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...like AIG, Freddie has had to go back to the government a number of times with cup in hand. The mortgage giant has already received $14 billion in government aid. After a fourth-quarter loss of $24 billion, the company said it needed an additional $31 billion from the government to keep the lights...

Author: /time Magazine | Title: Freddie Mac: Government's New Black Hole? | 3/17/2009 | See Source »

Treasury Secretary Tim Geithner has a problem. On the one hand, he has to act to save the banks if he's going to start credit flowing and get the U.S. economy back on track. On the other hand, doing so makes him and his bosses look bad. Americans are against bailing out the banks by more than 2 to 1 in some polls. Worse, the banks themselves are deeply mistrustful of anything government might force on them. The head of Wells Fargo told Bloomberg on Monday that a key part of Geithner's plan, the so-called stress test...

Author: /time Magazine | Title: Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan | 3/17/2009 | See Source »

...Hand it to Dell, probably the worst run of the large global PC companies to have bad timing...

Author: /time Magazine | Title: Dell Launches PCs for Billionaires | 3/17/2009 | See Source »

...money,” he said.Despite these limitations, the selection process is straightforward. The fun czar, in conjunction with the CEB, submits a budget and list of possible dates to a booking company, Pretty Polly Productions, which then sends back a list of possible artists. With the list in hand, the CEB and the HCC work in conjunction to choose and book the artists; though the CEB controls the budget and thus technically has the last word, there is usually little friction between the two organizations.But narrowing down this list is still a tough process. Artists tend to significantly raise...

Author: By Alexander J. Ratner, CONTRIBUTING WRITER | Title: Yardfest, Unfenced | 3/17/2009 | See Source »

...feel besieged," a Vatican official says of the Pope. Many offices within the Holy See, according to this source, are now working "in great fear" of making further missteps (which have recently included controversies in Brazil and Austria). "The right hand doesn't know what the left hand is doing," he says. The good news on Tuesday, at least, was that Benedict's Alitalia flight lifted off on time. (See pictures of the Supreme Pontiff...

Author: /time Magazine | Title: A Besieged Pope Benedict Gets Some Love in Africa | 3/17/2009 | See Source »

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