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...more complex acquisition scheme: the break up of Société Générale's retail network, which BNP covets, from investment banking activities, which interest Crédit Agricole. By tipping its hand, Mistral notes, BNP may be signaling to rivals now mobilizing in the wake of the 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...

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

...kept her sexual orientation secret during her career, but that denial took its toll after "Don't Ask, Don't Tell" led to increased focus on homosexuality in the ranks. She recalls having to administer a survey on the topic to 250 subordinates in the wake of the new policy. "We all sat down taking this survey asking, 'Do you know a gay person, and, if you did, what would you do?' " Dannah recalls. "I was physically sick after I did it - I went into the bathroom and threw up because of the stress of standing in front...

Author: /time Magazine | Title: 'Don't Ask, Don't Tell' Turns 15 | 1/28/2008 | See Source »

...they are true, it suggests there are two parallel universes in Turkey," says Hakan Altinay, director of the Open Society Institute, a think tank. "There are people who wake up every morning and plan murders of political opponents, plot coups and how to destabilize the country," he said...

Author: /time Magazine | Title: Turkey Busts Alleged Murder Network | 1/28/2008 | See Source »

...players on NHL rosters today, only 12 are black - a level that has remained flat over the last decade. "Sport as an institution doesn't just fall out of the sky," says Earl Smith, a Wake Forest University sociologist who wrote about blacks in hockey in his 2007 book Race, Sport and the American Dream. "It has to be embedded in the community, in the society the sport is trying to reach. For the NHL, it's a losing proposition...

Author: /time Magazine | Title: Will Hockey Ever Get Its Tiger Woods? | 1/26/2008 | See Source »

...former President was actually the first Clinton to speak in the wake of Obama's triumph Saturday evening, and it only underscored how his outsized, vocal presence on the trail has threatened to overshadow his wife. Earlier in the day, Clinton had churlishly compared Obama's victory to that of Jesse Jackson in 1984 and 1988, a remark that will likely further fuel disaffection about the Clintons amongst African-American voters. There was evidence that Obama's victory was also a repudiation of the brand of hard-knuckled politics that both Clintons had brought to the South Carolina contest. Exit...

Author: /time Magazine | Title: Obama's Win Reshapes the Race | 1/26/2008 | See Source »

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