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...statement, Bank of America said it plans to name a successor to Lewis before the end of the year. Observers say Brian Moynihan, who in August was promoted to the head of the bank's retail network, is the most likely to replace Lewis. Another possible though less likely contender is Sallie Krawcheck, who was formerly the head of Citigroup's brokerage division and joined Bank of America in August...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...expanded learning time initiative suggest that adding hours to the day or days to the year to expand time spent on both traditional academics and enrichment activities improve performance on state standardized tests. Charter schools, moreover, also appear to benefit from longer school years or days. The KIPP national network of charter schools, for example, has a school day typically running from 7:30 a.m. to 5 p.m., Saturday class every other weekend, and a three-week summer session, and KIPP’s eighth-grade classes regularly outperform their district averages on standardized tests...

Author: By The Crimson Staff | Title: More is More | 9/30/2009 | See Source »

...Asia businesses continue to thrive. In the first half of 2009, its regional operations notched a pretax profit of $4.5 billion, more than half of it coming from Hong Kong alone. The bank is also continuing to expand in Asia. In China, where HSBC already has the largest branch network of any foreign bank, it is considering an initial public offering of stock on the Shanghai exchange. In May, HSBC completed its acquisition of Bank Ekonomi in Indonesia, almost doubling its number of outlets in that country...

Author: /time Magazine | Title: Why HSBC Is Returning to Hong Kong | 9/30/2009 | See Source »

...regional network of marine-mammal experts says the Langseth may have done more harm than good during its nearly four-month tour. The area where the ship was sailing is home to about 34 cetacean species, of which seven are fragile marine-mammal species, like the critically endangered Indo-Pacific humpback dolphin that lives along a 60-mile (100 km) stretch of Taiwan's west coast. "Seismic airguns are very loud, and under certain circumstances they can cause actual physical damage," says Rose. "When a species such as the humpback dolphin is already facing many threats and is hovering...

Author: /time Magazine | Title: Is Ocean Seismic Testing Endangering the Dolphins? | 9/29/2009 | See Source »

...transformational" changes. Policies in both the House and Senate versions of health reform seek nothing less than a remaking of the entire health-care industry - tying payments to outcomes, encouraging providers to work together, investing heavily in research to uncover which treatments work better than others and building a network to track the performance of individual doctors and regional health networks...

Author: /time Magazine | Title: Will Obama's Plan Really Deliver Health Savings? | 9/28/2009 | See Source »

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