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While there's no such trouble at HSBC or Barclays, Monday's interim results presented challenges of a different kind. Both lenders leaned heavily on lucrative investment-banking units to soften the blow from bad debts in the commercial or retail arms of the groups. Owing in part to its...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

Not even the most optimistic greens could have predicted that the federal government's cash-for-clunkers program would work this well - more than 240,000 Americans have traded in their clunkers so far, and the program has already burned through its first round of funding. But green groups were...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

I saw myself on every page. I've been rejected from high schools and colleges, from a capella groups and publications and summer opportunities. I know what it feels like to send a piece of yourself out into the silence. And I know what it feels like to get the...

Author: By Emily C. Graff | Title: Pass | 8/4/2009 | See Source »

Human-rights groups say they are not opposed to the facility itself, but what it would represent: a continuation of Bush-era policies that allow some detainees to be held indefinitely, without charge. Such policies "are the reason Guantánamo became an international symbol of injustice," says Jameel Jaffer...

Author: /time Magazine | Title: New Gitmo Proposal Draws Wide Range of Critics | 8/4/2009 | See Source »

Each year, Italians take part in a midsummer ritual to honor the victims of the Mafia and speak out against the scourge of organized crime. From Palermo to Torino, politicians, church leaders and youth groups gather to mark the July 19, 1992, assassination of anti-Mob magistrate Paolo Borsellino, who...

Author: /time Magazine | Title: A Mafia Boss Breaks Silence on an Assassination | 8/3/2009 | See Source »

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