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...sold the firm to Bank of America in an all-stock transaction worth about $29 per share for Merrill shareholders - which means Temasek could walk away with about a 20% return should it sell it shares. The Temasek deal last December, banking sources say, taught everyone in the region a lesson: If you're talking to Wall Street, drive as hard a bargain as you possibly can - or walk. They need you much more than you need them...

Author: /time Magazine | Title: Why China Won't Come to the Rescue | 9/19/2008 | See Source »

...take on modern events, as he identifies the way countries like China and India have attempted to portray their growth as peaceful rather than threatening. As I finished reading “The Post-American World,” my three-semester falling-out with the Asian region, ignited by my inability to learn the Chinese language, came to an end. This fall, I set out to complete a secondary field in East Asian Studies. Learning a language is thankfully not required. —Andres Arguello

Author: By Andres A. Arguello, CRIMSON STAFF WRITER | Title: Summer Reading: The Post-American World | 9/19/2008 | See Source »

...killing at least 51 people in 10 states and leaving millions without power. Heavy rains caused flooding along the banks of the Mississippi and Missouri rivers. In Texas, thousands of residents crowded into shelters and hotel rooms paid for by fema, many expecting to stay for weeks. Throughout the region, evacuees waited in long lines for food, water...

Author: /time Magazine | Title: The World | 9/18/2008 | See Source »

...took a while to get started,” she said. But she added that a newfound sense of community has emerged in Houston as “a lot of neighbors are helping each other out” in this time of crisis. Many in the storm-prone region did not expect Ike, a Category 2 hurricane, to wreak so much havoc. While Akinfenwa said that his family boarded up the windows for Hurricane Rita in September of 2005, they did not do so for Ike. In preparation, Kodama’s family had only bought food...

Author: By Hyung W. Kim, CRIMSON STAFF WRITER | Title: Hurricane Ike Cuts Links to Home | 9/18/2008 | See Source »

...poll by the Baylor University Institute for Studies of Religion. In a poll of 1700 respondents, 55% answered affirmatively to the statement, "I was protected from harm by a guardian angel." The responses defied standard class and denominational assumptions about religious belief; the majority held up regardless of denomination, region or education - though the figure was a little lower (37%) among respondents earning more than $150,000 a year...

Author: /time Magazine | Title: Guardian Angels Are Here, Say Most Americans | 9/18/2008 | See Source »

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