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These days, however, few people think the capital-purchase plan makes sense. Paul Miller, an analyst at Friedman Billings Ramsey who covers bank stocks, says the problem with it is that the government is buying preferred shares and not common stock. Miller says preferred equity does nothing to help out common shareholders. That's because holders of preferred shares can demand their money back before holders of common stock can. As a result, bank stocks continue to plummet. And no matter how much total capital a bank or any firm has, if its stock goes to zero...

Author: /time Magazine | Title: How to Stop the Banks' Bleeding: No Easy Choices | 1/27/2009 | See Source »

...movie were shot, many say they want to watch it. "I liked the songs," says Vittal Naravane, who runs a printing workshop. "And I liked the idea that even if you're not educated, like the hero of the film, you can be successful by dint of your common sense and hard work." This message of hope seems to have worked for many among India's lower middle-class aspiring for a better life. "The film only shows what is real," says Rakesh Nair, a driver in New Delhi. "If it's set in a slum, there's going...

Author: /time Magazine | Title: Slumdog Millionaire, an Oscar Favorite, Is No Hit in India | 1/26/2009 | See Source »

...years ago, M&A activity was driven by easy capital and the notion that putting two related companies together could enhance revenue by selling a broad array of products and services to common customers. Many of those deals are in trouble now because of the leverage they took on to fund their transactions...

Author: /time Magazine | Title: Behind Pfizer's Deal to Buy Wyeth | 1/26/2009 | See Source »

...next wave of M&A, which will almost certainly begin within the month, is one designed at helping troubled companies survive by pressing cost cuts through consolidation of common functions. It is an ugly set of motivations but compelling enough to insure that investment banks can call some of their best deal people and ask them to come back to work...

Author: /time Magazine | Title: Behind Pfizer's Deal to Buy Wyeth | 1/26/2009 | See Source »

...hope is that people on both sides can realize that when 30,000 children die each day because of poverty and hunger, the closest thing to Jesus' heart might not be marriage amendments. I think we can find some common ground on these tough issues...

Author: /time Magazine | Title: The Rev. Jim Wallis | 1/26/2009 | See Source »

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