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Suzan Sabanci Dinçer is all too familiar with banking crises and their devastating effects. A scion of one of Turkey's most famous business dynasties, she is chairwoman of Akbank, the country's biggest privately owned bank. Back in 2001, she lived through a meltdown of the Turkish banking system and a terrifying 9.5% one-year drop in gross domestic product. Akbank posted a big loss that year, but at least it escaped a worse fate: almost half of the nation's 80-plus banks disappeared...

Author: /time Magazine | Title: Turkey's Wild Ride | 10/22/2008 | See Source »

...attack by Iraq-based Kurdish rebels killed 17 Turkish soldiers and reignited the long-simmering feud between the Kurdistan Workers' Party (PKK) and the Turkish government. The nation retaliated with air strikes against PKK targets, and on Oct. 8 Turkey's parliament voted for a one-year extension of its mandate to launch cross-border military operations against Kurdish rebels in Iraq...

Author: /time Magazine | Title: The World | 10/9/2008 | See Source »

Before the market opened - a day before the one-year anniversary of its record high - Sal Buccellato, a currency trader with Gallant FX, warned that not everyone was going to enjoy the end-of-the-year holidays, but he was more optimistic over the long term. Buccelato - who said he made money during the bloodletting - saw a silver lining even for those who lose their jobs. "They'll take a nine-month vacation and the government will pay for that, too" - referring to severance packages, unemployment benefits, unused time-off and other subsidies that would come their way. Greg Barton...

Author: /time Magazine | Title: The Down-Up-Down Day on Wall Street | 10/8/2008 | See Source »

...Instead, he settled on Harvard after pulling out of his commitment from Colorado with the departure of its previous coach. As a true freshman, Clarke played in eight games as a kickoff and punt return specialist. During his sophomore year, Clarke completely disappeared from the football scene, serving a one-year undisclosed suspension. This year, however, Clarke’s services will be called upon, and Clarke remains intent on providing them. “Like Levi, Mike just has so much pure speed and athleticism. I’m definitely excited to see what...

Author: By Kevin T. Chen, CONTRIBUTING WRITER | Title: New Corps Steps Up in Time of Hurt | 10/8/2008 | See Source »

...fields of medical engineering and health care strategy—received this year’s HBS Life Sciences Fellowships, the school announced last month. The award, which was established this past January, provides first-year MBA students who have a background in the life sciences with a one-year, $20,000 grant. The grant does not affect the winners’ eligibility for need-based financial aid from the Business School. Michael T. Derse, one of this year’s recipients who graduated from Stanford in 2004 with a degree in mechanical engineering, became interested in designing medical...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Names First Life Sci. Fellows | 10/5/2008 | See Source »

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