Word: shih
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...Taiwan President Chen Shui-bian is seeing red these days, he can blame Shih Ming-teh. Shih was once chairman of Chen's Democratic Progressive Party (DPP). But for weeks now he has been leading crimson-clad demonstrators in protest to force the President to resign over corruption allegations against him, his aides and his relatives (they deny any wrongdoing). Shih, 65, spoke with Time's Natalie Tso about Chen, Taiwan's democracy, and his "red revolution...
...ought to finish the remaining 20 months of his term. After all, there has been no evidence to tie the President directly to any wrongdoing, and the notion of circumventing democratic institutions to oust a sitting leader makes many Taiwan citizens uneasy. But the pressure on Chen is mounting. Shih Ming-teh, a former DPP chairman, has raised more than $3 million to fund a series of mass protests in front of the Presidential Building starting Sept. 9. If the demonstrations gain momentum, Chen may start to ask himself some difficult questions...
...trillion in assets under management, had just 153 private bankers in Asia Pacific six years ago; earlier this year that number reached 600, most of them working in Hong Kong and Singapore. "By 2015, we expect the Asia-Pacific market to be bigger than the European market," says Kathryn Shih, the Hong Kong-based head of UBS's wealth-management operation in Asia Pacific. "The opportunities are huge." Says Sebastian Dovey, managing partner of Scorpio Partnership, a London-based consultancy to the wealth-management industry: "Asia Pacific is where most private banks are placing their bets right...
...rates in an effort to revive economic growth. With returns on savings deposits falling to around 1% (or even lower in Japan), Asia's wealthy were roused to seek alternatives. Today, they tend "to expect a lot more return from their investments" than investors do in other regions, says Shih of UBS. Clive Bannister, the London-based CEO of HSBC Group Private Banking, notes that Asians are more "hands-on" in their investment decisions than the bank's European clients?and less willing to wait for returns to be realized. "There is no doubt that the investment time horizon...
...Pedersen, and Rowena H. Potts.The prizewinners in Kirkland House are Kristian J. Bergen, Robert L. Cohen, Christine S. Y. Kim, Om L. Lala, and Anica C. Law.Leverett House had the most Hoopes this year with ten winners: Luke M. Appling, Stephen Y.M. Fan, Elizabeth W. Green, Jessica J. Kim, Shih E. Lu, Julian M. Rose, Lisa L. Shu, Kelly Shue, Daniel B. Williams, and Emily C. Zazulia, and Lowell House also has a strong showing in Maggie Cao, Caitlin A. Donovan, Oscar Hernandez, Elizabeth M. McMillen, Sandra L.C. Wong, and Xiaolong Zhou.Mather House had nine successful applicants: Hana R. Alberts...