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...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 its capital by in the next six months...

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

...university was jubilant. His ideals of shared sacrifice and spreading the wealth, however, appear to have made few inroads on campus (“HLS Will Cut Staff To Trim Budget,” News, May 6). While faculty and top administrators, most of who earn six figures, face the annoyance of not receiving pay raises, staff and service workers are threatened with losing their jobs altogether. In this economy, it is unlikely they can find new ones. In The Crimson and elsewhere, calls have been made for administrators, faculty, and higher-paid staff to take pay cuts to save...

Author: By Stephen Helfer | Title: HLS Staff Sounding Off | 5/14/2009 | See Source »

...Watch "Voices In Baghdad, Six Years...

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

...idea that the Afghan intelligence service would break bread with the Pakistani Inter-Services Intelligence directorate, which created the Taliban, is mind-boggling.) These advances were given greater heft by positive developments on the ground - especially Pakistan's apparent decision to stop the Taliban advance toward Islamabad, using six to eight brigades transferred from the Indian border. (See pictures of the battle against the Taliban...

Author: /time Magazine | Title: Obama's Partner Problem in Afghanistan and Pakistan | 5/14/2009 | See Source »

...response to China's gains - which include putting out three new submarines a year since 1995 - neighboring countries have also set about beefing up their fleets. Just a week after the ceremonies in Qingdao, Vietnam announced its purchase of six kilo-class submarines from Russia. On May 2, the Australian government published a white paper outlining a twenty year, $74 billion plan to revitalize its navy so it could be ready, if need be, to counter a "major power adversary" - a thinly veiled reference to how some defense officials there imagine China's military project. "The front line...

Author: /time Magazine | Title: China's Navy Grows, and the World Watches Warily | 5/13/2009 | See Source »

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