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...Dresdner Bank, a unit of insurance giant Allianz since 2001, look set to follow suit when they publish third-quarter results later this month. Why, in a country once renowned for its scrupulous financial management, are so many banks doing so poorly? The answer is simple: bad debts, a knock-on effect from Germany's soaring bankruptcy rate. At Deutsche, provisions for loan write-offs rose to j753 million for the third quarter, nearly six times what they were a year before. In addition Deutsche, and to a lesser extent Commerzbank and Dresdner, have spent considerable sums over the past...

Author: /time Magazine | Title: Taking A Beating | 11/3/2002 | See Source »

Reid D. Saaris ’04, backed by three starlets in drag, sang a cover of the Green Day song “King for a Day,” which includes the lyrics “Who put the drag in drag queen/Don’t knock it until you tried...

Author: By Andrew C. Campbell, CONTRIBUTING WRITER | Title: Adams House Residents Delight in Drag Night | 11/1/2002 | See Source »

...Democrats are throwing money into the race as if it's already 2004, sending hundreds of lawyers to monitor ballot troubles. (Bush blamed inept Democrats for snafus on primary day.) Heavyweights, including Bill Clinton, are helping McBride. Party chairman Terry McAuliffe vowed last week, "We're going to knock off one Bush at a time." If it's close, it must be Florida...

Author: /time Magazine | Title: A Kid Brother Gets in Trouble | 10/28/2002 | See Source »

...fide curiosity: the world's oldest living rapper. It has been nearly two decades since he debuted as a baby-faced teen in Krush Groove and a dozen years since he declared himself still relevant ("Don't call it a comeback/I've been here for years!") on Mama Said Knock You Out. But on Oct. 15, LL will reach an unprecedented hip-hop milestone when he releases his 10th album, 10. "I'm not gonna sit here and tell you that I understand why I've lasted," says LL, ne James Todd Smith. "Believe me, if I had a magic...

Author: /time Magazine | Title: Music: Hip-Hop Grownup | 10/14/2002 | See Source »

...officer then went to the Central Police station, where Lau asked him to fill out forms indicating that he was thedriver. According to press reports, Tse was driven from the scene by Cheung, his romantic link of the moment. The story was now sounding like a Hong Kong knock-off of the Puff Daddy-Jennifer Lopez escapade three years earlier...

Author: /time Magazine | Title: Hard Time for a Rebel | 10/7/2002 | See Source »

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