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...Meanwhile, automotive suppliers have petitioned the Treasury Department for an additional $8 billion and GMAC, which is now a bank, will need $11.5 billion in new capital according to the U.S. Treasury Department's stress tests...

Author: /time Magazine | Title: Adding Up the Auto Bailout: $80 Billion and Growing | 5/11/2009 | See Source »

...inquire into why so many students were accepting unfulfilling jobs in the financial services industry after graduation. A case that students should instead follow their hearts and work to build a better society is inherently less convincing coming from a university that is run like an investment bank...

Author: By Max J Kornblith | Title: Why I’m Pro-Protest | 5/10/2009 | See Source »

...three months after he rolled out his bank-rescue plan to disastrous reviews, Geithner, with help from Ben Bernanke and others, has bolstered the confidence of the banks, Congress, the stock market and much of the country. In an economy that runs on credit, that's half the battle. (See pictures of the dangers of printing money...

Author: /time Magazine | Title: Stress Tested: Has Geithner's Bank Confidence Game Worked? | 5/8/2009 | See Source »

...quash political opposition, shackle democracy and siphon off untold fortunes from the national coffers for their personal use - even donations to French political parties of all stripes. According to the Transparency International complaint that Desset has decided to investigate, the Bongo and Sassou-Nguesso families hold 70 and 111 bank accounts in France respectively, and own a total of 31 pricey homes or buildings in and around Paris. They also boast entire fleets of cars in France. Listed in the Obiang Nguema family's holdings are two luxury automobiles and a $44.2 million private jet (though the Equatorial Guinean first...

Author: /time Magazine | Title: The Enrichment of Africa's French Allies | 5/8/2009 | See Source »

...With the high end of the property market in a downturn, other developers such as Unitech, Puravankara and Ansals are now eyeing low-income housing. ICICI Ventures, the venture funding arm for India's largest private bank, has a project underway in Pune. The apartments, which come in 450 sq. ft. and 800 sq. ft. versions, are priced...

Author: /time Magazine | Title: From India: First Nano's $2,000 Car. Now the $7,800 Nano Home | 5/8/2009 | See Source »

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