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...Then there is Fifth Third Bancorp. The Cincinnati-based financial firm is one of a number of banks that have had to spend the past month pulling off some fancy financial gymnastics to meet their capital requirements. The stress test found that Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million...

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

...parts and even piles of dust, they could not name them. At a mass burial on May 14 beside the scorched earth where the church once stood, 18 of the coffins were pasted with strips of white tape on which was written UN ELD - for Unknown, Eldoret - and a number to distinguish them from each other. Trinkets, scraps of clothes and, in one case, a wheelchair had identified the other 20 victims...

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

...funded National Children's Study, which is enrolling 100,000 women who are or plan to become pregnant, with the goal of tracking the development of children from before birth to adulthood. Tack on some questions and blood draws and suddenly you've captured a huge number of potential subjects. But expanding the study costs money. Second Wavers like Georgetown bioethicist Maggie Little have begun searching for members of Congress who are willing to take up their cause. "This issue could make somebody on the Hill a hero," she says...

Author: /time Magazine | Title: The Risks (and Rewards) of Pills and Pregnancy | 6/8/2009 | See Source »

...squads themselves were a picture of contrasts. The Iranians have been long considered one of Asia's more talented and enigmatic outfits, a team that likes to play an attractive and skillful game of neat touches and quick passing. They boast a number of flashy stars who ply their trade in some of Europe's elite football leagues. In the past, Iran's mullahs have issued fatwas chastising national team players for growing their hair long. Still, there were plenty of flowing locks on Iranian heads in Pyongyang; the team commands such adulation from the country's football faithful that...

Author: /time Magazine | Title: North Korea Wipes Out Iran (from the World Cup) | 6/7/2009 | See Source »

...once I got out of Dow Jones, I really wanted to give it a go." He bought $5,000 worth of equipment, and spent another $150 or so on a class. The problem: as more people look to deejaying for extra cash, the oversupply will drive down the number of work opportunities for aspiring MCs, and the fees they can command. "Business is a little slow right now,' says Colvin, who also suffered a neck injury from an auto accident last month, making the job tougher. He has yet to make back his deejay investment. "I'm like a fireman...

Author: /time Magazine | Title: Why Deejay Schools Are Thriving in a Recession | 6/6/2009 | See Source »

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