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Last week, Daniel Dantas, a Brazilian banker of fantastic wealth and influence, was convicted on corruption charges, sentenced to 10 years in prison, and fined R$ 12 million ($5 million). Mr. Dantas’ fate remains unclear as he may still file multiple appeals that could take years to be evaluated. Nevertheless, his conviction reflects an accomplishment of the Lula administration in Brazil: the freedom of the Polícia Federal, responsible for gathering the evidence in the case. The PF has been allowed to aggressively pursue corruption investigations since 2003 and numerous prosecutions show that Brazil?...

Author: By Flavio S. Campos | Title: BRIC Starts with B | 12/9/2008 | See Source »

...independent thinking can look perilously close to dissidence. Latvia, an E.U. member since 2004, recently employed tactics reminiscent of its Soviet era when security police arrested Dmitry Smirnov, an economics professor who questioned the stability of the country's banks and currency. Merkel is hardly vulnerable to a similar fate, but if Germany continues to challenge prevailing economic orthodoxies, Lancaster House may not be the last party to which she's not invited...

Author: /time Magazine | Title: Behind a Merkel Snub, Euro Economic Discord | 12/9/2008 | See Source »

...thousand years, venice's fate has been inextricably tied to water: the city famous for its canals is even shaped like a fish, with an imposing tail bifurcating at the Isola di San Pietro. Over the centuries, the Venetians' empire-building navies gave them grandiose reason to stage an annual Marriage with the Sea--the doge on board a gilded galley flinging a ring into the lagoon in mythic matrimony. Last week, however, the sea wanted more than a ring: the Adriatic appeared to be reeling in all of Venice itself, grabbing at it with the worst floods La Serenissima...

Author: /time Magazine | Title: The Moment | 12/4/2008 | See Source »

...Useless Air, formerly Allegheny a.k.a. Agony Air? I see the connection: you fly to D.C. on a previously bankrupt airline as you contemplate the bankruptcy of your own company. The experience should be enough to scare you into devising a scheme to save your own company from such a fate. But wouldn't this be a case of America's worst-run manufacturing companies relying on America's worst-run service companies? There'd be a 50% to 75% chance of the CEOs showing up on time. What are you supposed to do, call Congress and tell them...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

...groups responsible for this kind of awful, inhuman attack, we cannot get out of control. We have to deal with it peacefully,” he said. “Innocent civilians in both India and Pakistan have been victims of this kind of terrorism. It is a common fate for ordinary people,” he said. “We need to come together to fight this.”Bose said the University faces its own challenges in light of the events.“I think that what Harvard should do as a premier university...

Author: By Laura G. Mirviss, CONTRIBUTING WRITER | Title: Terror in Mumbai Touches Harvard Families | 11/30/2008 | See Source »

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