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...little deeper, though, and Citi's stress-test results look more like an F than the B+ the bank seemed to get. Among the 19 banks the government probed, Citi was found to have the lowest common capital ratio, which the government said was a key measure to protect against insolvency. What's more, Citi also got credit for a capital conversion it has yet to complete. Strip that out, and the amount of capital Citi needs balloons to nearly $63 billion, more than any of the other banks tested. (See pictures of the dangers of printing money...

Author: /time Magazine | Title: Inside Citi's Stress Test: More like an F than a B+ | 5/14/2009 | See Source »

...editors: In discussing NATO’s efforts to protect Georgia from further Russian aggression (“Exercising Power in Georgia,” Opinion, May 13), Ellen C. Bryson offers readers much information that is incomplete and misleading. Ms. Bryson fails to inform readers that Russia has recently stood alone against the entire Organization for Security and Cooperation in Europe to block impartial observers from monitoring the disputed border between Russia and Georgia. Thus, it is Russia that leaves NATO with no alternative other than military confrontation. She fails to acknowledge that Russia has played...

Author: By Kim Zigfeld | Title: Russian Moves in Georgia | 5/14/2009 | See Source »

...claim from the government that the photos' release should be barred because of the generic danger it would pose to U.S. troops. But by encouraging government lawyers to consider appealing the case to the Supreme Court, Obama can at least be seen as doing all he can to protect the troops serving under his command. That's critical, given the fact that U.S. troops are fighting Islamic militants in Iraq and Afghanistan. Obama has also made it clear that the worsening situation in Afghanistan requires delicate negotiations and cooperation with Muslim, and nuclear-armed, Pakistan. And his reversal...

Author: /time Magazine | Title: Obama's Delicate Balance on National Security | 5/14/2009 | See Source »

...This is about a ban on degrading games in which killing or injury are simulated," Wolfgang Bosbach, deputy chairman of the Christian Democratic Union's (CDU) parliamentary faction, tells TIME. "In general, we need tougher gun laws because we have to protect the public from the misuse of weapons, and we also need to take our laws seriously." (See pictures of America's fascination with firearms...

Author: /time Magazine | Title: New German Gun Laws Could Ban Paintball | 5/14/2009 | See Source »

...posturing nearly drowned out the testimony of the only man at the hearing who had real experience extracting vital information from al-Qaeda terrorists: former FBI interrogator Ali Soufan. With cameras turned away from his face in order to protect his identity, Soufan gave a detailed account of the interrogation of Abu Zubaydah. The suspected al-Qaeda operative, he said, was giving up actionable intelligence - including the identities of 9/11 mastermind Khalid Sheikh Mohammed and the so-called dirty bomber, Jose Padilla - long before the controversial interrogation techniques were applied. Once the harsh methods were used, Abu Zubaydah just shut...

Author: /time Magazine | Title: Partisan Passions Dominate Interrogation Hearings | 5/13/2009 | See Source »

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