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...merger of equals" to form Deutsche Bank AG. The new company's total assets will be valued at a jaw-dropping $1.3 trillion, making it one of the largest financial institutions in the world. Not surprisingly, those profits won't be scraped together from the holdings of the average Helmut's personal bank account; the merger announcement included a plan to eliminate the retail (or consumer) services in order to concentrate on corporate and investment banking...

Author: /time Magazine | Title: How a Huge Merger Shows the Future of Banking | 3/9/2000 | See Source »

Seabrook is in a unique position to plot the contours of the Nobrow landscape. He's the kind of guy, he lets us know while not really boasting, who can decant wine, went to Oxford, dresses in Helmut Lang and agnes b., and who uses the term "arbiters elegantiae" repeatedly, while calling his father's wardrobe a "hegemonic succubus." But he's also enamored of the oeuvre of the late rapper Notorious B.I.G. and wears Haitian T shirts. He's a citizen of Nobrow...

Author: /time Magazine | Title: Books: The Hierarchy Of Hotness | 2/28/2000 | See Source »

...leader, things seem to be going well for Germany's Social Democratic Party. Perhaps too well. The Social Democrats rode the wave of the centrist "Third Way" politics that swept Western Europe in the late 90s to wrest control from the CDU in 1998 and end Helmut Kohl's 15-year reign as chancellor. Now Chancellor Gerhard Schroeder is enjoying high approval ratings and the weakened CDU isn't even opposing the Social Democrats in two key upcoming state elections. But the Social Democrats' top brass weren't gloating Wednesday when CDU chief Wolfgang Schaeuble resigned over the campaign-funding...

Author: /time Magazine | Title: Why Germany's CDU Woes Are Bad News | 2/17/2000 | See Source »

Five weeks later, on Feb. 9, Lindner was in the White House at a state dinner honoring German Chancellor Helmut Kohl. After entertainment by Tony Bennett and a German chorus, Lindner went upstairs to bed. Less than two weeks later, he was back in the White House for coffee...

Author: /time Magazine | Title: How to Become a Top Banana | 2/7/2000 | See Source »

...Christian Wulff, 40, an attorney who is the party's deputy chairman. Wulff is telegenic and one of the leaders of the "Jungen Wilden," the Young Wild Ones, a group of up-and-coming, fortysomething local politicians in the C.D.U. Wulff was an early critic of former Chancellor Helmut Kohl's, even trying to block Kohl from running for a fifth term in 1998. "The C.D.U. does not accept that anybody puts himself outside the legal system," Wulff said last week, referring to Kohl's refusal to name the source of illegal contributions to the party. A big liability...

Author: /time Magazine | Title: Inside The Scandal | 1/31/2000 | See Source »

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