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...have been relying on the now shaky credit markets to finance those deals. But if global credit markets tighten, "India won't be immune," says Ernst & Young financial-services analyst Ashvin Parekh. Foreign investors sank $98 billion into India from 2003 to 2006, according to Morgan Stanley, and every major investment bank in the world is chasing that business. Less free-flowing credit will inevitably lead to Indian companies' eyeing fewer deals and therefore to even more competition for their business. In India, commissions and fees are often less than a quarter of what they are in the West...
...Games to confirm China's new international stature and expunge the last vestiges of the isolation into which the country was plunged after the bloody suppression of the 1989 Tiananmen protests. "A successful Games would mean that China is accepted by the international community and has become a major world power," says Yan Xuetong, who heads the Institute of International Studies at Beijing's Tsinghua University...
...Major world powers, however, are subject to major world campaigns. With China's growing clout and visibility has come an increased sense that it should adhere to the highest standards of international conduct. And activists have been able to use the Games as a way of holding China to account. That has been done most obviously in the case of Darfur. Critics say Beijing's support for the government of Sudan--where China is the biggest investor in the growing oil industry as well as its biggest customer, importing about two-thirds of the country's crude production last year...
...investment bank or consulting firm. With a place at HBS secured, such students will hopefully feel liberated to pursue more diverse interests, enriching both HBS’ incoming class the lives of its students.To help admitted students find jobs, the 2+2 program plans to partner with around 100 major companies. While these companies already include McKinsey—a company definitely part of the traditional “business track”—and Google, they also include nonprofits like Teach for America. According to Kimmel, the 100 companies will include a broad range of nonprofits...
...interview with TIME, Kilpatrick blamed some of his "boneheaded" behavior - particularly during his first term - on his youth, and his initial inexperience managing a major city. His image, especially the earring, alienated many of Detroit's black professionals, notably middle-aged women. "They didn't think I had the life skills, or they thought I wasn't like their sons - engineers or doctors," he says...