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...services outpaced that of conventional banking during the past decade. "Most observers agree on an annual growth rate of 10%," says Anouar Hassoune, a Standard and Poor's analyst in Paris. "Total assets now managed by ifis are close to $300 billion, while Islamic equity funds and off-balance-sheet investment accounts are conservatively estimated between $15 billion and $30 billion." Taken together, that's roughly the equivalent of Russia's gross domestic product. No wonder Western banks are eager to capitalize on this lucrative market. While Bahrain's Noriba is operating exclusively under Shari'a principles, several others - HSBC...

Author: /time Magazine | Title: Banking On Faith | 12/8/2002 | See Source »

...Given Li's record as a dealmaker and the company's solid balance sheet, many of Hutchison Whampoa's minority shareholders are giving Li the benefit of the doubt, despite the swirling pessimism. Indeed, management conviction seems to be the only thing that matters?and few expect Li to blink. "3G is a long-term investment for them," says Paolo Pescatore, an analyst at research firm IDC. At least until they get a better offer...

Author: /time Magazine | Title: 3G Glasses | 11/25/2002 | See Source »

Most of Harvard’s recent success against Cornell has come when the Crimson has taken advantage of its athleticism and speed on its forward line. Lake Placid’s olympic-size sheet is larger than the standard college rink, and Harvard exploited this difference effectively last year with swift, well-timed puck movement...

Author: By Samita Mannapperuma, CONTRIBUTING WRITER | Title: Rivalry Renewed: Men's Hockey Faces Cornell, Colgate | 11/22/2002 | See Source »

Kentridge’s animation style is unique. Rather than drawing individual cells, he makes a charcoal sketch on one large sheet of paper and photographs it. He then modifies the sketch slightly, rubbing out old images and drawing in new ones, again photographing the result. Movement is produced by stringing together a line of these pictures. The result is animation in which the old images are never fully erased; a piece of paper flying across the sky retains a faint shadow of itself dangling in its wake...

Author: By Margot E. Kaminski, CRIMSON STAFF WRITER | Title: Primary Motion | 11/14/2002 | See Source »

...bottled too early. Still, he declares it “pretty commendable” and notes a “nice apple aroma” and a “good balance of sweetness and tart apple skin.” One of the judges scribbles on the judging sheet: “Well done!” Morange thought the judging went well...

Author: By Kenyon S.m.weaver, CRIMSON STAFF WRITER | Title: The 1st Annual Harvard Beer-Brewing Competition | 11/7/2002 | See Source »

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