Word: partnering
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...when it comes to teaching their kids about money. Private banks are increasingly offering programs to educate the scions of high-net-worth customers in the finer points of financial management. "People tend to assume that if you have wealth, you have knowledge of wealth," says Sebastian Dovey, managing partner at Scorpio Partnership, which in August helped Swiss bank UBS roll out Dialogue, a new financial-education service. But having money and being savvy about it are "not directly linked," he says. Another such program is Citi Private Bank's annual NextGen conference, which has been held in Singapore...
...aimed at returning South Korea to rapid growth. Not only did the economic crisis make his campaign promises sound hollow, the President and his policy team came under heavy criticism for reacting too slowly to stem the turmoil. "The problem has become deeper than necessary," says Charles Chang, managing partner of Seoul-based boutique investment-banking firm Accolade. "It is the failure of the government." Chang believes policymakers did a poor job of building confidence among foreign investors to calm markets...
...Unistraw's Tim York says partner Danisco has the results of extensive studies showing the health benefits of its strains. He believes people will buy the bug-laden straws because they work. "You will feel a benefit," he says, "or you'll stop...
...Changzhou says it relies on two companies--its joint-venture partner, Changzhou Techpool, as well as a Hangzhou-based firm, Ruihua Biomedical Products Co.--to buy its crude heparin. Strunce has described them as meticulous in ensuring the quality of the crude heparin they buy for SPL. But several small suppliers told TIME they have sold directly to SPL or have been approached by the company, looking for product. And when FDA inspectors showed up in Hangzhou this year, after reports of a spike in deaths and illness, Ruihua Biomedical stiff-armed the investigators. It refused to let them inspect...
...getting a number of calls from financial firms who want to know if they should convert to bank-holding companies," says Randall Guynn, a partner at law firm Davis Polk & Wardwell. "But if you start to add all of these companies to the list, then I am not sure there is enough money to go around." See TIME's Pictures of the Week...