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...even excluding the payments the banks made to the government, the fourth quarter was still a doozy. Sales at Citigroup, for instance, fell in three of its biggest units - investment banking, consumer banking and transaction processing - compared with the prior quarter. So while Citi's government-assistance repayment accounts for a big part of its losses, even without that, the bank still lost $1.4 billion in the last quarter of 2009. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: Bank Earnings: Economic Woes Persist | 1/20/2010 | See Source »

...Forbearance and modification programs are helping for now," says analyst Paul Miller, who follows the banks at FBR Capital Markets. "We still have a lot of people who owe more than their house is worth. It's not sure how that will play...

Author: /time Magazine | Title: Bank Earnings: Economic Woes Persist | 1/20/2010 | See Source »

...plan, while still in its infancy, appears to be targeting the website's most frequent readers. Most of the visitors to NYTimes.com pop in infrequently, directed there by search engines and Web aggregators like the Huffington Post or the Drudge Report. For those people, things will not change much come 2011, when the plan is due to go into effect. But heavier users of the site, like those who fire up the computer in the morning to see what the Times has to say, will have to spend. The plan appears similar to that pursued by London's Financial Times...

Author: /time Magazine | Title: The New York Times to Gingerly Charge for Website | 1/20/2010 | See Source »

...approach is that while it doesn't cut the paper off completely to all those ad-revenue-generating eyeballs, it also doesn't continue to give away the store for free. The downside is that it's neither fish nor fowl: people who might pay for the paper are still going to try to get it for free if there's a way to do so. At the same time, the pay plan will limit the website's traffic - at 17 million monthly readers, it's the biggest of the newspaper websites - and therefore its ad moola...

Author: /time Magazine | Title: The New York Times to Gingerly Charge for Website | 1/20/2010 | See Source »

...depression as those without migraines, while this new Dutch study shows that closely related people aren't even twice as likely to share both conditions. But Terwindt says that's the wrong comparison to make. She says her team used a much stricter definition of migraine than usual, and still found a positive association between that condition and depression, which serves to support rather than contradict previous studies...

Author: /time Magazine | Title: A Genetic Link Between Migraines and Depression? | 1/20/2010 | See Source »

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