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Many analysts believe that the Merrill deal, while risking the solvency of Bank of America, will end up being a boon for the bank. Merrill still has a strong investment-banking franchise, and even in the depth of the financial crisis, its wealth-management business continued to be profitable. Nonetheless, Lewis won't be around to see the fruits of the deal...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...second-to-last service of Yom Kippur, according to Schwarzberg. Still, the Divinity School student said yesterday that it was “not often obvious” why the story had been chosen for the holiday and that he wanted to explore its “intellectual depth...

Author: By Emily M. Boggs, CONTRIBUTING WRITER | Title: Lecturer Probes Jewish Story | 9/29/2009 | See Source »

...eyestrain from extended viewing. Early reviews of the new models from Sony and Panasonic suggest they've solved the problem. Both use glasses that contain tiny shutters, opening and closing at 120 frames per second, in sync with the image on the screen to give the illusion of depth. It's a new approach that gives users a wider viewing angle, another weakness of older approaches...

Author: /time Magazine | Title: Will Anyone Watch 3-D TV? | 9/25/2009 | See Source »

...trembles with loneliness. Two empty chairs face each other on a wooden porch, their seemingly hand-stitched seats insinuating that modern society has lost face-to-face communication. The chairs appear to be expecting company or a conversation, but people are nowhere to be seen. This pervasive loneliness lends depth to the photograph and others like it, rendering them poignant yet haunting.People make rare appearances in Palma’s works, but when they do, they often offer the most striking portrayals of hopelessness and loneliness. In the diptych, “The shadows of his youth...

Author: By Kristie T. La, CONTRIBUTING WRITER | Title: Palma Exhibition Fails to Make Cohesive Statement | 9/25/2009 | See Source »

...effort to back Tehran away from the nuclear threshold - not because the President showed any lack of resolve, but because the resolve of others remains in question. The British and French leaders were adamant in their support, with Sarkozy warning that "if by December there is not an in-depth change by the Iranian leaders," tough new sanctions would be applied. Brown called the new development the greatest challenge facing the international community. But Germany, which has recently shown reticence to expand sanctions without approval from the entire European Union, was inexplicably absent from the event. Obama was left...

Author: /time Magazine | Title: Ahmadinejad Rejects Obama's Nuclear Warning | 9/25/2009 | See Source »

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