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...became head of the bank just three months ago, helped engineer a turnaround of the bank's retail business and lending to mid-sized businesses, Germany's famous Mittelstand that forms the backbone of its economy. Blessing, a hobby marathon runner who had hoped he would be able to rebuild Commerzbank at a less hectic pace, realized that in the current financial crisis the opportunity to take over rival Dresdner may not come again...

Author: /time Magazine | Title: The German Merger Against the Odds | 9/1/2008 | See Source »

...everyone here, gas was another major concern as stations quickly ran out of fuel and began turning customers away. Ronald Aldridge, traveling from Hammond, La. with his family of eight, stopped at one of the few gas stations to rebuild in Pass Christian, Mississippi, which was devastated by Katrina and is still struggling to recover. Last time, the Aldridges fled to Lafayette, Louisiana, returning to find their home swept away. Today, they're headed to Destin, Florida, hoping they fare better with Gustav. "It's getting a little too close," Aldridge said. "We didn't want to stay through...

Author: /time Magazine | Title: Waiting for Gustav on the Gulf | 9/1/2008 | See Source »

There are already about $1 billion worth of projects on the books to divert sediments, restore marshes and rebuild barrier islands. But those projects are moving much, much slower than the levee projects, and scientists have estimated that real restoration could cost $20 billion or more. "Coastal restoration is just one of those things that politicians say, like 'I owe it all to my lovely wife,'" Houck says. "Meanwhile, we keep building up the coast, no matter how many times we get hit on the chin. At some point the American public is going to stop paying for chin surgery...

Author: /time Magazine | Title: Can Louisiana Take Gustav's Punch? | 8/29/2008 | See Source »

...Heckling and boos will not bring back the dead, nor rebuild houses destroyed by Mugabe's goons, nor fix the once vibrant economy he has crippled. But the extraordinary protest - Mugabe affected not to notice his hecklers, speaking on quickly but sternly though few could hear him - was, nevertheless, a direct jeer at the man who has ruled for almost three decades, a kind of national hiss after years of beatings and frustration...

Author: /time Magazine | Title: Moment: Harare | 8/28/2008 | See Source »

...grandparents on flights to Dallas, where they'll stay with relatives. I reserved hotel rooms for my folks in Alabama in case they need them. My mom is a hard-core Barack Obama supporter who wants to hear him say at Denver's Invesco Field "We're going to rebuild New Orleans, at whatever cost, whatever it takes...

Author: /time Magazine | Title: Forgetting New Orleans | 8/28/2008 | See Source »

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