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...says Brian Waterhouse, an equity analyst at HSBC Securities in Tokyo. Mizuho president Maeda has said that he is looking at foreign and domestic investors alike. Most likely, he'll have to sell preferred stock to the bank's own customers and close business partners. This will perpetuate a pattern of cross-ownership between banks and affiliated companies that is one of the toxic hallmarks of the Japanese economy and a major impediment to meaningful reform. The practice of banks having their borrowers as shareholders practically guarantees conflicts of interest. "Unfortunately," says Katsuhito Sasajima, an analyst at UBS Warburg...

Author: /time Magazine | Title: Too Big to Fail? | 1/27/2003 | See Source »

...equally chilly economic climate in his pursuit of a bargain. He is unfazed by the downturn that has led some economists to predict France's GDP growth could be as low as .9% in 2003. "I'm not worried," he says. "I still have the same spending pattern as always." But many government and industry types are plenty worried. Beset by feeble growth and preoccupied with the possibility of war with Iraq, the euro zone's major economies are stuck in an economic rut - one from which, at least in the short term, they look unlikely to escape. Business investment...

Author: /time Magazine | Title: Marking Down the Future | 1/19/2003 | See Source »

...becoming contractor, importer and wholesaler, Wal-Mart expects not only to save money on the buy but also to cut down on inventory by speeding up the supply lines. Wal-Mart gets most of its towels from India, and today it reorders once a month. If one pattern gets hot and sells out early, sales are lost. In going direct, however, Wal-Mart will make the factories in India part of its Retail Link system. That allows vendors like Sara Lee (Hanes underwear, Bryan bacon) to dip into Wal-Mart's computers and track sales and replenish supplies constantly...

Author: /time Magazine | Title: Can Wal-Mart Get Any Bigger? | 1/13/2003 | See Source »

...When you piece all this together, there is a pattern of significantly moving towards restricting civil liberties,” he said. “They are crossing what had been a line of principle—the principle of democracy...

Author: By Jessica E. Vascellaro, CRIMSON STAFF WRITER | Title: FAS Won’t Align Science Research Rules to Fed. Law | 1/13/2003 | See Source »

...though, I am beginning to wonder. Taken in isolation, Frierson’s op-ed and the Vaux incident are, perhaps, forgettable. Considered in each other’s context, they seem to evince a disturbing pattern of willingness, if not eagerness, to make bogus, race-baiting accusations...

Author: By Zachary S. Podolsky, | Title: Quit the Race-Baiting, Kuumba | 1/6/2003 | See Source »

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