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...Citi loans. But the deal did nothing to repurchase the 7.7 billions shares the government had acquired in Citi in mid-2009. The Treasury considers its remaining stake in Citi part of the Capital Purchase Program initiated at the start of the financial crisis. But because the government owns common stock and not preferred, the Citi deal is unlike any of the hundreds the Treasury has struck with other banks that have participated in the program. Nonetheless, on Dec. 23, Feinberg issued Citi a letter saying the bank would no longer be subject to his executive-pay review...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

...unexpected ocean eddies in the current. When they beamed microwaves at the platform, the scientists found that "hot spots" - the microwave equivalent of rogue waves - appeared up to 100 times more often than standard wave theory would predict. Those results indicate that rogue waves might be a lot more common than scientists had believed and could explain why so many large ships - as many as two a week - sink even in the absence of bad weather. One day we might even be able to predict when these earthquakes of the sea occur - sparing future cruisegoers the trauma suffered by those...

Author: /time Magazine | Title: Cruise-Ship Disaster: How Do 'Rogue Waves' Work? | 3/4/2010 | See Source »

Although there was a common consensus that doctored photos have dangerous latent impacts on body image, there was also an understanding that they are unlikely to go away...

Author: By Kathryn C. Reed, CRIMSON STAFF WRITER | Title: Pixel Perfect is So Last Season | 3/4/2010 | See Source »

...Gone are Sarkozy's early promises to make a respect of human rights and democracy central to all French foreign relations. Also gone is Sarkozy's former mocking of realpolitik as a political cop-out of cynical diplomats without principles. France is now eager to work with Russia on common security and economic interests - and it doesn't want to hear any sniping or criticism from other countries, s'il vous plaît.(See pictures of Nicolas Sarkozy in London...

Author: /time Magazine | Title: Why France Is Selling Warships to Russia | 3/3/2010 | See Source »

Sarkozy, however, says such suspicions are outdated and that Europe and its allies need to focus on common threats to security. "How are we to say to Russian leaders, 'We need you for peace, like on Iran,' but then say, 'We don't trust you'? That would be totally inconsistent," Sarkozy tartly said on Monday night, when he was questioned by reporters on the sale. "We want to turn the page on the Cold War." (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: Why France Is Selling Warships to Russia | 3/3/2010 | See Source »

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