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Citigroup, in an effort to improve its bottom line and repay the government, has put a "For Sale" sign on numerous pieces of its business, downsizing what once was the nation's largest bank. Citi's executives are taking a decidedly different tack in trying to rescue their firm than their competitors, and some analysts question whether the downsizing alone will be enough to turn around the bank...

Author: /time Magazine | Title: The Citi Sale That Never Ends | 10/12/2009 | See Source »

...Citi executives are taking a different path out of the financial crisis than many of its rivals, which at times has been a benefit to those rivals. With the acquisition of Citi's Salomon Smith Barney, Morgan Stanley now has the largest brokerage force in the nation. And while Morgan has gotten out of some trading businesses, it is expanding its retail banking business. Executives at Bank of America and Wells Fargo say there are no plans to sell off major pieces of those banks...

Author: /time Magazine | Title: The Citi Sale That Never Ends | 10/12/2009 | See Source »

Saturday night President Obama charmingly delivered a rather bleak message to the gay community on the eve of its latest march on Washington. In a speech to the world's largest gay political group, the Human Rights Campaign, Obama essentially said two things: I'm with you. But I can't do much...

Author: /time Magazine | Title: Obama's Gay Outreach: All Talk, No Action | 10/11/2009 | See Source »

...question whether the President is a real friend of their eco-image and the carbon-neutral campaign. His commitment to protecting national parks has come under fire from conservationists. Worse, they say, he recently lifted a ban on open-pit mining. The move is likely to result in the largest such gold mine in Central America, Las Crucitas, to be operated by a Canadian-owned firm, Infinito, and will require clearing 125 acres (50 hectares) of forest land. It also has environmentalists in Costa Rica and Nicaragua warning of a cross-border eco-catastrophe in the event of cyanide leaks...

Author: /time Magazine | Title: Costa Rica's President: It's Not Easy Staying Green | 10/10/2009 | See Source »

Like many things in Japan, the message is subtle. At least Japan's All Nippon Airways (ANA) hopes it is, now that the nation's second largest airline has started quietly asking passengers in Japanese to use the bathroom before boarding any of its 38 domestic flights or four international flights between Tokyo and Singapore. The request is part of the airline's "ecological flight" program, now in its fourth year, to reduce its carbon footprint by lightening planes' loads and reducing fuel consumption. Through the month of October, ANA aims to reduce wgat it carries into the atmosphere...

Author: /time Magazine | Title: Go Early: Japanese Flyers Get Some Bathroom Advice | 10/9/2009 | See Source »

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