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...profits in China increased sixfold, to $161 million, in the first half of 2005. As a sign of its renewed influence in the Middle Kingdom, the bank resides today in a new skyscraper called HSBC Tower in Shanghai's up-and-coming financial district of Pudong, across the Huangpu River from the bank's old, domed office on the Bund. "We've been here 140 years, and we'll be here another 140 years, at least," says Richard Yorke, CEO of HSBC in China...

Author: /time Magazine | Title: banking: The Bank That Ate the World | 1/22/2006 | See Source »

Missouri's new restriction concerning minors is already having an impact. Missouri has become the first state to extend its parental-notification law beyond its state line, a move aimed across the Mississippi River at the Hope Clinic, a low-slung building that sits amid a vast industrial park in Granite City, Ill. A recent morning found a security guard posted out front and a waiting room filled with anxious-looking young women, along with a few boyfriends, husbands and children. Because Illinois has no parental-notification law, Hope Clinic had been the easiest option for Missouri teens seeking...

Author: /time Magazine | Title: Where The Real Action Is... | 1/22/2006 | See Source »

...GREATEST Typically, Chan Marshall, a.k.a. Cat Power, creates a few bars of something gorgeous and then lets her songs descend into frustrating torpor. But here music's reigning masochist drifts into Memphis and finds some much needed structure. The title track opens with a fleeting musical quote of Moon River and proceeds to tell the riveting--and neatly resolved--tale of a boxer. Empty Shell, a title that once might have been descriptive of her style, has a jaunty, optimistic streak. And it doesn't hurt that the album is full of great playing from River City legends Teenie...

Author: /time Magazine | Title: 5 Voices You Need To Hear | 1/22/2006 | See Source »

...Winthrop St. hangout, seems to have perfected the recipe. Or, at least, so hopes the Cowperthwaite Street Project Team. To make up for the bedrock-shaking noise of the construction in the former parking lot between Dunster and Leverett Houses, the project team offered residents of the three East River Houses free Pinocchio’s pizza on Tuesday, Wednesday, and Thursday of last week. We tried lining our windows and floors with the pies before concluding that: 1) pizza is not a good sound insulator; and 2) we were meant to eat it. The project team may want...

Author: By The Crimson Staff, | Title: Pizza in Our Time | 1/22/2006 | See Source »

...right--and both collapsed." The left-wing Labor Party's vision, of negotiating a two-state settlement with the Palestinians, was rendered irrelevant by the failure of successive 1990s peace negotiations. Meanwhile, the vision of the old Likudniks--of a Greater Israel, stretching from the Mediterranean to the Jordan River--has been rendered just as untenable by the rapid growth of the Arab population in the Palestinian territories, which would eventually make Israel an apartheid state, with a Jewish minority ruling over an Arab majority. Sharon and Olmert accepted that reality before most others on the right did. "We cannot...

Author: /time Magazine | Title: Israel's Quiet Crisis | 1/17/2006 | See Source »

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