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Those who support NAMA say Ireland has little option but to take the plunge. The International Monetary Fund has predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

One of Alessandro's priorities has been to push Benetton more deeply into international markets with the help of strong local partnerships. In India he signed a deal with the Tata group, the country's largest conglomerate, which will open and manage Sisley stores; in the first half of this...

Author: /time Magazine | Title: Benetton's Faded Colors | 10/26/2009 | See Source »

International expansion is continuing despite the financial crisis, which has ravaged Benetton's bottom line. Profit in the first half of this year plunged 60% to $42 million from $115 million in the comparable period of 2008; sales in the same period were down 11% to just under $1.3 billion...

Author: /time Magazine | Title: Benetton's Faded Colors | 10/26/2009 | See Source »

Reaching a solution will require overcoming 60 years of deeply entrenched positions held by India's political and security establishment, for whom Kashmir has always been the defining foreign policy issue. Ever since a 1948 U.N. resolution calling for a plebiscite on Kashmir's future - a move categorically rejected by...

Author: /time Magazine | Title: India's War at Home | 10/26/2009 | See Source »

Seeds of Disaster The world's farmers haven't felt such love since the 1970s. Then, as food prices spiked, there was real concern that the world was facing a Malthusian crisis in which the planet was simply unable to produce enough grain and meat for an expanding population. Governments...

Author: /time Magazine | Title: Back to the Land: The New Green Revolution | 10/26/2009 | See Source »

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