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...Though the leading companies in France have historically been run by a relatively small and delineated class of industrialists, analysts say that circle has, ironically, grown even tighter with the rise of globalization - and is now dominated by financiers. Analyses show that a disproportionate number of people sitting on the boards of the CAC 40 companies come from the country's largest and most influential corporations - mainly banks and financial firms - giving them considerable influence over the operations of the other companies. Four executives from the French bank BNP Paribas, for example, sit on the boards of 12 other...

Author: /time Magazine | Title: France's Boardrooms: Little Diversity at the Top | 1/22/2010 | See Source »

...were educated in the same institutions as those who have long dominated French politics: France's exclusive grandes écoles. These polytechnic, administrative and business graduate schools not only hone the intellectual mettle of the students they accept but also help them create the networks they'll need to rise to the highest circles of power. The problem is that the seats at these schools tend to go to the children of the élite, ensuring that power stays in the upper class - even in the same families - from generation to generation. (Read "Education Abroad: Breaking the Bachot...

Author: /time Magazine | Title: France's Boardrooms: Little Diversity at the Top | 1/22/2010 | See Source »

...second study, presented at a conference of the American Meteorological Association in Atlanta, says that whether or not the nature of hurricanes changes, the property damage they wreak in the U.S. will rise an average 20% over the next two decades because of the rising sea level caused by global warming...

Author: /time Magazine | Title: Studies Predict Fewer but Stronger Hurricanes | 1/22/2010 | See Source »

...hurricane frequency is not simply how much the Atlantic warms, but how it warms in relation to the rest of the tropical oceans. If it warms more than average, he says, you have an increase in storms. If it warms less, you have a decrease. The rise in Atlantic hurricanes that we have seen since 1980 or so, he says, is probably the result of exactly that kind of differential warming, not so much global warming overall. (See pictures of the effects of global warming...

Author: /time Magazine | Title: Studies Predict Fewer but Stronger Hurricanes | 1/22/2010 | See Source »

...reason for the rise is that more men are marrying women who make more money than they do, mainly because there are more high-income women to go around. In 1970, just 4% of men ages 30 to 44 had wives who brought in more bacon than they did. By 2007, more than a fifth (22%) of men in that age bracket had wives who outearned them. Members of this thriving demographic are effectively doubling their income or more when they wed, without doubling their costs. (See pictures of famous couples...

Author: /time Magazine | Title: Marriage: Husbands Get Richer, Bachelors Get Screwed | 1/20/2010 | See Source »

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