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...overall religious establishment, which controls the mosques, the judiciary and various education departments as well as the morality police. That would be difficult to do, says Saudi political analyst and author Mai Yamani, because the religious establishment, led by the descendants of the founder of Wahhabism, is effectively a partner in ruling Saudi Arabia. Yet Yamani is encouraged by the escalating public demands for the religious police to be more transparent. "It is not the beginning of the end, but it's the beginning of the pressure on the royal family to address this threat," she says. "Before, there...

Author: /time Magazine | Title: Vice Squad | 7/26/2007 | See Source »

...been seared into their brains, and have been evident in the Chinese investments in Barclays and Blackstone. Rather than trying to swallow big, high-profile Western firms in one bite, the Chinese are taking smaller, strategic stakes and working, in the case of the Barclays deal, with another prominent partner, Temasek...

Author: /time Magazine | Title: Enter the Dragon: China's Investments | 7/26/2007 | See Source »

That's one reason some private-equity players are going public, such as Blackstone Group and Fortress Investment Group. Others are resorting to deal jumping--busting in on another firm's deal with a higher bid, as Filmore Capital Partners did to Formation Capital in the Genesis Healthcare takeout. "There has never been a buyout market that has been this frothy," says Thomas Roberts, partner at Weil, Gotshal & Manges, a leading mergers and acquisitions (M&A) law firm. "[The cycle] looks like...

Author: /time Magazine | Title: Finance: A Private-Equity Peak? | 7/19/2007 | See Source »

...magnitude of deals-- in volume and size--is unprecedented, said Andrew Nussbaum, a partner at Wachtell, Lipton, Rosen & Katz, which has represented such firms as Apollo Management and Starwood Capital in LBO transactions. "There are many buyers for practically every seller," he said. All this has left private-equity players scrambling to find the next deal while they're still flush...

Author: /time Magazine | Title: Finance: A Private-Equity Peak? | 7/19/2007 | See Source »

...Vanderslice decided that the party was just not going to move quickly or boldly enough, and she set up shop on her own. She formed Common Good Strategies in July 2005 and recruited Price's staffer Eric Sapp, who has degrees from Duke in policy and divinity, as a partner in October. It was the first Democratic-tilted, faith-based political-consulting firm. They acted as matchmakers between candidates and receptive clergy and helped candidates navigate the Christian media markets and develop a message that crossed party and religious lines. Overall, Vanderslice and Sapp's candidates - including Michigan's Governor...

Author: /time Magazine | Title: How the Democrats Got Religion | 7/12/2007 | See Source »

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