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2. Didn't the government already rescue Citigroup? True, this is not the first government handout. On Oct. 13, Treasury told Citi and eight other large banks that it would be buying billions of dollars worth of stock in their institutions, the opening move in a mass recapitalization plan for...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

In its latest move to prop up the nation's flailing financial system, the U.S. government unveiled plans on Monday to rescue one of the world's biggest banks, plowing $20 billion of new capital into Citigroup and shouldering up to tens of billions of dollars in losses tied to...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

Exactly how large that package might turn out to be is anyone's guess. Only a few weeks ago, proponents spoke of a package worth $150 billion. Now, with banks continuing not to lend and the economy shrinking, stimulus package estimates have crossed $500 billion and are heading toward $700...

Author: /time Magazine | Title: Obama Steps Up to the Plate on the Economy | 11/24/2008 | See Source »

A recent estimate by Merrill Lynch also expects a 3% point addition to growth next year. In other economies today, that kind of growth would be unachievable. Whatever stimulus package finally gets put in place in the U.S., for example, is unlikely to add even one percentage point fillip to...

Author: /time Magazine | Title: Is China Headed for a Hard Landing? | 11/24/2008 | See Source »

The ability of the government to engineer major changes in the economy is particularly important today, considering many of the problems China faces were directly created by Beijing. Deeply concerned about an economy growing at a blistering 11% or more per year and a spiking inflation rate, the state set...

Author: /time Magazine | Title: Is China Headed for a Hard Landing? | 11/24/2008 | See Source »

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