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...large number of community banks that were very active in commercial real estate lending," says Robert Hartheimer, a Washington-based banking-industry consultant. "To the extent that the economy does not recover for a while, these types of loans are going to put a lot of stress on our nation's smaller banks...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

Bush, George W. •shredding of the preposterous endlessly repeated meme that the nation was "kept safe" by, a quintessentially ludicrous claim given that, among other ignominious fiascos, the worst attack on American soil, the destruction of a major American city, and the collapse of the American economy all occurred under the "watch...

Author: /time Magazine | Title: Paul Slansky's News Index: This Preposterous Week | 5/22/2009 | See Source »

...independent future. "It's an instrument that Russia uses to maintain influence in its so-called near abroad," says Valeriy Chaly, director of international programs at the Razumkov Center think tank in Kiev, referring to the former Soviet bloc countries. "History can be used to create a political nation. It's an important process that brings Ukraine closer to Europe. But Russia wants to stop, or at least control, this process." (See pictures of rich Russians...

Author: /time Magazine | Title: Russia and Ukraine Battle Over Their Shared History | 5/22/2009 | See Source »

...Judge Muhammadi Qunsuwa announced the case will be referred to Grand Mufti Ali Gomaa, the nation's highest religious official, who will rule on Moustafa's death sentence on June 25. Upon hearing the verdict, Moustafa's sister reportedly fainted in the courtroom just a few feet from the cage where her brother stood imprisoned during the trial...

Author: /time Magazine | Title: Hisham Talaat Moustafa: Egypt's Condemned Tycoon | 5/22/2009 | See Source »

...Appeared on Egyptian TV last August to deny rumors that he was involved in Tamim's death, arguing such gossip hurt the nation's economy, and proposing legislation making it a crime to spread rumors. His name was first linked with the homicide following the arrest of Mohsen al-Sukari, an ex-cop who had become a security guard at one of Moustafa's hotels. Security footage, fingerprints and blood-soaked cloathes dumped outside Tamim's building were later introduced as evidence of al-Sukari's guilt...

Author: /time Magazine | Title: Hisham Talaat Moustafa: Egypt's Condemned Tycoon | 5/22/2009 | See Source »

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