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What was up is now down and the other way around, and it's going to stay that way for some time. Former powerhouses such as Bank of America and Citicorp have turned into shadows of their former selves as they shed assets and withdraw from foreign markets. Meanwhile, lenders in China and India that are little known outside their home countries now have the wherewithal to expand internationally. They have the potential to become the Citicorps of tomorrow. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Why China's Banks Are Stronger than America's | 6/3/2009 | See Source »

...answer this, we need some history. Today’s departments didn’t always exist in their current form. Most of them coalesced late in the nineteenth century, as many U.S. universities shed their religious underpinnings and picked up the German style of higher education. Departments, in turn, were linked to the emergence of modern disciplines. It’s easy to track the founding of disciplines. Just check the date of the major academic journals: the Political Science Quarterly (founded 1886), American Anthropologist (1888), The American Historical Review (1895), and so on. Departments were invented to house...

Author: By Daniel L. Smail | Title: Shuffling the Deck | 6/2/2009 | See Source »

Distorted Reflection Beppe Severgnini is right that in order to get rid of Berlusconi, the media-mogul Prime Minister, Italians must first learn to shed the Berlusconi inside them [An Italian Mirror, May 11]. So, what are we waiting for? Marco Guizzardi, BOLOGNA, ITALY...

Author: /time Magazine | Title: The TIME 100 | 6/1/2009 | See Source »

Moreover, while the drones may seem a technological marvel and strategic asset to those waging the campaign on the American side, they don't impress the local tribesmen. On the contrary, they feed a perception that the U.S. is a cowardly enemy, too frightened to shed blood in battle. "The militants say that if the Americans want to come and fight, they should fight them face to face," says Mahmood Shah, a retired brigadier who was once the top Pakistani official in FATA. Shah, a Pashtun himself, says the families of the drones' victims are required under the tribal code...

Author: /time Magazine | Title: The CIA's Silent War in Pakistan | 6/1/2009 | See Source »

...some outside observers may agree with Gounord's claims of French intolerance toward religion. France's 1996 list of dangerous cults, for example, contains 172 groups, including Jehovah's Witnesses, Hare Krishnas, the Worldwide Church of God, the Unification Church and even transcendental meditationists - all of whom have largely shed their cult status...

Author: /time Magazine | Title: Scientology Trial in France: Can a Religion Be Banned? | 5/28/2009 | See Source »

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