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...Prognosis: On the way to the ICU. Citigroup has a projected leverage ratio of just 3.8% - far lower than what it would need to be considered well capitalized. How much would the U.S. have to give the bank to nurse it back to good health? About $22 billion...

Author: /time Magazine | Title: Can Your Bank Pass the Stress Test? | 2/19/2009 | See Source »

...thrive in the brave new newspaper world. VG is owned by Schibsted, a media conglomerate that embraced the Net early and rode out seven years of heavy losses before getting it right. The stock market wanted CEO Kjell Aamot's head, and Schibsted's board was fully prepared to give it to them. Only Tinius Nagell-Erichsen, the revered former chairman who controlled the Schibsted family's trust, said no. Now VG's website, VG.no, is Norway's biggest destination, period. In 2007 VG Nett, the paper's online arm, had pretax earnings of $23.4 million on revenues...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

Remaking Basra is no small task. Caught in the cross fire of the Iran-Iraq war and Iraq's occupation and retreat from Kuwait, brutally punished for uprisings against Saddam Hussein only to see his tyranny give way to the mob rule of Shi'ite militias, both the city and the province of Basra have sustained deep wounds over three decades. British forces and government agencies based in Basra after the 2003 U.S.-led invasion expected to be received as liberators. But they failed to convince locals that they could deliver on their promises of reconstruction and development, leaving young...

Author: /time Magazine | Title: Rebuilding Basra | 2/19/2009 | See Source »

...bill he signs will create a raft of new programs and be the biggest peacetime spending increase in American history, which will give us larger deficits and create pressure to raise taxes.' KARL ROVE, former senior adviser to George W. Bush, on the $787 billion stimulus bill signed into law by President Barack Obama...

Author: /time Magazine | Title: Verbatim | 2/19/2009 | See Source »

...many pregnant women in America, it is easier today to walk into a hospital and request major abdominal surgery than it is to give birth as nature intended. Jessica Barton knows this all too well. At 33, the curriculum developer in Santa Barbara, Calif., is expecting her second child in June. But since her first child ended up being delivered by cesarean section, she can't find an obstetrician in her county who will let her even try to push this go-round. And she could locate only one doctor in nearby Ventura County who allows the option of vaginal...

Author: /time Magazine | Title: The Trouble With Repeat Cesareans | 2/19/2009 | See Source »

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