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Even for a proud old bank like Belgo-Dutch giant Fortis, with nearly 300-year-old roots and Catherine the Great among its historic clients, playing a role in last fall's $100 billion takeover of Dutch rival ABN Amro was a big moment. In the largest financial services deal ever signed, Fortis - part of a consortium alongside the Royal Bank of Scotland (RBS) and Spain's Santander - put up $34 billion in return for ABN's Dutch banking business, among other assets...

Author: /time Magazine | Title: Lessons from Europe's Big Bailout | 9/29/2008 | See Source »

...late Sunday at the latest, it was obvious that Fortis had committed a catastrophic folly. Less than a year after the blockbuster deal, the Belgian, Dutch and Luxembourg governments agreed to inject $16 billion into an ailing Fortis, laid low by ongoing uncertainty in global credit markets. In return for the lifeline, each of the three Benelux governments took a 49% share in Fortis' banking units in their own countries. The part-nationalization of Belgium's biggest lender, which, with a worldwide staff of 85,000, is Europe's largest to be bailed out so far since the credit crisis...

Author: /time Magazine | Title: Lessons from Europe's Big Bailout | 9/29/2008 | See Source »

...guest in a series of seminars hosted by the Department of Slavic Studies. The author, who currently resides in Amsterdam, said that her extensive travels have left her with a sense of cultural “schizophrenia and split-personality.” “I am Bulgarian, Dutch, American, Yugoslavian, Serbian, Macedonian, Bosnian, Slovenian, Croatian, European, Swedish, Mexican...but that is not enough—give me more identities,” said Ugresic, whose collection of essays “Nobody’s Home” was recently translated into English. Svetlana Boym, a professor...

Author: By Wendy H. Chang, CRIMSON STAFF WRITER | Title: Author Writes Without Borders | 9/28/2008 | See Source »

...sometimes with his skateboard in tow. This charming tableau au naturel is complemented by an interview with di Pasquale conducted by (who else?) Matt di Pasquale. In response to his own probing questions, di Pasquale reveals interesting facts like his tendency to “fart under the covers, Dutch oven style baby!” and that his ideal relationship includes “two or three special women.” Di Pasquale actually seems to develop an interesting rapport with himself, alternately expressing admiration, consternation, and even surprise at his own answers. The interview is prefaced...

Author: By Daniel E. Herz-roiphe | Title: A Diamond in the Buff | 9/18/2008 | See Source »

...despite Gharbi's innocuous characterization, and La Vie en Rose's romantic name, the prostitutes who plunk down cash and collect their keys at the beginning of their shifts describe their work as tough, lonely and often sordid. Ivana, a 27-year-old Dutch woman, says she began working as a prostitute after spending two years in jail and finding no other employment when she got out. Now, she says, "I switch my mind to zero when I work." Irina, a petite Ukrainian, says she has made "a lot of money" after 10 years working in De Wallen and continues...

Author: /time Magazine | Title: Vice Versa: Amsterdam Cleans Up | 8/27/2008 | See Source »

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