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...winding down of Citi Holdings [the units Citi has said are for sale] won't create enough gains to pay back the government," says bank analyst Ed Narjarian of ISI Group. (See pictures of TIME's Wall Street covers...
...wasn't cutting it anymore. So Duke switched to one with a more powerful sunlamp and started going to the salon more often. "First it was once every couple of weeks. Then once every week. And later it was every day," she says. (See pictures of a diverse group of American teens...
...nation whose citizens pride themselves on self-reliance, the U.S. doles out an awful lot of welfare. Corporations get it. Farmers get it. Even poor people get it. But no other interest group makes out quite the way homeowners do. They - or we, I should say, for I'm a homeowner too - are at the receiving end of a truly staggering array of subsidies and tax breaks. Putting an exact price tag on all of them is impossible, but the value is clearly in the hundreds of billions of dollars a year...
Rising prices are always good news, though, for real estate agents, mortgage lenders and homebuilders. The higher prices go, the bigger their cut of the action. These groups are powers in Washington. The National Association of Realtors gave more money than any other group to candidates in the last elections ($4 million), according to the Center for Responsive Politics, and its 1.1 million members can do a lot of lobbying. Hence the subsidies for homeownership that never go away. In 1961 departing President Dwight Eisenhower warned of "the acquisition of unwarranted influence" by what he dubbed the military-industrial complex...
...joined locals enjoying what might be the last warm afternoon of the year, a sizable crowd had already gathered to be serenaded by the bold tuba and trumpet tunes of Seattle's Yellow Hat Band. And who might they be, we ask? Said a bespectacled man preparing for his group's act (which included a pair of glittery hula hoops), why, they're the ones with the yellow hatbands, of course...