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...Answering the second question - repairing bank balance sheets - is neither simple nor clear-cut. What is clear is that the capital needed will not come (entirely) from private hands. Banks and policymakers will essentially have a few different options: banks can issue more common stock; policymakers can push more conversions of preferred shares (or liabilities) into tangible common stock of the troubled banks; or more capital can be injected using taxpayers money, effectively taking control and (partially) nationalizing the banks...

Author: /time Magazine | Title: What the Stress Tests Didn't Tell Us | 5/8/2009 | See Source »

...their homes. That means the portion of the home market with the most expensive houses is beginning to collapse. If it follows the pattern of the rest of the sector, prices will correct downward quickly and brutally. The housing crisis will have moved to upper tier property which will push down overall home prices even more. Banks will take back more foreclosed houses. Those that they seize this time will just be larger and more opulent...

Author: /time Magazine | Title: During a Recession, Being Rich Loses Its Luster | 5/8/2009 | See Source »

...itself, MenSpeakUp had a chance to style itself as a bearer of straight talk and a mandate for cultural change. Instead, it chose to promote old rhetoric and stifle the chance for new debate. The group’s entry onto the scene will do little more than to push the chance for real dialogue farther away from the surface. Inevitably, the people this hurts the most are the true victims of sexual violence whose stories are drowned out by the distractions of an exaggerated and intellectually bankrupt movement...

Author: By Lucy M. Caldwell | Title: Talk We Don’t Need | 5/7/2009 | See Source »

...power Britain - is an issue of national pride for the Sri Lankan government. "They don't want to be told what to do," says Paikiasothy Saravanamuttu, executive director of the Centre for Policy Alternatives, a research institute in Colombo, and does not want humanitarian concerns to derail the final push against the LTTE...

Author: /time Magazine | Title: Behind Colombo's P.R. Battle Against the Tamil Tigers | 5/6/2009 | See Source »

...Renault, Toyota and Hyundai are also developing small cars for the low end of the Indian market, now defined by the Nano. Volkswagen is believed to have plans for a two-door, rear-engine car. "The Nano has opened a big market segment, and all the players will certainly push up their launches to attract those buyers fast," says...

Author: /time Magazine | Title: Indian Car Buyers Snap Up the Nano | 5/6/2009 | See Source »

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