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...After the GDP numbers were released, the Fed put out the minutes of its two-day Federal Open Market Committee. At the core of the statement was one of the greatest hedges in recent memory...

Author: /time Magazine | Title: The Fed: Things Will Get Better, If Everything Goes As Planned | 4/30/2009 | See Source »

Local media reported earlier this month that The New York Times Company has threatened to close The Boston Globe, its erstwhile New England jewel whose once-bumper profits have morphed into massive losses. It’s easy to see why Times executives are fed up—losses at The Globe this year are projected at $85 million, a heavy burden that virtually no media company can bear in today’s economic environment...

Author: By Paras D. Bhayani | Title: Breaking the News | 4/29/2009 | See Source »

...easy to say that because Citi and B of A are public companies that the government's shares can be sold. That will be nearly impossible. The minute the Fed signals that it is time for an orderly exit is the minute that other shareholders get panicky, driving the value of the firms down. In a vicious circle, the value of the government's interests get depressed by the fact that it would like to get taxpayers their money back. Even if the value of banks rise temporarily. taking the profits off the table will be problematic...

Author: /time Magazine | Title: If the Government Owns the Car and Bank Industries, How Does It Get Money Back? | 4/28/2009 | See Source »

...country, it probably will not have done taxpayers any favors. Should the economy gets worse, the amount of the government's ownership, and its exposure, will grow as it protects its investment and support of "strategic" industries with more capital. It is not far-fetched to believe that the Fed could end up having a 50% stake in Citigroup...

Author: /time Magazine | Title: If the Government Owns the Car and Bank Industries, How Does It Get Money Back? | 4/28/2009 | See Source »

...failed states, but that doesn't make the pirates apolitical. They don't need a state. Piracy is their state. Trying to erect a livable society in Somalia would be to confront them with a rival, as we discovered once before. The pirates are not "desperate." They are well fed, crafty and competent. They are the maritime wing of the warlord culture that governs Somalia de facto and does so in such a way that its citizens don't eat. Whatever the root causes of Somali piracy, helping Somalia might be a worthy goal once the pirates are defeated militarily...

Author: /time Magazine | Title: No Surrender to Somali Pirate Thugs | 4/27/2009 | See Source »

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