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...help boost its lending capability. The timing could hardly have been worse: the bank announced on Monday that its losses for 2008 could be as high as $41 billion - by some stretch the biggest loss in British corporate history. Much of that loss is due to RBS's ill-timed acquisition of Dutch lender ABN Amro in 2007. "Yes, I'm angry at RBS and what happened," Brown conceded. But, he added, "We have to recognize anger is not enough...

Author: /time Magazine | Title: Gordon Brown Rescues British Banks — Again | 1/19/2009 | See Source »

...ever grow tired of the playboy lifestyle and regret not settling down? Ceara Jolliff, COLLINSVILLE, ILL...

Author: /time Magazine | Title: 10 Questions for Hugh Hefner | 1/15/2009 | See Source »

...Seattle. Ever since Lyndon Johnson's Great Society, he explains, government has set up perverse incentives for cities by isolating funds in programs set aside for the neediest, most desperate localities. It's the urban policy equivalent of treating someone in the emergency room when they get seriously ill instead of investing in ongoing primary care and encouraging healthy behavior. (See pictures of Obama on Flickr...

Author: /time Magazine | Title: Obama's Other Breakthrough: A Big-City President | 1/13/2009 | See Source »

...scientists reject such arguments as ill-informed. "There is no evidence that sharks become repeat attackers," says McAuley, who heads a shark and ray sustainability program for the fisheries department. "We have had a number of years between fatal shark attacks in West Australia, which is the clearest indication that sharks don't learn to predate humans...

Author: /time Magazine | Title: Sharks Rampage in Australia | 1/12/2009 | See Source »

...truth, Jobs looked alarmingly thin in his appearances at Apple events during the summer and has not been seen in public lately. On Dec. 30, the gadget site Gizmodo, quoting an inside source, claimed Jobs was too ill to deliver the speech and his health was "rapidly declining," predicting "the inevitable news" would come in the spring...

Author: /time Magazine | Title: Can Apple Survive Without Jobs? | 1/8/2009 | See Source »

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