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...debacle that it's about to launch a bid it had contemplated even before the Kerviel affair. Meanwhile, comments by French officials indicating the government would step in and prevent foreign "predators" from exploiting the Société Générale fiasco drew fire from European Union authorities. Mistral suggests that BNP's shot across the bow was a boon for the government: "by signaling to rivals abroad that French banks are already on the case, BNP saves President (Nicolas) Sarkozy and his advisors the trouble of noting that foreign suitors need not apply...

Author: /time Magazine | Title: Rivals Eye SocGen Buy-Out | 1/31/2008 | See Source »

...rising fuel prices shut down the capital. Kathmandu residents face at least six hours of power cuts a day. The government has been unable to raise Nepal's middling growth rate, which hovers around 2%, and funds many of its programs on an IV drip of foreign aid. Trade-union activism and general strikes, some suspect spurred in part by the YCL, disrupt factories in outlying areas and basic services in the cities. During Christmastime around Kathmandu, sanitation workers had been agitating for over three months. Piles of garbage festered around every cobblestoned corner of the city, visceral reminders...

Author: /time Magazine | Title: Rebels with a Cause | 1/31/2008 | See Source »

...latter-day Perotistas. And Mitt Romney is too hedge fund. If either of them won the Republican nomination, a souped-up Perot could win over downscale Republicans who like Mike Huckabee's anti-corporate populism. And he might pick up a few John Edwards supporters as well?white male union types who think Hillary Clinton and Barack Obama are too pro-immigration...

Author: /time Magazine | Title: The Bloomberg Delusion | 1/31/2008 | See Source »

...Edwards leaves the race having made a big impact on the two remaining candidates. His populist rhetoric forced his rivals to compete for union support, and he was the first out of the gate with detailed plans for universal healthcare and education, putting pressure on the field to match him. "He led on just about every single issue: poverty, economic stimulus to universal healthcare," said Joe Trippi, a senior adviser to Edwards' campaign. "He pushed both of them further than they would've gone without him. When they wanted to blur the lines and not have real proposals, he came...

Author: /time Magazine | Title: Why Edwards Never Caught On | 1/30/2008 | See Source »

...just last week, Hillary Clinton was heard at a rally in Salinas, California, accepting the coveted endorsement of the United Farmworkers Union, "Si se pueda is right! That's right, yes we can!" Unfortunately, she can't - the slogan is "Sí se puede." Now, in Senator Clinton's defense, she's the first to tell audiences that languages aren't her strongest suit, citing a college French teacher who told her: "Mademoiselle, your talents lie elsewhere...

Author: /time Magazine | Title: Speaking Voters' Language, Literally | 1/30/2008 | See Source »

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