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The valuation of a mortgage bond like Jupiter is a white-hot argument. Most Wall Streeters agree that a large number of such bonds--amounting to hundreds of billions of dollars, perhaps trillions--are worth far less than their stated, or par, value. How much less is central to resolving...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

APPOINTED Milwaukee Archbishop Timothy Dolan, 59, was tapped by Pope Benedict XVI to be the 10th Archbishop of New York City. Known as a genial but steadfast defender of church orthodoxy, Dolan will assume the post, perhaps the most prestigious in American Catholicism, on April 15.

Author: /time Magazine | Title: Milestones | 2/26/2009 | See Source »

A beloved Milwaukee priest known for his jocular demeanor (he once said Mass in a bright orange Wisconsin-cheesehead hat) and for restoring the archdiocese's reputation following a sex scandal, Archbishop Timothy Dolan, 59, is set to be the next Archbishop of New York City, perhaps the nation's...

Author: /time Magazine | Title: New York Archbishop Timothy Dolan | 2/26/2009 | See Source »

The day after Timothy Geithner was appointed Secretary of the Treasury, about a month ago, Camden Fine got a call requesting his presence. The head of the Independent Community Bankers of America, a Washington-based association of thousands of small banks, was asked if he could meet Geithner the following...

Author: /time Magazine | Title: Will Smaller Banks Get Government Help Too? | 2/24/2009 | See Source »

In a month of bad public relations for the Vatican, the opportunity to name a replacement for the retiring and less-than-media-friendly Cardinal Edward Egan, 76, Archbishop of New York, was a godsend. The man announced on Monday to lead the archdiocese arrives well equipped for the job...

Author: /time Magazine | Title: New York's New Archbishop: A Winning Papal P.R. Move | 2/23/2009 | See Source »

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