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...jobs will be tougher to come by and profit margins will certainly be lower,” Donaldson continued, “but the system of financial intermediaries will not disappear...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Business School Marks 100 Year Anniversary | 10/13/2008 | See Source »

...coming downturn is already shaping up as different - and tougher - than some previous ones. That's because the financial crisis is taking place at the same time as a real estate downturn, a conjunction that is unusual; in the past, one has often followed the other, but it's rare for them to happen simultaneously. And the problems are being exacerbated by an explosion of household debt in Britain over the past decade, which now leaves people especially vulnerable. Buoyed by rising property prices, households ratcheted up their borrowing to a massive 173% of disposable income...

Author: /time Magazine | Title: London's Gathering Storm | 10/9/2008 | See Source »

...Among Equals, No Longer First Wherever the debate over ideas leads, it's clear that some things will never be the same. Wall Street's primacy as the world's capital of capital won't disappear, but it will face even tougher challenges not just from London but also from regional financial centers, including Dubai and Singapore. And since financial services are such an important part of the U.S. economy, accounting for a massive 15% of New York's alone, any diminishing of its status as a financial center will have big repercussions on jobs. The dollar too may lose...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

...result, "to a large degree we're counting on young African-Americans," who connect with Obama more readily than their parents or grandparents do, "to bring the black vote up to where we need it in Florida," says an Obama campaign official. Obama faces a tougher time with Latinos, who according to a recent poll favor McCain in Florida by 51% to 41%. Again, Obama is counting on younger Latinos like Esteban Morera, 18, a Miamian and UCF freshman, to keep him competitive in that community. Morera says he was undecided until McCain selected Palin last month. "It helped confirm...

Author: /time Magazine | Title: Young Voters Could Be the Deciding Factor in Florida | 10/8/2008 | See Source »

...finds himself defending the historical accuracy of his own World War II movie, Miracle at St. Anna, and this time he is up against real-life fighters who may be even tougher than Dirty Harry. Surviving members of Italy's underground anti-Nazi resistance movement are angry over the film, a fictionalized account of the travails of the 92nd Infantry Division - the black GIs known as Buffalo Soldiers - as they helped liberate Italy. The film includes a portrayal of the Nazis' infamous 1944 slaughter of some 560 Italian civilians in the Tuscan town of Sant'Anna di Stazzema...

Author: /time Magazine | Title: Spike Lee vs. the Italian Resistance | 10/1/2008 | See Source »

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