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...time being, Citi's M&A team appears unaffected. Shafir says none of the hundred bankers who work in his division have left the firm on their own. And the firm is expected to rank among the top global M&A advisers when the so-called League Tables that rank investment banks come out for the first quarter of 2009 in the next week...

Author: /time Magazine | Title: Citigroup's Mergers Business Is Still Thriving | 3/27/2009 | See Source »

...both undermanned and overmiked, sometimes drowning out the singers; in a couple of the early numbers, I couldn't be entirely certain they were working from the same sheet music. What's more - a heresy to even suggest - I wonder if this score really belongs in the very top rank of American musicals. The jazzy, modernist, Gershwinesque rhythms of some of Bernstein's music - "The Jet Song," "America" - are still striking and original. But is there a duller love ballad in any major American musical than "Maria" ("Maria! I've just met a girl named Maria"), or its Muzak-ready...

Author: /time Magazine | Title: Is West Side Story Overrated? | 3/25/2009 | See Source »

...Convincing Laborites to join ranks with their longtime ideological rivals on the right was a tough sell for Barak. During his speech at the party convention in Tel Aviv, Barak's voice sounded squeaky and defensive. He called for "national responsibility," but this was dismissed by booing younger cadres as rank opportunism - Barak wanting to hang on to his berth as Defense Minister at the expense of his party's ideals and character. As Labor secretary Eitan Cabel told TIME, "The ambitions of Barak are killing the Labor Party, and I told him that...

Author: /time Magazine | Title: Can Labor and Likud Govern Israel Together? | 3/25/2009 | See Source »

...India's hesistance to adopt an entrepreneurial spirit: "When it comes to the full force of Indian regulation, India is still not a very business-friendly country, and we rank far below Pakistan and China in the ease of doing business. The regulations that remain hurt the small entrepreneur and the first-time businessman the hardest. Money in particular has been a touchy subject...

Author: /time Magazine | Title: Imagining India: A Manifesto by the Bill Gates of Bangalore | 3/23/2009 | See Source »

...will probably cause many of them to simply give back the TARP money sooner than they probably should, to avoid losing their best people to foreign banks, boutique firms or hedge funds that can pay bigger bonuses. "The week's events will cause a brain drain of salespeople, rank and file and middle management to non-TARP companies," said Scott Talbott, vice president of the Financial Services Roundtable, which represents Wall Street's interests in Washington. "The loss of these employees will weaken TARP companies." The compensation crackdown already has other private sector players thinking twice about partnering with...

Author: /time Magazine | Title: The AIG Backlash: Has Congress Flipped Out? | 3/20/2009 | See Source »

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