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Unlike the BofA deal, however, Citigroup's left intact a large investment in the bank on the part of the government. Citi repaid the government's $20 billion in Citi preferred shares, and it closed an insurance agreement that had the government backing as much as $300 billion in troubled...

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

See pictures of the global financial crisis.

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

University President Drew G. Faust supported Smith in his defense of the new FAS policy, asking centers to participate in what she said was a new phase of the school’s response to the budget crisis that has left FAS with an $80 million deficit—down...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: New FAS Policy Budget Questioned | 3/3/2010 | See Source »

The best solution, says Samina Ahmed, Pakistan director for the International Crisis Group, a global policy-research center, is to ring in political and social reforms that will rid this territory of its antique system from British colonial rule and draw it into mainstream Pakistani life. For now, bringing back...

Author: /time Magazine | Title: Pakistan's Taliban War: Bringing Back the Music | 3/3/2010 | See Source »

The last available official figures put Iran's economic growth at just 2.5% for the first half of the Iranian year (March-August 2009) - far short of the 8% targeted in Iran's fourth Economic Development Plan, which ends this year. Despite the apparent unknowability of third-quarter statistics, figures...

Author: /time Magazine | Title: Are Iran's Leaders Hiding a Severe Economic Downturn? | 3/3/2010 | See Source »

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