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...disappointed that Wachovia won't remain independent but I believe the strength and stability of having Wells Fargo as a partner will be better in the long run," says Michael Smith of Charlotte Center City Partners. At a merger rally held on October 15, Wells Fargo CEO John Stumpf wouldn't be pinned down on how many jobs might be lost, but he did say that Charlotte would be the combined banks' eastern headquarters...

Author: /time Magazine | Title: Charlotte Stays Optimistic After the Banking Fallout | 10/28/2008 | See Source »

...lite scientists could simply solve climate change on their own, public misunderstanding wouldn't be such a problem. But they can't. Reducing carbon emissions sharply will require all 6.5 billion (and growing) of us on the planet to hugely change the way we use energy and travel. We'll also need to change the way we vote, rewarding politicians willing to make the tough choices on climate. Instead of a new Manhattan Project - the metaphor often used for global warming - Sterman believes that what is needed is closer to a new civil rights movement, a large-scale campaign that...

Author: /time Magazine | Title: What the Public Doesn't Get About Climate Change | 10/28/2008 | See Source »

...undercut conventional retailers on 90% of the products the store sells. Nor do customers have to make any trade-offs in buying private labels. Consider the sleek, dark 16.9-oz. bottle of Ariel Extra Virgin Olive Oil ($4.29). Or the 13-oz. box of Fruit Rice cereal ($1.69). "You wouldn't be embarrassed to have that on your counter," says Bill Bishop, a retail consultant...

Author: /time Magazine | Title: Aldi: A Grocer for the Recession | 10/28/2008 | See Source »

...poppy songs and the themes of first love, cliques and friendship. Ross toured 25 regional Disney Channels around the globe two years ago, trying to convince them of HSM's potential. He met resistance "everywhere." But when Chinese or Russian marketers would fret that local viewers wouldn't get cheerleaders or basketball, he would drill down to human nature: "Do you have kids who play sport?" he'd ask. "Who are growing up and learning how to be themselves?" Evidently so: more than 255 million people around the world have seen the original HSM movie, and 293 million have seen...

Author: /time Magazine | Title: How High School Musical Conquered the World | 10/27/2008 | See Source »

...wouldn't want to be the President of Pakistan: Even as the military finds itself embroiled in a war against militants that much of the country's elected leadership (and even more of the electorate) opposes, it's hard even to keep the lights on as the limits of the country's electricity supply mean daily blackouts in major cities. The economy, meanwhile, is in a perilous state, with inflation running rampant, the currency having lost a third of its value, and foreign currency reserves reduced to the point that they can finance no more than six weeks of imports...

Author: /time Magazine | Title: Time and Money Running Out for Pakistan | 10/25/2008 | See Source »

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