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...Banks still have time to be approved for the TARP program. Applications for the program are officially not due until Nov. 14. And the Treasury Department has confirmed only a few of its investments. Moreover, taking government funds will force the firms to restrict executive compensation as well as make it tougher for them to increase their stock dividend. So some banks may pass. On Wednesday, officials of the Bank of Oklahoma said they would not tap the TARP program, adding that the bank was well capitalized...

Author: /time Magazine | Title: Banks Left Out of TARP Bailout Could Face Extinction | 11/13/2008 | See Source »

...their money in so-called funds of hedge funds, which spread risk by investing in a portfolio of hedge funds and hence are considered safer. But since hedge funds are doing badly, so are funds of hedge funds, which appear to be headed for their worst year ever. On Nov. 6, shares in London-based Man Group, the world's largest publicly traded fund manager, fell 31% on news that its Man Global Strategies fund of funds had lost more than 20% of its value so far this year...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

...Nov. 14, the Nebraska legislature is meeting to change the safe haven law so that it only applies to babies younger than 3 days old. How soon will that change occur? As soon as the governor signs the bill it will immediately become law and go into effect. The soonest it will happen will be November 21, one week after the session convenes. At that point, if a person leaves a child who is outside the age limit, then that person can be criminally prosecuted for the abandonment of that child...

Author: /time Magazine | Title: Nebraska's Abandoned-Kid Law | 11/12/2008 | See Source »

Their maternal grandmother, Madelyn Dunham, died two days before the Nov. 4 presidential election in the two-bedroom apartment where Dunham raised Obama. The e-mail was shared with this reporter (and with the daily Honolulu Advertiser). (See pictures of Barack Obama's family tree...

Author: /time Magazine | Title: An E-Mail from Obama's Sister | 11/12/2008 | See Source »

...Nov. 1 telephone address to tens of thousands of his supporters who had gathered in a Bangkok stadium, Thaksin brushed off concerns about his refuge woes. Several countries, he has claimed, have offered him honorary citizenship. Although Thaksin didn't specify his possible future home, the Bahamas did express initial willingness to host the former premier when he fled Thailand this summer after his wife was found guilty of tax evasion. Thai media have also reported that the Central African Republic might take Thaksin in if he's willing to invest some of his fortune in one of Africa...

Author: /time Magazine | Title: One Self-Exiled Ex-Premier Seeking New Nation, with Fairway | 11/12/2008 | See Source »

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