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...sure, Citi's potential losses in Dubai are not enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

...issue warnings that Dubai was the most vulnerable economy in the oil-rich gulf because of its exposure to real estate and debt. Nonetheless, Win Bischoff, who was Citi's chairman, said at the time of the financing, "This is in line with our commitment to the [U.A.E.] in general, and reflects our positive outlook on Dubai in general...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

Allred said special interests have overshadowed the current administration in his state, causing the needs of ordinary citizens to become a secondary concern. The incumbent Governor C.L. “Butch” Otter is Allred’s expected opponent in the general election if Allred wins the Democratic primary...

Author: By Stephanie B. Garlock, CRIMSON STAFF WRITER | Title: Allred Runs for Idaho Governor | 12/14/2009 | See Source »

...Soldiers who are suffering from posttraumatic stress are six times more likely to commit suicide than those that are not," General Peter Chiarelli told the House Armed Services Committee on Dec. 10. "The greatest single debilitating injury of soldiers returning from Iraq and Afghanistan is posttraumatic stress." Nearly 1 in 5 soldiers - more than 300,000 - comes home from the wars reporting symptoms of PTSD. Army officials also acknowledge that substance abuse, fueled by repeated combat tours, and a war-created shortage of mental-health professionals, contribute to mental ills that can lead to suicide...

Author: /time Magazine | Title: A Mounting Suicide Rate Prompts an Army Response | 12/14/2009 | See Source »

...junta holds together at all, it will be thanks to its No. 2, General Sekouba Konate. The days after Camara was shot, Pivi's troops launched an assault on Toumba. Various reports of pillaging and violence by opposing factions emerged, but the chaos could have been worse. Konate was quick to outlaw Toumba, who is now in hiding, and scores of his supporters have been arrested...

Author: /time Magazine | Title: A Leader Is Shot, and Guinea Again Faces Chaos | 12/14/2009 | See Source »

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