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...swaps that protect investors from losing money on Citi's bonds skyrocketed, signaling a lack of confidence in the bank's ability to survive. Bankruptcy rumors circulated, and fears grew that people doing business with Citi - including its retail banking customers - would pull their money. At that point, regulators felt they had no other option but to step...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

...Napolitano's other obvious distinction is that, as a governor, she can be expected to have much more sympathy for states, which have felt disrespected and excluded under a top-down approach to homeland-security issues since 9/11. "The trust between federal, state and locals is just not there," says Ray Scheppach, executive director of the National Governors Association. Governors, including Napolitano, have protested the costs of REAL ID, a 2005 law passed by Congress to upgrade the security of drivers' licenses, as well as the failure of the Federal Government to take a lead in repairing the country...

Author: /time Magazine | Title: Napolitano: A Safe Pair of Hands for Homeland Security | 11/25/2008 | See Source »

...being held hostage by fluctuations in the price of crude, the authors recommend developing sustainable energy infrastructures-an endeavor that will also help to suppress climate change. "The link between carbon-intensive activities and changes in the world's climate is now well established, and the consequences will be felt across the hemisphere," the authors write, noting that if "current human activity remains unchanged," the resulting "ecological shocks" could wreak havoc on Central America, the Caribbean, and the southeastern United States...

Author: /time Magazine | Title: Rethinking Relations with Latin America | 11/25/2008 | See Source »

After the presentation, Heather Gain, the event coordinator at the Harvard Book Store, said she felt the event was “wonderful and unusual,” in that it “brought the photographer with her words...

Author: By Mia P. Walker, CONTRIBUTING WRITER | Title: Leibovitz Promotes New Book in Square | 11/24/2008 | See Source »

...that my hands were tied on this campaign," he says. "And I've never had a list this long." One of his biggest struggles, Davis says, was to come up with negative spots against a historic, groundbreaking candidate without stepping on taboos. "One of the big hands that I felt was tied behind my back was [that] so many things - like [Obama's record on] crime - you would logically do were perceived as 'Oh, we can't do that. That was playing the race card,' " he says, adding that the campaign created a whole series of crime attacks against Obama...

Author: /time Magazine | Title: The Anti-Obama Campaign That Didn't Happen | 11/24/2008 | See Source »

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