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...which Morgan Stanley CEO John Mack sought a saving dose of capital from Wachovia, a U.S. bank, and the China Investment Corp., Beijing's $200 billion sovereign wealth fund, which had already bought 9.9% of Morgan Stanley last December. MUFG joined the fray over the weekend, sources say, and within days committed to buy a strategic stake, which includes a seat on the Morgan Stanley board. With the U.S. Federal Reserve now compelling both Morgan Stanley and Goldman Sachs to operate as commercial rather than investment banks, CEO John Mack sees obvious benefits from a tie-up with the Tokyo...

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

...interesting finding is that in recent years, there has been a marked trend toward early abortions - in particular, abortions within 7 weeks of pregnancy - something Jones attributes to more accurate home pregnancy tests and more choices in abortion methods, including the introduction of mifepristone, the miscarriage-inducing drug also known as the RU-486 that was approved by the Food and Drug Administration...

Author: /time Magazine | Title: Abortion Rate Falls, But Not Equally for All Women | 9/23/2008 | See Source »

...Student groups have continually voiced a need to have funding for travel," Sundquist said about the funds, which will come from the College Dean's Office. In the past, he said, the UC funded only travel within the Boston area, so students had to fundraise or pay themselves...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: UC and College Debut New Student Life Fund | 9/23/2008 | See Source »

...South Africa that he would follow in Mbeki's footsteps. But it was Zuma's support base - a coalition of leftists, populists, trade unionists and radicals - that drove the campaign to oust Mbeki, apparently against Zuma's wishes. That raises questions of just how firmly he calls the shots within his own party. "It suggests that the people who are in control of the ANC now are not what I would describe as a particularly reliable bunch of people," says Feinstein. "It seems Zuma is not going to be able to control them...

Author: /time Magazine | Title: A Bitter End for South Africa's Mbeki | 9/22/2008 | See Source »

...same time, analysts said that Mbeki's departure increases the likelihood of a split within the ANC, as staunch Mbeki allies consider forming their own breakaway political party. Despite his apparent unpopularity, Mbeki had 40% of the party behind him last December...

Author: /time Magazine | Title: A Bitter End for South Africa's Mbeki | 9/22/2008 | See Source »

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