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...While foreign banks gear up and local private banks seek partners, Vietnam's state-run banks are also adapting. Four are set to be partially privatized this year and will list on the stock exchange, beginning with Vietcombank in a few months, according to Le Duc Thuy, governor of the State Bank of Vietnam, the country's central bank. State-owned players are getting additional help from the government: in April, Hanoi plans to raise charter-capital requirements for banks from $5 million to $70 million. The move is being made to ensure banks are financially sound, but in effect...

Author: /time Magazine | Title: Open Season | 4/19/2007 | See Source »

While private equity plodded along, Silverman built HFS into one of the stars of the 1990s stock-market boom. The company expanded into real estate, then rental cars (Avis). Its share price rose almost 2,000% in four years, and Silverman's net worth rocketed toward $1 billion. He was hailed as a genius. Then, in 1997, he merged HFS with direct-marketer CUC to form Cendant. CUC was an e-commerce pioneer, giving Silverman a tangential link to the Internet bubble. Under CEO Walter Forbes, now awaiting jail, CUC was also a pioneer at fabricating earnings, Silverman later discovered...

Author: /time Magazine | Title: Taking Henry Silverman Private | 4/19/2007 | See Source »

Alcohol Edu’s case studies are, to put it bluntly, stupid and insulting. Their use of stock stereotypes is repulsive. The blond semi-anorexic sorority girl? The black athletics recruit? Please. Spare me. Do I care that some imaginary red-haired girl is worried that after a drunken one-night stand with a sketchy upperclassman, she might have an infection in her nether regions? Watch out, kids—especially if you’re female! Drunken sex with strangers is bad and will give you nasty diseases...

Author: By Sanders I. Bernstein | Title: A Waste of Time | 4/18/2007 | See Source »

...addition to the large network of veterans, financial aid packages draw a handful of military officers every year. “Harvard was very generous in helping me fund the tuition, and that made the difference, since no one comes out of the military with a pile of stock options,” said Nathaniel C. Fick, an MBA candidate at the Business School. Fick left the Marines as a Captain and earned a Master’s degree in International Security Policy from KSG. He has become something of a veteran celebrity on campus after his book...

Author: By Charles R. Melvoin, CONTRIBUTING WRITER | Title: Here from Over There | 4/18/2007 | See Source »

...while U.S. authorities have thwarted Gates' subjugation of the PC software business in recent years, Mexico has done precious little to rein in ubiquitous business empires like Slim's - which today accounts for almost half the Mexican stock exchange's $370 billion value and controls a horde of industries ranging from telecom to tobacco. Forbes magazine, in fact, noted that Slim's holdings alone represent about 7% of Mexico's GDP - and that if Gates held a similar share of the U.S. economy, he would be worth $874 billion...

Author: /time Magazine | Title: Why Not All of Mexico Is Happy for Carlos Slim | 4/14/2007 | See Source »

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