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...Paul Schulte, a former Lehman Brothers star analyst who is now with Japan's Nomura (which took over bankrupt Lehman's Asian operations), recently compared bank balance sheets in various countries and discovered significant differences. One telling disparity is leverage. The higher the leverage, the greater the risk, and despite efforts to put them on sounder financial footing, U.S. and European banks remain overstretched by historical standards and relative to their peers. (See the top 10 bankruptcies...

Author: /time Magazine | Title: Why China's Banks Are Stronger than America's | 6/3/2009 | See Source »

...Took 'em long enough.' PAUL HOUSE, a 47-year-old former death-row inmate, on learning he had been exonerated after 22 years in a Tennessee prison...

Author: /time Magazine | Title: Verbatim | 6/1/2009 | See Source »

Scarborough writes, "instead of building empires abroad, Republicans should aim to balance their books at home." In other words, Republicans should listen to Ron Paul. Henry Miller, CARY...

Author: /time Magazine | Title: Inbox | 6/1/2009 | See Source »

...original version of this story misstated that Paul Hill killed David Gunn. Gunn was killed by Michael Griffin. Hill murdered another doctor, John Britton, in Pensacola...

Author: /time Magazine | Title: Tiller's Murder: How Will It Impact the Abortion Fight? | 6/1/2009 | See Source »

...unanimously declared Al Franken the winner of the longest contest for U.S. Senate in the state's history on June 30. After nearly eight months, millions of dollars in legal fees, two appeals and a recount, GOP incumbent Norm Coleman conceded gracefully, telling reporters in front of his St. Paul home, "I have never believed that my service is irreplaceable. We have reached the point where further litigation damages the unity of our state, which is also fundamental. In these tough times, we all need to focus on the future. And the future today is: we have a new United...

Author: /time Magazine | Title: How Will Al Franken Make a Difference in the Senate? | 6/1/2009 | See Source »

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