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...first Bank of the United States, the sort-of central bank whose charter Congress had allowed to expire the year before. City nearly went under in the Panic of 1837 but was bailed out by the country's richest man, fur magnate John Jacob Astor. Astor's associate Moses Taylor built City into a bulwark of sound finance--big capital reserves, stingy lending standards--that bankrolled the Union during the Civil War and easily withstood the first postwar financial panic...

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

...colors, dark, paneled wood and forest green walls. The place oozes elegant opulence, a throwback to the rich history of its home at the Willard Intercontinental Hotel, the "residence of presidents." A steady stream of mainstay figures in American history - Abraham Lincoln, Nathaniel Hawthorne, Bill Clinton, Aretha Franklin, Elizabeth Taylor and Barack Obama, to name a few - have tread the halls of the Willard and frequented the Round Robin...

Author: /time Magazine | Title: A D.C. Club Guide for Inaugural Weekend | 1/17/2009 | See Source »

...third runway may further undermine support for the government. For the villagers of Sipson, a Labour defeat at elections due by spring 2010 could yet save their homes since construction work isn't due to begin for at least five years. Still, nobody is banking on that outcome. Sheila Taylor, a pensioner who moved there in the 1930s, finds a very British way to look on the bright side. "I'll probably be gone by the time they start building," says the 77-year-old. "In a way, I hope that...

Author: /time Magazine | Title: Heathrow's Expansion: A New Kind of Blitz in England | 1/17/2009 | See Source »

Choosing Obama as TIME's Person of the Year was so predictable. TIME should change its name to the New Republic and follow the ideology of that publication. Ken Taylor, HARTFORD, TENN...

Author: /time Magazine | Title: Honoring Obama | 1/15/2009 | See Source »

...home and at work but still undyingly willing to have faith and hope. Shot intimately with handheld camera, it's a moving but unsentimental celebration of community, of pulling together not just because it's right but also because it's necessary. The show's moral center, coach Eric Taylor (Kyle Chandler) puts it best when a former player asks him why he insists on trying to help him get his life together: "Because I need something good to happen." Is there anybody in America who disagrees...

Author: /time Magazine | Title: TV's New Beginnings | 1/15/2009 | See Source »

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