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...ally than one coming from a government controlled sovereign wealth fund from China. "You have the [U.S. Treasury Department]asking the taxpayers to absorb all the bad debts from these banks' balance sheets," says a western banker who occasionally advises the CIC, "and then you're going to turn around and sell more of the bank to the Chinese government? That wasn't going to fly in Congress...

Author: /time Magazine | Title: Japan to the Rescue of Ailing US Firms | 9/23/2008 | See Source »

...last 20 years, French companies and workers have taken a very serious turn towards free markets and competition, which has made people more comfortable in trusting business and economic forces," says Jacques Bille, a senior civil servant and former political adviser. "But when trouble arises, that French individual goes into collective mode and expects the state to intervene and safeguard stability. That attitude has differentiated us starkly [from the Americans], until...

Author: /time Magazine | Title: No Gloating in France on Finance Crisis | 9/23/2008 | See Source »

...Flight A singles draw. Davis and Gridley both lost in their first match, but Jania flew through the tournament and captured the singles title. “Camille is an energetic player,” Green said. “She was sick last week, but managed to turn things around and bring her ‘A’ game.” In the Flight B singles draw, sophomore Margarita Krivitski, captain Rachel Gottlieb, and freshman Louise Laciny each fell in their first match. This fall, the Crimson will try to get its freshman battle tested in preparation...

Author: By Jake I. Fisher, CRIMSON STAFF WRITER | Title: Veteran Players Post Strong Play | 9/22/2008 | See Source »

...government. She already faces one handicap: she emerged as Kadima chairwoman after a bruising leadership battle that has left her party divided. Livni has 42 days to form a new coalition representing 61 of the 120 Knesset seats. If she fails, under Israeli law, President Peres will turn to another politician - most likely Benjamin Netanyahu of Likud, the conservative opposition party - to see if he fares any better. If not, Israel could face general elections within 90 days...

Author: /time Magazine | Title: What Olmert's Resignation Means for Israel | 9/22/2008 | See Source »

Next, Livni will turn her brusque charm on Shas, the ultra-orthodox party that was the most problematic member of Olmert's coalition. Shas was the main obstacle to Olmert's attempts to make peace with the Palestinians, and its leaders have already warned Livni that they will not join a coalition that divides Jerusalem into a capital for both Israelis and Palestinians. This will leave Livni as hamstrung as Olmert was in trying to follow the U.S.-sponsored road map for peace...

Author: /time Magazine | Title: What Olmert's Resignation Means for Israel | 9/22/2008 | See Source »

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