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...balance sheet less than a third the size of Citi's, went down, the FDIC immediately flipped the company to JPMorgan Chase. But marrying off Citi was not a viable option. "There isn't anyone to hand Citi to," says Roy Smith, a professor of finance at New York University's Stern School. "This is the King Kong of banks." (See pictures of the global financial crisis...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

...addition to her post-graduation work as an analyst at a New York-based investment firm, Sprague began to participate in marathons, and what began as a curious mingling of travel and running turned into a personal mission to run a marathon on all seven continents...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Long Distance Runner Covers the Globe | 11/25/2008 | See Source »

...Complaint: In September, Schillaci was returning to New York City from Palermo, Italy. What she didn't know was that her suitcase wasn't coming with her. When her luggage failed to appear at JFK airport, Schillaci filed a claim with Eurofly. She was especially desperate to get her bag back because it contained more than $1,000 worth of new clothes she'd bought in Italy. We're not talking T shirts from the Gap. These were fine Italian-made garments...

Author: /time Magazine | Title: Eurofly Loses a Bag, With No Apologies | 11/24/2008 | See Source »

...Some respected voices certainly think so. Nouriel Roubini, a professor at the Stern Business School at New York University, has warned for years of the dangers of a coming financial implosion. "The risk of a hard landing in China is sharply rising," he wrote recently. "A deceleration in the Chinese growth rate to 7% in 2009 - just a notch above a 6% "hard landing" - is highly likely, and an even worse outcome cannot be ruled out at this point." But other analysts, many of whom are China specialists, believe that a range of factors unique to the nation will...

Author: /time Magazine | Title: Is China Headed for a Hard Landing? | 11/24/2008 | See Source »

...peacekeeping operations in Liberia, Cote d'Ivoire and Sierra Leone before being transferred to Congo in October 2007. He spoke to TIME's Africa bureau chief, Alex Perry, by telephone while en route to U.N. headquarters in Geneva and then the U.N. Security Council in New York...

Author: /time Magazine | Title: What Kind of Peace Is There to Keep in Congo? | 11/24/2008 | See Source »

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