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...deadline day for banks. The nation's 19 largest lenders have spent the past month trying to prove to regulators they are financially strong. Today, we will start to find out if their efforts have been enough...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

...failure is an indicator of the region's political health. But within days of the vote, as counting continued, paramilitary police stormed the election-commission offices in Nairobi and forced them to declare for incumbent President Mwai Kibaki. The President is a member of the Kikuyu, Kenya's largest tribe and a group widely resented for its dominance of government and business since independence in 1963. Opposition leader Raila Odinga, a Luo from western Kenya, accused the Kikuyus of trying to keep power for themselves. His supporters, mainly Luo and Kalenjin from around Eldoret, set the country on fire...

Author: /time Magazine | Title: Kenya's Unfinished Reckoning | 6/8/2009 | See Source »

...that? You could start with the Metropolitan Museum. The nation's largest and wealthiest art museum is in no danger of disappearing. But having watched its mighty endowment shrink last year from $2.9 billion to $2.1 billion, its administrators decided a few months ago to cut staff 10%. The Met is not alone. Endowments have shrunk everywhere, and sizable budget cuts have been the rule at museums in Atlanta, Baltimore, Denver, Detroit, Indianapolis, Los Angeles, Philadelphia and San Diego. In February the 35-year-old Las Vegas Art Museum simply gave up and shut its doors for good...

Author: /time Magazine | Title: Culture Crunch: The Recession and the Arts | 6/8/2009 | See Source »

...tell you the truth, they were rude.' RAMON HUERTA, a retired chef, on the L.A. police officers who mistakenly raided his home during the largest gang crackdown in U.S. history, which yielded more than 90 arrests in a single...

Author: /time Magazine | Title: Verbatim | 6/8/2009 | See Source »

...that brought Hizballah worldwide infamy came the following year: the 1983 suicide bombing of a U.S. Marine barracks in Beirut, which killed 241 American servicemen - the largest single-day death toll for the Marine Corps since Iwo Jima. The eventual U.S. pullout from Beirut in 1984 was seen as Hizballah's first "victory" -strengthening their credibility within Lebanon as an organization that could truly bring about change...

Author: /time Magazine | Title: Hizballah | 6/8/2009 | See Source »

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