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...While it may be tempting to think of the Countrywide deal as a happy ending to the fable of the subprime-mortgage market, for BofA it is really the climax of a 30-year saga of grand ambition. What next? "The only way to really succeed," Lewis says, "is to find beauty and excitement in organic growth." For BofA, that means getting credit-card holders to open checking accounts and turning mortgage borrowers into private-banking clients. It's the same strategy that Citi has pursued without much success, but Lewis says his bank is focused on just one country...
...next "glocalization" trick: exporting Taco Bell, its top brand in the U.S., to Mexico. In late October, a Taco Bell headed for the border and to a Mexican suburb, its grand opening attended by government officials and hordes of press. Diners flocked to the restaurant, located in a busy shopping plaza in Monterrey, though many seemed bemused by the offerings. Claudia and Ignacio Sosa dropped in with their toddler Fatima after a trip to the supermarket. "This is not tacos or burritos or quesadillas, even though they're called that," says Claudia. "We have never had a taco with rice...
...global warming hasn't been much of an issue for designers. Coats of every color turned up on runways here, while retailers joked that they were the one item they didn't necessarily need, given the recent fluctuations in weather. Still, designers did their best to give coats a grand, new twist, whether they were supersized shearlings like the one that opened Dolce & Gabbana's rock 'n' roll-inspired show or the exotic, Tibetan-inspired poncho shearling and paisley embroidered coats at Alexander McQueen's Mongolian-meets-Mayan show. Meanwhile, Frida Gianinni took the Gucci man on an exotic trip...
...discussion about who might be the all-time greatest tennis player would be complete without mention of Rod Laver, the leftie from Rockhampton, Australia, who twice in the 1960s won the grand slam (taking all four of tennis's major singles titles - the Australian Open, the French Open, Wimbledon and the U.S Open - in the same year). No other male player of the Open era has managed the feat. Laver, who suffered a stroke 10 years ago, will turn 70 in August and has lived in California since 1966. On the eve of the Australian Open, he gave a rare...
...your dark horse for the Australian Open? The dark horse would be Djokovic. He hasn't risen to the heights of winning a grand slam event yet, but he's got that experience now. [Maria] Sharapova is interesting on the women's side. She's put on so much height recently, and that changes your game. You wouldn't think by much, but when you hit groundstrokes, you've got to get down to the ball...