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On April 7, 1998, Citi was created from the merger of banking operation Citicorp and insurance operator Travelers. Citi has laid off tens of thousands of people over the past year, but it is still tremendously large, the way its founder hoped it would be, with more than 300,000...

Author: /time Magazine | Title: Why Citigroup Never Mattered | 1/14/2009 | See Source »

There is little doubt that Clinton's husband will figure in the conversation as well, no matter how much she might prefer that he not. Former President Clinton's wide-ranging international activities include tours on the lecture circuit, which earn him tens of thousands of dollars per speech, and...

Author: /time Magazine | Title: Clinton's Senate Hearing Is First Diplomatic Test | 1/13/2009 | See Source »

The Wall Street Journal reports that the Citi board has given CEO Vikram Pandit a vote of confidence. Even if the firm loses tens of billions of dollars this year, Pandit is getting that public support just the way his predecessor Chuck Prince did, right up until the end.

Author: /time Magazine | Title: The Imbecile's Ball: Citigroup Dances Around Management Change | 1/12/2009 | See Source »

A common strategy for beginning to understand big numbers is to devise visual representations. One time, sitting at a baseball game in Philadelphia, Paulos started counting seats along the first-base line. Multiplying the number of seats in a row by the number of rows, Paulos came up with a...

Author: /time Magazine | Title: How to Understand a Trillion-Dollar Deficit | 1/11/2009 | See Source »

The leaders of Bountiful insist that the reason for their arrests is not their wives but their faith. "This is not about polygamy," declared Winston Blackmore in a press statement on Thursday after he and Oler had been conditionally released from jail. "Tens of thousands of polygamists among many different...

Author: /time Magazine | Title: Raiding the Polygamists: An Eldorado North of the Border | 1/9/2009 | See Source »

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