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...costs for bad loans jumped in the quarter by 81%, to $12.4 billion. The percentage of loans the company expects to go unpaid also continued to rise, though slightly less than before. Still, Citi's loans are going bad faster than those of many of its rivals. In the third quarter, the bank had a so-called net charge-off ratio, which is the percentage of loans that are likely to not be paid back compared to total loans, of 5.1%, according to CreditSights. That compares to a charge-off ratio of 2.6% for JPMorgan and 3.6% for Bank...

Author: /time Magazine | Title: Can Citi Ever Turn It Around? | 7/23/2009 | See Source »

...study are participants in a broader long-term research project, begun in 1998, that follows them from shortly before birth to age 11. To determine prenatal exposure to PAHs and other pollutants, mothers of these children wore special backpacks containing air-sampling equipment for 48 hours during their third trimester of pregnancy, capturing both indoor and outdoor air quality. Based on the results, they were divided into high-PAH-exposure and low-exposure groups. The mothers were healthy, nonsmoking black and Dominican-American women, ages 18 to 35, living in northern Manhattan and the South Bronx - not far from Columbia...

Author: /time Magazine | Title: Study Links Exposure to Pollution with Lower IQ | 7/23/2009 | See Source »

Copney and Blayn Jiggetts, the second man arrested so far in connection with the murder, reportedly fled Massachusetts soon after the shooting with a third suspect, whom police are still working to locate and apprehend...

Author: By Athena Y. Jiang and Peter F. Zhu, CRIMSON STAFF WRITERS | Title: Suspect in Harvard Shooting Pleads Not Guilty to All Charges | 7/22/2009 | See Source »

...Sufism really bend terrorist swords into plowshares? The question is most urgent in South Asia, home to more than a third of the world's Muslims and the cradle of Sufi Islam. Shrines of Sufi saints are ubiquitous in India and Pakistan and still attract thousands of devotees. Yet the Taliban in Pakistan have set about destroying such sites, which are anathema to their literalist interpretation of the Koran. "Despite our ancient religious tradition," says Ayeda Naqvi, a writer and Sufi scholar from Lahore, "we are being bullied and intimidated by a new form of religion that is barely...

Author: /time Magazine | Title: Can Sufism Defuse Terrorism? | 7/22/2009 | See Source »

...Permanent Court of Arbitration's remapping of the Abyei region reduces its size by more than a third. The new borders award several major oil fields to the north Sudanese government of President Omar al-Bashir but also make it more likely that the region will become part of south Sudan when the people of Abyei vote on their future in 2011. (See pictures of Darfur descending into chaos...

Author: /time Magazine | Title: Borders of Sudan's Oil-Rich Region Shrink | 7/22/2009 | See Source »

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