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...banking has become mind-bogglingly complex, and the credit debacle has made it clear that many supposedly savvy bankers failed to grasp the scale of the risks they were taking. Tiny C. Hoare & Co. - pretax profit for the year to last April was a modest $32 million, up 8% from the previous year - has prospered over the centuries by keeping it simple. Two-thirds of its income still derives from providing rock-solid banking services - deposit-taking or loans, say - to its wealthy customers through just a pair of London branches. (Investment or financial-planning advice and help with...

Author: /time Magazine | Title: Private Banking: Old-School Rules | 4/23/2008 | See Source »

...Sarkozy was to attend the Olympics? The Foreign Minister, Bernard Kouchner, who has remained discreet on the subject? Or the French President, who tends to express himself on the matter with all the clarity of a sphinx? The diversity of voices characteristic of a true democracy is difficult to grasp for a nondemocratic culture. The Socialist Mayor of Paris, Bertrand Delanoë, made the Dalai Lama and Hu Jia, a prominent Chinese dissident, honorary citizens of his city at the very moment French official envoys were in China to make nice. Though the mayor's move was designed to embarrass...

Author: /time Magazine | Title: To Lose Face, Or Lose Contracts? | 4/23/2008 | See Source »

...things went this weekend.”Following the impressive second round, in which Harvard’s team score of 288 was the lowest mark of the championships, the Crimson had built up a 10-stroke lead. History, it seemed, was in the team’s grasp.“Even a 10-stroke lead is not safe, but the girls were pretty loose Saturday night,” Rhoads said. “They were comfortable and joking around like their normal selves.Under much windier conditions Sunday, Harvard got off to a fast start...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Crimson Takes First Ivy Crown By Ten Strokes | 4/21/2008 | See Source »

...their bellicose calls to “drive the Jews into the sea.” It took several more lost wars and decades of violence for Egypt, Jordan, and the PLO to engage in peace negotiations. Perhaps all Israel can do is wait for Hamas to fully grasp the futility of its immoral and failed objectives. In the meantime, Hamas’ obduracy will be responsible for more Palestinian and Israeli deaths as it continues to boycott Israel’s existence in the region. Carter’s call for an end to the boycott is correct...

Author: By Gabriel M. Scheinmann | Title: Hamas Must End the Boycott | 4/21/2008 | See Source »

...that analysis, but it doesn't exactly lend itself to snappy slogans. "That sounds a bit academic, doesn't it?," said Brown after a long explanation of how voters in Kirkcaldy or New Jersey might be convinced of the importance of reforming international institutions. And those voters who do grasp the issues might well ask why Brown places trust in the ability of large numbers of nations to reach agreement on contentious matters. For all his faith in the power of multilateralism, Brown dislikes the protracted meetings that are at the heart of any international action, says Stephen Wall...

Author: /time Magazine | Title: Gordon Brown in America | 4/16/2008 | See Source »

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