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...family firm, there is that moment when parent and boss intersect. For Hong Kong billionaire William Fung, that moment has arrived, and with it comes his own special predicament. In 1972, as a brash 23-year-old fresh out of Harvard Business School, he reluctantly joined Li & Fung, a trading company co-founded by his grandfather. William's first move was "to get rid of the family deadwood," he says, by taking the company public. His son Terence, 25, recently joined the business, and William, a drafter of Hong Kong's mini-constitution who is famous for having a judicious...

Author: /time Magazine | Title: Exports: Trading Up | 11/15/2007 | See Source »

...Those realities will continue to hamper any push for fresh sanctions. The current plan calls for additional pressure on several fronts. Last month, the U.S. unveiled new financial sanctions against Iran that take a page from the playbook Washington used - successfully, in its view - to force North Korea to shut down its nuclear-weapons program. Specifically, the Treasury Department barred U.S. companies from dealings with three Iranian banks, as well as several companies the U.S. claims are in the WMD-proliferation business. According to intelligence reports, these companies are controlled by, or linked to, high-ranking officials in Tehran, including...

Author: /time Magazine | Title: Pressure Points | 11/15/2007 | See Source »

...that consultants do, which generally involves parachuting into some situation, being smarter than everybody else, coming up with a solution--or at least a PowerPoint presentation--and then leaping onto their horses and galloping away. Who was that masked man? At their best, consultants see a situation with fresh eyes and bring some useful analytical tools. At their worst, they are a prestige play verging on a protection racket. Hey, Mr. CEO: Every other big company has hired McKinsey. What's your problem...

Author: /time Magazine | Title: Can McKinsey & Co. Fix the Government? | 11/15/2007 | See Source »

...that the networks are playing reruns. Insomniacs may just start counting sheep when they discover that the opening monologues of Jay Leno and David Letterman seem dated. And what’s this? Dennis Kucinich is on “The Colbert Report” again? The lack of fresh material in the world of entertainment is the result of a joint nationwide strike of the Writers Guild or America, East and the Writers Guild of America, West, two organizations who together represent almost all American film and television writers in collective bargaining. The two groups, collectively referred...

Author: By Ryan J. Meehan and Katherine L. Miller, CONTRIBUTING WRITERSS | Title: BOTH SIDES NOW | 11/15/2007 | See Source »

...were going to do something with it like add another floor or something crazy like that,” said Shane P. Donovan ‘09, an Eliot House resident and captain of the club tennis team. But the improvements were less flashy: New showers, more fire doors, fresh plumbing, and a new ceiling over the pool. The MAC is more fire-ready, with more doors and a new sprinkler system. And it’s more accessible, with new ramps for students with disabilities. Before the changes, “the systems were bad, [and] the infrastructure...

Author: By Ana P. Gantman, CONTRIBUTING WRITER | Title: Reopened MAC Gym Sports Subtle Changes | 11/15/2007 | See Source »

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