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...Morgan Stanley security chief rick Rescorla may very well be the greatest American hero no one has ever heard of. Rescorla's many friends - from his Army days on - have been advocating a Presidential Medal of Freedom for him. But that has gone nowhere, because to celebrate his achievements and sacrifices on 9/11 calls attention to those - at the Port Authority and elsewhere - who got it all wrong. Steven R. Hansen, Jonesboro, Ariz...

Author: /time Magazine | Title: Inbox | 7/9/2008 | See Source »

Morgan Stanley security chief Rick Rescorla may very well be the greatest American hero no one has ever heard of. Rescorla's many friends - from his Army days on - have been advocating a Presidential Medal of Freedom for him. But that has gone nowhere, because to celebrate his achievements and sacrifices on 9/11 calls attention to those - at the Port Authority and elsewhere - who got it all wrong. Steven R. Hansen, JONESBORO, ARIZ...

Author: /time Magazine | Title: Surviving Disaster | 7/9/2008 | See Source »

...zero. Spain has stopped growing. The U.K. is teetering on the edge of recession. And Germany, Europe's biggest economy, is finally showing signs of a marked deterioration. "It's hard to find a country that's keeping its head above water," says Véronique Riches-Flores, chief European economist at French bank Société Générale. Business leaders ranging from Sir Stuart Rose at British retailer Marks & Spencer to Renault's CEO Carlos Ghosn are sounding the alarm. At Burberry, the luxury-goods firm, CEO Angela Ahrendts frets about a combination of rising...

Author: /time Magazine | Title: Europe's Economy: Falling Down | 7/9/2008 | See Source »

Light joining Citigroup's board would be a victory for chief executive Vikram S. Pandit, who is trying to remake the board as he seeks to reverse the bank's fortunes. Citigroup's stock has lost two-thirds of its value in the past year...

Author: By Crimson News Staff | Title: Harvard Business School Dean May Join Citigroup Board | 7/9/2008 | See Source »

...Light's ascension could pave the way for other directors to leave the board to make way for more indviduals with backgrounds in finance. Currently, The Times reported, none of Citigroup’s 10 directors has extensive experience on Wall Street, and just one is a former finance chief...

Author: By Crimson News Staff | Title: Harvard Business School Dean May Join Citigroup Board | 7/9/2008 | See Source »

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