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...horse-drawn carriage as its corporate mascot, have risen nearly 200%, to $24 per share, in less than three months. And while the stocks of all banks are up over that period, Wells Fargo's increase is more than double the rise of the KBW Bank Index. As a result, Wells' shares are starting to look pricey - and the bank is still facing tens of billions of dollars more in loan losses in the next two years...

Author: /time Magazine | Title: Has Wells Fargo Stock Run Too Far? | 5/28/2009 | See Source »

...star general told me in 2005, "ask him two questions and see which one lights up his eyes. Ask him what our force posture should be toward China 10 years from now. And then ask him what tactical changes we should make on the ground in Iraq as a result of the last three months of combat. I'll bet you anything, he gets more excited about China...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

...negotiating over the budget is likely to turn brutal, although Obama aides insist the President will veto the budget if Gates isn't satisfied with the result. And then there are the wars - especially Afghanistan, which Gates has said he hopes will turn around in the next year, but which has obviously become a more difficult enterprise than anticipated. Gates originally had planned to retire after a year or so, but he seems to have settled in, found a level of comfort and influence with the Obama Democrats that he never quite expected. "I don't do maintenance," Gates told...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

...long-range ballistic missile in early April, Beijing helped promote the fig leaf at the U.N. Security Council that the rocket carried a communications satellite and thus might not be a direct violation of two U.N. resolutions calling on Pyongyang to cease its nuclear and ballistic-missile programs. The result was a toothless "presidential statement" from the Security Council. Now, with the test of another nuke on May 25 - this one with more than 20 times the explosive capacity of its predecessor three years ago - Pyongyang has put the Chinese leadership in the one place they hate to be during...

Author: /time Magazine | Title: China Gropes for a Response to North Korea's Nukes | 5/28/2009 | See Source »

...newly displaced are living in private homes in towns across the northwest, where they are provided with shelter but are struggling to find food and medical attention. While international aid agencies focus on the camps, the hundreds of thousands of refugees staying outside them are unregistered and, as a result, cannot access crucial supplies...

Author: /time Magazine | Title: Fleeing the Taliban, Pakistani Refugees in Limbo | 5/27/2009 | See Source »

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