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...never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan, he was in charge of revamping the firm's brokerage division, and recently integrating the Smith Barney acquisition. Observers say Gorman's background will likely move Morgan further away from its roots...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

...Insiders say that Guardian editor Alan Rusbridger had another reason to consider axing the Observer: to strengthen the Guardian's brand by making the daily a seven-day-a-week operation like its acclaimed news website. Moreover, the Guardian and Observer cultures have never fully meshed. The Guardian, a great newspaper, sometimes gives off a distinct whiff of sanctity. The Observer is more irreverent. It controversially supported the Iraq war, which the Guardian opposed. There's nothing so bitter as a disagreement between liberals...

Author: /time Magazine | Title: After 208 Years, Is Britain's Observer Near the End? | 9/22/2009 | See Source »

...things turned out, Hayden's school reopened about a week later. To make up for the lost time, school officials canceled final exams. With that, Hayden's classmates found it in their hearts to forgive him. The summer brought a new consensus about H1N1 flu to Cibolo. "Now people say, 'Ah, it's no big deal. They blew everything out of proportion,' " says Patrick, who's still a bit mystified by the whiplash of reactions - from paranoia to complacency in a fortnight...

Author: /time Magazine | Title: Learning to Live with Fear of the Flu | 9/22/2009 | See Source »

...risk-benefit equation as they have about the virus. Dr. Karen Remley, health commissioner for Virginia, has noticed that most people seem to fall into one of two categories when it comes to H1N1. "There's a group of people who think it's all gone and over," she says. "There's a group who say, 'Armageddon is going to happen!' The trick is getting people to the middle." Research into human decision-making has shown that if people feel as though they can influence their destiny, they tend to make smarter choices. But if authorities warn them...

Author: /time Magazine | Title: Learning to Live with Fear of the Flu | 9/22/2009 | See Source »

...public discussion and independent journalism in Cuba by the start of the 21st century - enough so, he writes, that an alarmed Fidel Castro cracked down with sweeping arrests of dissidents and writers in 2003. Despite that setback, exchange advocates feel it's time to start again. The point, they say, is that even if Juanes meant nothing by shouting "Cuba libre!," it was enough if he got some of those 1 million Cubans wondering what he did mean...

Author: /time Magazine | Title: Cuba's Mega–Rock Concert: A Win-Win for Juanes | 9/21/2009 | See Source »

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