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...does not merely own up to his interracial background as if to a past indiscretion; he candidly explores it. And his brave self-disclosure succeeds because we no longer live in an America that wants to make mixed-race people into pariahs. That was once done to keep firm the racial boundaries of American apartheid--the mulatto's tragic exile standing as a cautionary tale meant to keep people "with their own kind." But today's mixed-race person is "fresh," a word that trails Obama like a nickname...
...peak-season rates were released back in early September, so clients know today exactly what they will pay next year without the fear of exchange fluctuations," says Sarah-Leigh Shenton, marketing manager for British-based Sanctuary Villas and Apartments, www.sanctuary-villas.com. The firm priced its products in dollars for the first time this year. "This helps drive early bookings for us, while offering savings of at least 15% for clients," Shenton says...
...keep the suitors coming, it will have to do more to reform its business climate and address foreign companies' concerns on everything from corruption to its tangled bureaucracy to widespread environmental, child labor and health issues. Earlier this month, a Norwegian sovereign fund withdrew investments from Indian-owned mining firm Vedanta Resources over its environmental practices in India. And big-box European chains like Carrefour are frustrated over the slow pace of reform in India's retail sector, where complete foreign ownership of multi-brand retail outlets is still not allowed. Partly to tackle such issues, Europe is helping...
...most capable mop-up man, incoming Merrill Lynch CEO John A. Thain was known as a quiet, polite, and incisive Midwesterner during his days at Harvard Business School. On Saturday, Thain, a 1979 graduate of Harvard, will take charge of Merrill Lynch and attempt to rescue the brokerage firm from the biggest crisis in its 93-year history. In interviews with The Crimson, Thain’s former Business School classmates remembered his days across the Charles, where he attended school along with his Merrill Lynch predecessor E. Stanley O’Neal, Labor Secretary Elaine Chao, and eBay...
...shareholders are unhappy with Branson?s bid, however, it is unclear where they might find a better one. The U.S.-based private-equity firm JC Flowers has also promised to repay billions of pounds of the Bank of England loan upfront, but its proposal offers shareholders only around 1 pence per share. Another investment firm, Olivant, has proposed buying a minority stake while parachuting new management in, a plan that would keep share prices at higher levels. But with the British government having already plunged billions of dollars into the bank, it will want to retain...