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...government assistance. On Thursday, though, the firm said it had applied to receive TARP funds. The company's shares rallied on the news to a recent $1.98. Colonial, based in Montgomery, Ala., is one of the nation's largest regional banks, with more than 340 branches in Alabama, Florida, Georgia, Nevada and Texas, and $16.8 billion in customers' deposits...

Author: /time Magazine | Title: Banks Left Out of TARP Bailout Could Face Extinction | 11/13/2008 | See Source »

...When it comes to resurgent Russia, a more united U.S.-EU front would definitely help. America’s most formidable rival has been flexing its muscle lately, first in Georgia and perhaps soon in Ukraine. The Russian economy may stand on shaky foundations, but the government of President Dmitry Medvedev and Prime Minister Vladimir Putin has developed a taste for the international spotlight. Despite the Russian president’s tough stance on the U.S. in his state-of-the-country address the morning after Obama’s election, the Kremlin described the first Obama-Medvedev talk...

Author: By Pierpaolo Barbieri | Title: What to Expect... | 11/12/2008 | See Source »

Stebbins has served as the head curator of American art at the University since its inception in 2002. In the past eight years, Stebbins has acquired 96 new pieces for the museum, including notable works by Jacob Lawrence, Georgia O’Keefe, Joseph Stella, and Arthur Dove...

Author: By Emily J. Hogan, CONTRIBUTING WRITER | Title: Museum Launches American Collection | 11/9/2008 | See Source »

...Oregon Democrat Jeff Merkeley's apparent slim victory of a few thousand votes holds up against any procedural challenge incumbent Gordon Smith throws against him. And the Democrats could conceivably pick up more. Republican Saxby Chambliss, though he won a plurality of votes on Tuesday, faces a runoff in Georgia on Dec. 2. In Minnesota, the recount of the nearly tied Senate race will go into December at least, to determine whether Al Franken unseats GOP incumbent Norm Coleman. And counting continues in the tight Alaska race. Even if incumbent Ted Stevens retains his seat, Senate GOP leader Mitch McConnell...

Author: /time Magazine | Title: Congress Gets Ready for the Obama Era | 11/6/2008 | See Source »

...maiden address to the Russian Parliament, President Dmitri Medvedev blamed the United States for Moscow's war with Georgia and for the world financial crisis. Washington, Medvedev said, was threatening Russia's security with the creation of a missile defense system and new NATO military bases around Russia's western and southern flanks. "We have gotten the clear impression that they are testing our strength," Medvedev said in his speech, which was made on the day U.S. voters elected Barack Obama president, and which at times recalled Soviet era rhetoric. (See pictures of the world reacting to Obama...

Author: /time Magazine | Title: Moscow's Challenge to Obama | 11/6/2008 | See Source »

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