Word: heade
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...have often been unkind to banks. Unstable governments, dubious corporate management practices and wild swings in investor confidence can make the developing world far less predictable than the more advanced economies of the West. But the current financial crisis has stood a lot of the conventional wisdom on its head. As the Wall Street subprime meltdown sent prominent banks in the U.S. and Europe tumbling, financial institutions doing most of their business in developing countries have come through the crisis looking healthier - and smarter...
...parenting into a profession with its own implicit peer-review boards and competitive frenzy. Rather than uniting to promote a culture that would make parenting easier for everyone, we have wasted a huge amount of energy and airspace on fighting among ourselves over what constitutes the perfect balance between head and heart and work and home. "I avoid old friends on Facebook," reads the post on Truemomconfessions.com "because when I compare my life to theirs, I am so ashamed of where...
...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...
...taken a more traditional route by boosting advertising. In April, the national tourism board launched a $13 million initiative called "Italia Much More" to lure tourists from the U.S., Canada and the rest of Europe. "The crisis is tangible for everyone, and Italy will suffer," says Matteo Marzotto, head of the National Tourism Board. "We're in the middle of a war." That may sound dramatic, but consider this: in 2008, Italy's tourism revenues fell 5%, the first drop in seven years. The slump has already translated into a loss of $5.2 billion and at least 150,000 jobs...
...victor in a landslide, people emptied into the streets in rage. Downtown, groups of demonstrators set several buses, a building and hundreds of garbage bins on fire, smashed the windows of state banks and destroyed ATMs. On Ghaem-Magham Street, I watched a lone woman dressed in a head-to-toe black chador standing on the side of the road, flashing the peace sign to passing cars and yelling, "Only Mousavi." The woman, a 36-year-old bank employee named Maryam, had told her children to find dinner for themselves. "What I'm doing here is more important for their...