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Bank analyst John McDonald of Wall Street firm Bernstein Research says most people are focused on how the lack of loans will hurt bank earnings. Lending is, after all, how banks make money. But in the past year or so, banks have had to sock away more and more cash into their reserves to account for their growing number of bad loans. That's caused earnings to plummet. With loans falling, reserve ratios - the measure of reserves to loans - are growing. That means banks will be able to divert less profit into those rainy-day accounts, which should boost bottom...
...possible the review will call for aggressive cuts. That can't happen, however, without Russia's cooperation, and the current START negotiations are only the beginning. Until that happens, however, both sides will remain locked in a nightmarish anachronism, with nuclear annihilation of both sides always only minutes away. As Andreasen says, "Most experts agree: We will need to do more than the new START, with greater urgency and on a much broader front, to get ahead of the nuclear danger...
...Wickrematunge, who was also a freelance reporter for TIME, was shot on Jan. 8, 2009, while driving to work. His car was followed by two motorcycles, which blocked his path as the gunmen shot him through the driver-side window, when he was just five minutes away from his office. He was rushed to the hospital but died after surgery. Wickrematunge was a staunch critic of the Mahinda Rajapaksa administration, and his murder came in the middle of the government's final offensive to crush the separatist Liberation Tigers of Tamil Eelam (LTTE). The government did not brook any criticism...
...host and donor, says that five of the six Ady Gil crew members were on deck waving to the Bob Barker when the whaling ship cut across the Ady Gil's bow, splitting it in two. "It was completely unprovoked," Hammarstedt, who watched the collision from about 200 m away, told TIME. (See pictures of life beneath the Antarctic...
...more than three decades, the Sea Shepherd Conservation Society has rammed, sabotaged and shot stink bombs at whalers and commercial fishermen. Watson founded Sea Shepherd's forerunner Earth Force Society in 1977, and since then, he and his organization have not shied away from controversy. He has attacked Greenpeace, an organization he also helped found, calling the group "the Avon Ladies of the environmental movement" because of their allegedly wimpy tactics. Over the years, Watson has come under firearms attack four times, according to his website. In a 2008 Whale Wars episode that some critics have said was faked, Watson...