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...Citigroup results indicate continued deterioration on the credit side," says Christopher Whalen, managing director of research firm Institutional Risk Analytics. "Citi is an outlier in terms of loss rates, above Bank of America and Wells Fargo...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...still outperformed Citi in many parts of its business. Investment-banking revenues at Citi, for instance, fell 13% in the second quarter from a year ago; JPMorgan's investment-banking revenues rose 29% in the same time, according to Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives to rivals. The most notable departure thus far is Ajay Banga, who headed the bank's Asia Pacific operations. He left Citigroup last month for MasterCard...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority over the Fed - could bring a "perceived loss of monetary policy independence" that "could raise fears about further inflation, leading to higher long-term interest rates and reduced economic and financial stability...

Author: /time Magazine | Title: Bernanke Defends Fed's Actions Before Congress | 7/21/2009 | See Source »

...Canadian Manufacturers & Exporters, the country's largest trade and industry association. "Our manufacturing and export performance is the worst it's been since the end of World War II." He points to a 30% reduction in manufacturing orders over a six-month period ending in March 2009 and a loss of 221,000 manufacturing jobs in the past 12 months as evidence of the deepening crisis...

Author: /time Magazine | Title: Just When Canada Thought It Was in Recovery... | 7/20/2009 | See Source »

...around in space isn't as relaxing as it might sound. Astronauts expend a lot of energy and endure extreme stresses on their bodies. Their dietary requirements are therefore different from those of their gravity-bound counterparts on Earth. For example, they need extra calcium to compensate for bone loss. (Bones tend to regenerate slower in space, and the loss of mass begins almost immediately after takeoff). A low-sodium diet helps slow the process, but according to Kloeris, that's easier said than done. "There are no refrigerators in space, and salt is often used to help preserve foods...

Author: /time Magazine | Title: What Do Astronauts Eat in Space? | 7/20/2009 | See Source »

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