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...bank itself rather than rely on the bank's past managers or hire new ones. So almost immediately after the agency took over IndyMac last July, it sent over two of its top officials, chief operating officer John Bovenzi and Dallas-based assistant director Rick Hoffman, to Pasadena, Calif., to run the bank. Bovenzi became IndyMac's CEO. Hoffman took on the role of president. For Bovenzi and Hoffman, cost-cutting was high on their agenda. They slashed the rate the bank was paying on certificates of deposit. Expensive perks were out as well - the government even sold...

Author: /time Magazine | Title: Nationalized Banks: Why They Might Work | 3/6/2009 | See Source »

...continue to refer patients who have spiritual needs I am not trained to manage. My experience shows that physicians can and should get training to skillfully recognize and ethically provide initial spiritual care for patients, and to refer those needing more intensive follow-up. Harvey A. Elder, LOMA LINDA, CALIF...

Author: /time Magazine | Title: A Spiritual Solution? | 3/5/2009 | See Source »

...important part of the product she's selling. She grew up in a modest household on the South Side of Chicago, where her father ran a deli. She dropped out of the University of Illinois (she later finished her degree) and spent six years waitressing in Berkeley, Calif. After losing $50,000 she had been lent to a stockbroker at Merrill Lynch, she became a Merrill broker herself. She launched her own financial-planning company in 1987 and then wrote her first book, You've Earned It, Don't Lose It, which became a best seller. She has made...

Author: /time Magazine | Title: Suze Orman: Queen of the Crisis | 3/5/2009 | See Source »

...Another trend: a creeping problem in the Midwest. It's true that property markets never went wild in Des Moines, Iowa, or Omaha, Neb., the way they did in Merced, Calif., and Fort Myers, Fla., but this means even modest declines in home values can erase equity, especially for recent buyers who have less of a cushion against falling prices. In Iowa, 18.6% of homeowners have negative equity; in Nebraska the figure is 16.6% (both jumped more than three percentage points from September). (See pictures of struggling Cleveland...

Author: /time Magazine | Title: Nearly 1 in 5 Owe More Than Homes Are Worth | 3/4/2009 | See Source »

...Started out in Pittsburgh, where he became a Top 40 music DJ and went by the name Jeff Christie. He turned political in Sacramento, Calif. by creating a politically incorrect persona called El Rushbo, then moved to New York and went national on WABC...

Author: /time Magazine | Title: Conservative Radio Host Rush Limbaugh | 3/4/2009 | See Source »

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