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...Harald, a Merita executive vice president, estimates that an Internet transaction costs the bank only 11[cents], a tenth the cost of a local branch transaction. And every month customers make 4.1 million bill payments over the Internet. The migration to the Net also allowed Merita to close two-thirds of its 800 branches, resulting in huge savings...

Author: /time Magazine | Title: Admire Our Busy Signal | 11/14/2007 | See Source »

...Australia, where they veiled 2.4 km of cliff just south of Sydney in 93,000 sq. m of synthetic cloth, the first of their public "wrappings." And in a dozen commissions since, Kaldor has not only brought a who's who of contemporary art to Australia, from curator Harald Szeemann to video artist Nam June Paik, but amassed a seriously cool collection in the process. His newest KAP recruit is installation artist Urs Fischer, this year's Swiss representative at the Venice Biennale along with Ugo Rondinone, another KAP alumni. "He's got a passionate eye," says Engberg, director...

Author: /time Magazine | Title: Impresario of the New | 3/22/2007 | See Source »

...replaced by the head of Audi, Martin Winterkorn, 59, a Piëch loyalist. VW's financial prospects have brightened in recent months, and investors and industry officials fretted that Pischetrieder's exit could jeopardize the restructuring. "We see it as negative for VW," reckoned Credit Suisse analyst Harald Hendrikse. At France's Peugeot Citroën, Europe's second largest carmaker, Christian Streiff was appointed to succeed Jean-Martin Folz, 59, after he failed to reverse slumping sales. Streiff, 52, who has a reputation as a tough cost cutter, recently resigned as head of Airbus after just three months...

Author: /time Magazine | Title: In—And Out—Of The Driver's Seat | 11/12/2006 | See Source »

...Hizballah deliberately provoked Israel's ferocious response to inspire and strengthen extremist groups and rogue nations. Why hasn't the world been more supportive of the Lebanese government in its efforts to strengthen that nation's administrative and military power? Harald Smedal Paradis, Norway...

Author: /time Magazine | Title: Letters | 8/28/2006 | See Source »

...actual goals. Feroze Sidhwa Sugar Land, Texas, U.S. Hizballah deliberately provoked Israel's ferocious response to inspire and strengthen extremist groups and rogue nations. Why hasn't the world been more supportive of the Lebanese government in its efforts to strengthen that nation's administrative and military power? Harald Smedal Paradis, Norway It would be nice if once, just once, the world stood by Israel and supported its actions. This time the main criticism seems to be that Israel's reaction has not been proportional. What is proportional? Should Israel have kidnapped two Hizballah fighters in return? Would that have...

Author: /time Magazine | Title: The War That Never Ends | 8/15/2006 | See Source »

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