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...demands of this growing demographic of impatient and increasingly sophisticated Asians, private banks now offer a slew of new investment products. One of the most popular: so-called structured notes, which are complex derivatives that often pay a guaranteed minimum return like bonds, or pay above the minimum depending upon the performance of other asset classes, such as stock-market indexes or commodities. "The beauty of structured products is you can tailor them to clients' needs," says Gary Tiernan, head of product management for Deutsche Bank in Asia. It's a buoyant enough business that Deutsche now has a structured...

Author: /time Magazine | Title: Bespoke Banking | 8/21/2006 | See Source »

...close the meal, Mo bestowed a celestial gift upon us in the form of dessert wine, this one a 2002 from Château Memoires Cadillac in Sauternes, France. Imagine a glass of fresh-squeezed orange juice laced with a sweet fragrance and no bitterness, and the flavor of this magnificent wine comes into focus. It had a perfect sugar/acid balance, an effervescent aroma of orange peel, and a slight cedar backbone...

Author: By Kyle L. K. Mcauley | Title: What I Can’t Get in Cambridge | 8/11/2006 | See Source »

...passengers still clutched the plastic bags given to them at Heathrow for their wallets and passports. Some had been reunited with their luggage, which they had hastily repacked upon arriving to Heathrow early in the morning. All carry-ons, including magazines and house keys, were banned from British flights until further notice...

Author: /time Magazine | Title: Passenger View: New Hassles, But Worth It | 8/10/2006 | See Source »

...Bosca, Roozendaal, Orkopoulos, Hatzistergos and Tripodi. It's a wonderful achievement for them - and for Australia - that after only a few generations migrant families have seen their kids make it to Parliament. This immigrant upward mobility in politics is one of the things keen observers from New Zealand comment upon when they visit. (Kiwi politicians come in two flavors, not a good sign in a small country prone to exporting its talented people). As in the ranks of the public service and business, non-Europeans (people originally from Asia, the Middle East or the Pacific Islands) will soon emerge...

Author: /time Magazine | Title: Peeling Back Australia's Identity | 8/6/2006 | See Source »

...treated as a foreign language and given one period a day, just like English. Catalonia, one of the richest provinces in Spain, will actually give less tax money to the rest of Spain. Additionally, Catalonia will gain more control over immigration into the region from outside Spain. Reforms upon reforms are leading the region down the path toward independence. And Catalonia’s inhabitants already have a sense of deeply rooted nationalism, despite not being an independent state. One night here, I escaped Catalán in a local bar filled half with foreigners and half with locals...

Author: By Steven A. Mcdonald, | Title: Catalán, Anyone? | 8/4/2006 | See Source »

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