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...advantage of crisis-created opportunities. As competitors retrench to repair tattered balance sheets, the bank is expanding its market share in key areas such as trade finance. It has boosted lending to small enterprises in Asia at no risk by participating in loan-guarantee programs implemented by governments to free up credit markets. Sands has also continued making strategic acquisitions, including the purchases of Cazenove Asia, a regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks by hiring experienced bankers from troubled competitors. Since August...

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

...also send a message to display on its screen if the phone is far away--say, in a restaurant. Or if it gets stolen out of your hands (as Kevin Bacon's BlackBerry was last month), you can erase everything on your phone remotely. But the feature isn't free: it's part of Apple's MobileMe service, which, for $99 a year, syncs e-mail and other data between your iPhone and computers. One other downside: it's no help if your phone is out of juice...

Author: /time Magazine | Title: iLost My Phone | 6/29/2009 | See Source »

...have to go up, and raising rates on just the very richest won't be enough. The only alternative is what some call the inflation tax--reducing the relative size of the country's debts by letting prices rise across the board. But that has its costs too. The free-lunch era is over...

Author: /time Magazine | Title: A Fun-Free Recovery | 6/29/2009 | See Source »

Marchionne has no such regal aspirations. He doesn't even own a soccer team. He's not a flashy dresser, sporting casual, open-necked shirts and spending his free time quietly with family by Lake Geneva. He's at the firm to manage Fiat, not rule it. "My job as CEO is not to make decisions about the business but to set stretch objectives and help our managers work out how to reach them," he wrote. It worked at Marchionne's previous job, as head of a Swiss inspection and verification company called...

Author: /time Magazine | Title: Is Chrysler Too Big a Mess for Fiat's Turnaround Artista? | 6/29/2009 | See Source »

...Bermuda Free at Last Four former Guantánamo Bay detainees have been released in Bermuda as the U.S. continues its push to shut down the facility by 2010. Others have been transferred to Saudi Arabia, Iraq and Chad, while Italy and the U.K. say they will take former prisoners. More than 500 detainees have been sent home in recent years; 50 have been cleared and are ready to be released, and 220 others await trial...

Author: /time Magazine | Title: The World | 6/29/2009 | See Source »

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