Oscars Need 10 Nominees | 6/25/2009 | See Source »

...some Pakistani analysts point out, there are other options available. "I have no doubt that [Pakistan's armed forces] do need local support," says Cyril Almeida, assistant editor at Dawn newspaper. "There are two ways of doing it. The lashkar route [local anti-Taliban militias] is one of them, which means supporting a genuine form of rebellion. The other route has been making deals with these unsavory characters like Qari Zainuddin. Unfortunately, in South Waziristan, the state has decided to use the short-cut route of just propping up the latter...

Author: /time Magazine | Title: Pakistan Slaying Reveals a Flawed Strategy | 6/25/2009 | See Source »

...will make it far easier to see just which areas of the brain are activated when viewing the pictures and, by implication, which feelings and motivations are being evoked. Until then, both Mom and Dad - who already have enough to worry about - should probably get the benefit of the doubt...

Author: /time Magazine | Title: Is an Ugly Baby Harder to Love? | 6/24/2009 | See Source »

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