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...enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more aggressive in courting Dubai business and left itself open to far more losses in what now seems was a financial house of cards than any other U.S. bank. JPMorgan, the U.S. bank with the next highest loan exposure to Dubai, has $2.5 billion in loans outstanding in the U.A.E., according to Creditsights, less than half of what Citi may have...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

Houston voters made history in December, electing the first openly gay mayor of a major U.S. city. Annise Parker, 53, takes the oath of office on Jan. 1 to lead the nation's fourth largest metropolis, with some 2.2 million residents. Currently Houston's city controller, Parker has been open about her sexuality throughout her political career and has three adopted children with her longtime partner, Kathy Hubbard. "Tonight the voters of Houston have opened the doors to history," the Democrat said after winning the city's Dec. 12 runoff election. "But now, from this moment, let us join...

Author: /time Magazine | Title: Annise Parker, Houston's Gay Mayor | 12/15/2009 | See Source »

...exhibit, entitled β€œNew England Forests: The Zofnass Family Gallery,” is set to open in the spring of 2011. It seeks to make visitors feel as though they are actually walking on a curvy path through the forest, Hanken said...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Museum Receives $500K Donation | 12/14/2009 | See Source »

...Phoebe Kuo ’11, and William B. Peck ’12 against each other. (None of them, according to Tartaglia and Peck, had been involved in the controversial "break-in" that we told you about yesterday.) In an e-mail sent over the Eliot open list, Montelongo revealed everything that went down in this electrifying final round...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: And Now, the Finale of Eliot Assassins! | 12/14/2009 | See Source »

...help they need. The service has recently rewritten its 51-page Army Suicide Prevention pamphlet, and created numerous task forces and suicide-prevention programs. It has also begun letting soldiers seek help for substance abuse without telling their commanders. "We keep those substance-abuse counseling services open late at night and on weekends," Chiarelli said, "so people can make those appointments without their chain of command knowing...

Author: /time Magazine | Title: A Mounting Suicide Rate Prompts an Army Response | 12/14/2009 | See Source »

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