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...Finally, the deal Citi struck with the government may indicate to investors that the bank is actually in worse shape than many thought. To exit TARP, Bank of America was required to raise $18.5 billion in new capital, or about 40% of the $45 billion in capital it repaid the government. Other banks have had to raise as much as half of the amount they want to pay back the government in new capital. Citigroup, though, is required to raise more than 100% of what it wants to pay back - $20.5 billion in new capital, half a billion dollars more...

Author: /time Magazine | Title: Citi's TARP Repayment: The Downside for a Troubled Bank | 12/15/2009 | See Source »

...greatest threat to one of Christianity's holiest days. "It's the shopping, the going into debt, the worrying that 'If I don't spend enough money, someone will think I don't love them,' " says Portland, Ore., pastor Rick McKinley. "Christians get all bent out of shape over the fact that someone didn't say 'Merry Christmas' when I walked into the store. But why are we expecting the store to tell our story? That's just ridiculous...

Author: /time Magazine | Title: Church Group Attacks Christmas Commercialism | 12/15/2009 | See Source »

...October 1952, an acolyte of Mahatma Gandhi named Potti Sriramulu invoked the tactics of his teacher and went on a hunger strike. The nation of India - at the time just five years old - was still finding shape after centuries of division and colonial rule, with many of its diverse regions clamoring for greater political recognition. Sriramulu's fast came on behalf of tens of millions who, like him, spoke Telugu, a prominent south Indian language, and wanted their own state within the country...

Author: /time Magazine | Title: How to Rule India: Break It Into More Pieces? | 12/13/2009 | See Source »

...workout for them a couple months ago,” he said. “They told me ‘stay in shape. If anything happens, we’ll let you know...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Former Harvard QB, Now a Cheesehead | 12/11/2009 | See Source »

...thing the government may be best at doing job creation-wise is sticking to the thing it is in more of a position to control: long-term strategy. With major legislation taking shape on a range of issues, from health care to climate change, it is not at all clear what the business landscape will look like in the coming months and years. "There's a lot of evidence that suggests uncertainty right now is enormous," says John Haltiwanger, a professor of economics at the University of Maryland. "If some of these things were resolved, businesses might be able...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

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