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...vast majority of the nation's banks are still stable. But the report notes that 12 banks failed last quarter and a total of 25 failed last year. That was the highest number since 1993, when 50 failed. More disturbing, an additional 252 banks, representing $159 billion in assets, went on the FDIC's "problem list," up from 76 institutions, worth $22 billion, at the beginning of 2008. That increase is already translating into what could be a record number of bank failures in 2009. Already this year, 19 banks have failed...

Author: /time Magazine | Title: FDIC Reports That Bank Failures Are Rising | 2/27/2009 | See Source »

...city has no place to go but out. Real estate--cramped central Paris is a mere 41 sq. mi. (105 sq km). That may not compare badly with Manhattan's 24 sq. mi. (62 sq km), but it's dwarfed by New York City's total 305-sq.-mi. (790 sq km) reach and the 610 sq. mi. (1,580 sq km) of Greater London. Meanwhile, London and New York City can accommodate residents, businesses and tourists somewhere Paris can't: high in the air, in skyscrapers. One of the elements that make Paris so appealing in the first place...

Author: /time Magazine | Title: Much Greater Paris | 2/26/2009 | See Source »

...said. “Jeff and Dan are doing a great job at the libero position. Shaun’s getting better, and we’ve been working on his blocking. I think we’re going in the right direction.”Harvard committed a total of eight errors in the first set while the Raiders faltered only three times. A .500 team attack percentage propelled Rivier’s offense to a commanding 30-18 victory. “Our serving and passing just wasn’t up to par tonight...

Author: By Kevin T. Chen, CRIMSON STAFF WRITER | Title: Rivier Controls Tempo and Secures Win | 2/26/2009 | See Source »

...Taxpayers for Common Sense. "They have got to draw it in 2010 or it's irrelevant, whatever the promises are." (The Democratic leadership estimates that there are only $3.8 billion earmarks in the bill, while Ellis' nonpartisan watchdog group includes Army Corps of Engineers projects to reach a total of $7.7 billion - a figure still under Obama's targeted 1994 figure of $7.8 billion.) (See the full text of Obama's first speech before a joint session of Congress...

Author: /time Magazine | Title: Does Obama Have a Double Standard on Earmarks? | 2/26/2009 | See Source »

...emerging investment funds in wine and fine art - as an opportunity to diversify, or seek "exotic beta," in finance parlance. Though real returns may occasionally hit the high double digits, says Shumba, investing here can seem like playing Russian roulette: the exchange is highly fickle and illiquid, with a total market capitalization that has fluctuated tenfold in the past year and a trading volume less than one-hundredth the size of the Johannesburg exchange (itself a modest operation by global standards). And then there's the risk that the government could simply confiscate your money...

Author: /time Magazine | Title: 25-Min. Workweek on Zimbabwe's Stock Exchange | 2/26/2009 | See Source »

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