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...quickly complete capital-raising deals. Yet, unlike Citi and BofA, none of these planned actions were included in their stress-test results. Citi's results also downplayed the damage to shareholders that will result from restoring Citi's common capital ratios. In order to put Citi back on its feet, the company's shareholders will be diluted more than any other public bank that was part of the stress test. When Citi completes its conversion of preferred shares to boost its common equity, current Citi shareholders will end up owning just 24% of the bank, down from nearly 100% today...

Author: /time Magazine | Title: Inside Citi's Stress Test: More like an F than a B+ | 5/14/2009 | See Source »

...other recent events in The Estate by opening up the top floor so attendees could overlook the dance floor while grinding with a little less sweat and a little more privacy than on the lower floor. Even the VIP lounge was open, where FlyBy went to rest our feet from all the dancing...

Author: By Patrick R. Chesnut, D. PATRICK Knoth, and Amy Sun | Title: BALLin! FlyBy’s Formal Reviews Pt. III | 5/13/2009 | See Source »

...tour they'd have my autograph tattooed. I decided I wouldn't write on people anymore, but I'd give them arms and legs and if they wanted those autographed I'd do that. For one or two years I was throwing arms and legs and hands and feet at the audience if they wanted them. And then last year I moved on to thousands of these really cheap sex dolls. We had races and whoever inflated their sex doll the fastest received copies of a book or something...

Author: /time Magazine | Title: Novelist Chuck Palahniuk | 5/12/2009 | See Source »

...night and threw a mysterious glow on the flushed cheeks of partygoers. The night was perfect for general roaming, and one could make a palatable pit stop by the cupcake blowout on the terrace or linger in the shadows with that lucky date. For those quick on their feet, there was swing-dancing in the tent and grinding in the dining hall. Your pick—although we must say that the swing-dancing quite tickled even our non-rhythmic fancy...

Author: By Loren Amor, Aparicio J. Davis, and Esther I. Yi | Title: BALLin! FlyBy's Formal Reviews Pt. II | 5/12/2009 | See Source »

...been a fixture of New York City and a symbol for the nation since its dedication by President Grover Cleveland in October 1886. The 225-ton monument arrived a year earlier in 214 crates as a gift from France. Including her pedestal and foundation, Lady Liberty reaches 305 feet; her index finger measures eight feet long, tipped by a 13-inch fingernail. Designed by French sculptor Frederic-Auguste Bartholdi to celebrate the centennial of the Declaration of Independence, the statue's $250,000 tab was covered via donations, a French national lottery and a benefit concert at the Paris Opera...

Author: /time Magazine | Title: The Statue of Liberty | 5/12/2009 | See Source »

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