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...four of the six largest deals in 2009. Its biggest score came in January when it was picked by Pfizer to be one of the drugmaker's advisors on its $68 billion acquisition of rival Wyeth. "We are very proud of the success we have had this year," gushes Mark Shafir, who is the head of the M&A division at Citi...

Author: /time Magazine | Title: Citigroup's Mergers Business Is Still Thriving | 3/27/2009 | See Source »

...recent Sunday, Keley Hill piloted a 39-ft. (12 m) Midnight Express powerboat near the border. The boat sloshed in the 4-ft. (1.2 m) chop, running lights out to avoid detection. Supervisory agent Mark White stood on the bow, peering through night-vision goggles that revealed an empty sea clear out to Coronado island, 8 miles (13 km) away. Hill, director of the CBP's marine-interdiction unit in San Diego, busied himself scanning the green squiggles on the radar screen and radioed to agents in helicopters hovering above the coastline. "They're the bird dogs," Hill says...

Author: /time Magazine | Title: Watching for Immigrants Off California's Coast | 3/26/2009 | See Source »

...History doesn't repeat itself," Mark Twain is supposed to have said, "but it rhymes." Does America in 2009 rhyme with the Britain of 1909? Back then, the British were finishing a proud century as the most important nation on earth - economically, politically, militarily, culturally. But the U.S. was coming on fast, having already overtaken the Brits economically. Between the beginning of World War I and the end of World War II, as America turned into the unequivocal global leader, Britain became an admirable also-ran, radically diminished as a global player. If the 21st century rhymed, China would...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...liver, it's the ultimate indulgence in taste and texture. But even fans of the delicacy can't help but think about how it came to be. To make foie gras, farmers force-feed their fowl via a metal tube inserted in the ducks' throats. Chicago Tribune entertainment reporter Mark Caro was thrust into this very dicey corner of haute cuisine when he wrote a 2005 story about a famous Chi-Town chef's sudden ban on foie gras and the hatred in the foodie community he inspired. (Read "Fight for Your Right...

Author: /time Magazine | Title: Mark Caro, author of The Foie Gras Wars | 3/26/2009 | See Source »

...superrich from hitting the middle class - and opted for a shorter time line of just five years vs. the 10-year budget the White House had crafted. "Given the state of the economy, everyone agrees that it's very difficult to predict the next five years," said Senator Mark Pryor, an Arkansas Democrat, "let alone 10 years...

Author: /time Magazine | Title: Obama's Budget Fight Starts with His Own Party | 3/26/2009 | See Source »

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