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...benefit to those rivals. With the acquisition of Citi's Salomon Smith Barney, Morgan Stanley now has the largest brokerage force in the nation. And while Morgan has gotten out of some trading businesses, it is expanding its retail banking business. Executives at Bank of America and Wells Fargo say there are no plans to sell off major pieces of those banks...

Author: /time Magazine | Title: The Citi Sale That Never Ends | 10/12/2009 | See Source »

Whatever the exact biological pathway, for doctors like Harrison, the findings have practical relevance: they reinforce the importance of getting a flu shot, especially for pregnant women, many of whom say they are reluctant to receive the new 2009 H1N1 vaccine. "I am already 37 weeks into my pregnancy and haven't fallen sick and have been healthy all along, and I don't see the point of introducing a foreign body into my body," says first-time mother Laurie Koch-Smith, 41, in Westchester County, New York, who says she thinks the risk of H1N1 infection has been overhyped...

Author: /time Magazine | Title: Side Effects of 1918 Flu Seen Decades Later | 10/12/2009 | See Source »

...against a declining U.S. dollar; Daley said the U.S. consumer, who has been the world's most important, was spent as an economic force. The severity of the criticism became so uncomfortable that one Chinese audience member took hold of a microphone and said: "You don't have to say bad things about the United States...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...fully aware that American hubris and misjudgment - lots of both - have gotten us into the mess we're in. Yet at the same time, I must honestly say I'm proud of America's global achievements. Behind U.S. global expansion was an ideal of a world based on free enterprise, mutual prosperity and open societies. It was that ideal that brought my Holocaust-survivor grandparents through Ellis Island in 1949 in the hopes of rebuilding their lives and finding better opportunities for their 3-year-old daughter - my mother. These ideals have too often been trampled by greed or myopic...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...growth have been the mantra for Asia for the past quarter-century. But the endgame of sustained economic development and rising prosperity continues to be a moving target. Developing Asia has enjoyed spectacular success in the decade after the wrenching financial crisis of the late 1990s. But, as they say in the investment business, a track record of success is no guarantee of future performance. The current global recession is an important wake-up call for Asia - a not-so-subtle hint to find a new recipe for its growth model. The Next Asia that emerges from this transition will...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

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