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...just because you can afford to buy doesn't mean you will - or should. China's banks are still grappling with internal and external issues, including a shallow talent pool, a shortage of managerial expertise and a local currency that is not convertible, which makes it cumbersome to mobilize yuan assets to acquire and grow overseas businesses. Recent purchases by Chinese financial institutions have not turned out well. Insurer Ping An, which paid $3.5 billion for around 5% of Fortis, a European financial group, has decided to write off most of that investment after Fortis' share price fell...

Author: /time Magazine | Title: Why China's Banks Are Stronger than America's | 6/3/2009 | See Source »

...Richard A. Holt ’64 penned in an unpublished letter to The Crimson in 2006. “Henceforth, when the alumni fund solicitors call, I shall not donate so much as a penny to this shallow institution.”Following the installation of University President Drew G. Faust a year later, a more subdued alumni community withheld judgment as they waited for the soft-spoken Civil War historian to settle into her new role and introduce herself and her vision for Harvard.In the two years since then, Faust has made her introductory rounds within alumni circles...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Donors Express Confidence in Faust’s Direction | 6/3/2009 | See Source »

Special equipment: A shallow baking dish, approximately 8 x 10 inches...

Author: /time Magazine | Title: Lidia Bastianich's Bread Recipes | 5/22/2009 | See Source »

...Lahey trades his usual loaves for crust - round, thin and fired in a 900-degree oven like they're done in Naples, occasionally charred and consistently topped with surprises. The Flambé, for instance, oozes richly with mozzarella, parmesan, caramelized onions and fatty lardons - swimming in a shallow sea of béchamel sauce ($16). Less liquid, is the Stracciatella, piled high with arugula, crushed tomatoes and its namesake cheese, and dusted with a fine coat of freshly ground black pepper ($17). And the aptly-named Popeye pie is another cheese-intensive endeavor, with ample fresh spinach atop a pecorino...

Author: /time Magazine | Title: Posh Slice: Pizza, a Budget Staple, Goes Upscale | 5/8/2009 | See Source »

...general election last November. Indeed, the Obama administration continues to deploy many of the campaign tactics it used in the run-up to the election, even now that it has taken power. Behind the facade of hope and change lies a cynical attitude of vote-getting and shallow ideological persuasion that only hurts Obama’s chances at truly reaching the American public...

Author: By Peter M. Bozzo | Title: The Permanent Campaign | 5/7/2009 | See Source »

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