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...Campos, even likened it to "a casino." But in the first eight months of this year, only 85 companies listed on AIM, compared with 201 in the same period a year ago - and almost twice as many have dropped off it. "Capacity is massively down," says Tom Nicholls, a partner at London law firm LG who specializes in matters related to AIM. The nomads themselves are now under financial pressure - their number has dropped from 80 to 69 - and the remaining ones are pessimistic; at a June conference, they were asked how long they thought it would take before...

Author: /time Magazine | Title: London's Gathering Storm | 10/9/2008 | See Source »

...consultancy Accenture. But nowhere other than New York boasts the combination of specially tailored office space and clustered expertise to challenge London's status. "I don't see how what is happening will upset London's position as the fulcrum of finance in Europe," says Marc Lhermitte, a partner at Ernst & Young in Paris who specializes in foreign-investment issues. And even in the worst-case scenario of continued market turbulence and a deep recession, the London economy has one crutch that won't be knocked down: huge government spending on preparations for the 2012 Olympic Games...

Author: /time Magazine | Title: London's Gathering Storm | 10/9/2008 | See Source »

...companies, such as Alcoa, have announced cutbacks as demand slows. "No area is totally immune, but it is going to be, if we are right, a bit more modest in Pittsburgh," says Stuart Hoffman, PNC's chief economist. From ground level, Bob Intrieri can see the same thing. A partner at Allegheny Steel Products, he sells industrial innards to the machine shops and factories in the region: forgings, hubs, steel bars, wire belts used in furnaces--the stuff the global economy runs on. "I call on power-generation shops, and those guys are busy as hell," he says...

Author: /time Magazine | Title: Finding One Economic Bright Spot on Main Street | 10/9/2008 | See Source »

...since the ability to flip people isn't at all going to stop an assassin's bullet. The real question begged by these clips from Let's Learn Judo with Vladimir Putin (and again, yes, this is a real DVD): Who is crazy enough to volunteer as his sparring partner? Just think what would happen if that guy in the blue robe reflexively, accidentally flipped Vlad instead of getting flipped. He'd probably up on the front lines in Georgia...

Author: /time Magazine | Title: Vladimir Putin Flips Out | 10/9/2008 | See Source »

Greg Robinson, who mentored Rajaram at PricewaterhouseCoopers, brought him in as a partner at Azur Partners LLC, in September 2003. Yet he viewed Rajaram as "an emotionally unstable person for as long as I've known him. He's always been a bit flamboyant, reckless." Their partnership didn't last a year. He says Rajaram was fired in June 2004 because of erratic behavior, including joining conference calls while inebriated and missing client meetings. Despite this, Robinson, CEO of Outpost Entertainment Inc., says he remained friends with Rajaram, though the two hadn't spoken since 2005. "He could have called...

Author: /time Magazine | Title: Murder-Suicide in California: A Tragedy of the Financial Crisis? | 10/8/2008 | See Source »

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