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...know the rest of that story. Citi is now on life support, owing its continued survival to $45 billion--so far--in federal aid. Its beleaguered top-management team is trying to undo most of the 1998 merger with Travelers. And the new Obama Administration is faced with the somewhat conflicting priorities of trying to avert a depression, nurse Citi and other banks back to health and prevent a repeat of the excesses that led to today's troubles--all while taking care that the U.S. government doesn't dig its own financial grave in the process...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

...Even if many Iraqis support his act, he is at the mercy of all kinds of extremists.' MAURO POGGIA, lawyer for Muntazer al-Zaidi, the Iraqi journalist who hurled his shoes at President Bush, on why al-Zaidi is seeking asylum in Switzerland...

Author: /time Magazine | Title: Verbatim | 1/21/2009 | See Source »

...make matters worse, public support for the Afghan war has grown noticeably soft. The reason is that to most Americans, the war in Afghanistan has always been principally a war against al-Qaeda--to retaliate for 9/11 and eliminate its safe haven--not a war to build a centralized, democratic state in the Hindu Kush, which is a far harder thing. Obama is right to increase America's military, economic and diplomatic muscle in Afghanistan and across the border in Pakistan, but that power surge will work only if he also sets more realistic expectations. Ultimately, the U.S. will have...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

...your story "Can Israel Survive?" [Jan. 19]: I propose that the U.S. say, "Israel, we love and support you but not your unethical occupation of Palestinian territory. If you really recognize the right to the existence of a Palestinian state, prove it by getting out of the occupied territories. You might say, 'Well, we did, in Gaza--and look how that turned out!' But the moral high ground would be yours. And you would certainly have more worldwide sympathy and support as the Palestinians continue to bad-mouth your right to exist." Larry Sarner, HAIKU, HAWAII...

Author: /time Magazine | Title: Inbox | 1/21/2009 | See Source »

...Gaza war has shifted the course of Israel's current election campaign. Avshalom Vilan, a Knesset member from Meretz, a left-wing party, said it would have been "committing political suicide" not to support the war. Both Meretz and the mainstream Labor Party did so but said the air strikes should have ended after the first three days to keep down the civilian casualties. "The electorate now has a deep hatred of Arabs, such distrust," says Vilan. "They see us as Arab lovers, and they don't accept that we're patriots fighting for the long-term interests of Israel...

Author: /time Magazine | Title: Israel's Lonesome Doves | 1/21/2009 | See Source »

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