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When the results of the government's financial stress tests were announced last week, Citigroup seemed to have dodged a bullet. The bank, long thought to be in the worst shape among the nation's largest lenders, was said to need just $5.5 billion in capital in order to return to health. No small sum, to be sure. But amazingly, what Citi was required to raise was less than half the $13.7 billion that competitor Wells Fargo was told to come up with. And far less than the nearly $34 billion that regulators said Bank of America needed to bolster...
...surge of violence in Iraq hasn't changed the Obama Administration's plans to withdraw American troops from the country, it has certainly forced many Iraqi refugees to put off plans to return to the country. A series of bombings across Iraq in April killed more than 200, the highest monthly body count in roughly a year. Andrew Harper, head of the Iraq Support Unit created by the U.N. High Commissioner for Refugees (UNHCR), told TIME that the rate of refugee return slowed dramatically in April. And a "significant number" of returnees have turned around and fled the country again...
...Iraqi government says fewer than 1% of the refugees have returned home. (The International Organization for Migration estimates that 18% of the 1.6 million internally displaced Iraqis have returned to their original homes.) Few refugees have signed up for the UNHCR's own programs offering financial assistance and subsidized transportation for those wanting to return. Many of those who do go back don't inform the U.N. unit, for fear of being taken off its refugee register. "They want to keep options open," Harper says. (See pictures of the Iraqi man whose job is to bury Baghdad's unclaimed dead...
...guidelines don't mean Iraq has turned a corner, aid workers fear that's exactly how they will be taken by officials in Damascus and Amman - with dire consequences for the refugees. "I'm wary that this will be interpreted by asylum countries that it's O.K. to return Iraqis forcibly," says Bob Carey, vice president for resettlement and migration policy at the International Rescue Committee...
...Gaza, the West Bank and the Persian Gulf countries. Just as Iran makes clear with bellicose threats by President Ahmadinejad that it would destroy Israel if the U.S. launched an attack, it aims to deter an Israeli attack by stressing the price U.S. forces would have to pay in return...