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...Virtually every time there's been a major traumatic episode at a bank or financial institution, the final page has ultimately been turned with the company being bought out," notes Jacques Mistral, head of economic research at the French Institute of Foreign Relations in Paris. Despite that record, Mistral says he doubts that Bouton is staying on specifically to prepare Société Générale's sale. "Everyone there is still fully focused on surviving this scandal - the here and now," Mistral argues. "When the time comes where it's inevitable Soci...

Author: /time Magazine | Title: Rivals Eye SocGen Buy-Out | 1/31/2008 | See Source »

...more than half a million travelers who were stuck outside the station in the closing days of January after some of the most severe weather in decades brought China to a virtual standstill. Unusually frigid weather and heavy snowfall severed crucial transport arteries including major rail lines, highways and airports; power outages rolled across 17 provinces, forcing factories and businesses to close. The southern part of the country, which hadn't seen snow like this since 1954, was woefully unprepared. Even more northerly cities such as Shanghai, which is near the coast, were staggered by winter's wallop. At least...

Author: /time Magazine | Title: China On Ice | 1/31/2008 | See Source »

Comrade Sandhya's voice trembles as she speaks of her father. "He was a major in the Royal Nepalese Army," she begins, cupping her chin with one hand while rearranging a neat schoolgirl plait with the other. "When he found out I had gone underground, he said I was no longer his daughter - only his enemy. The next time he wanted to meet me was on the battlefield...

Author: /time Magazine | Title: Rebels with a Cause | 1/31/2008 | See Source »

...Clinton supporters should not fret: bilingualism does not correlate with electability. The most fluent Spanish speaker of all the major modern presidential nominees was Michael Dukakis, and there's no misunderstanding what the American electorate had to say about...

Author: /time Magazine | Title: Speaking Voters' Language, Literally | 1/30/2008 | See Source »

Olmert and his generals were most vulnerable to criticism of their decisions during the conflict's final 60 hours. While the United Nations was hammering out the last details of a truce, the prime minister approved a major ground assault into southern Lebanon in which 34 Israeli soldiers died and few, if any, lasting gains were made on the battlefield. The report blamed the politicians and the top brass of "equivocation" which "hurt Israel" by dithering over whether to launch the ground attack or seek a political end the war. Nevertheless, the report stated: "The goals of the ground operation...

Author: /time Magazine | Title: Olmert Dodges a Bullet on Lebanon | 1/30/2008 | See Source »

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