Word: eras
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Decades of conservatism and very little new lending--by the mid-1940s, more than half of City's assets were in U.S. government bonds--gave way to a new era of growth in the 1950s. The drivers were international expansion and domestic innovation, and the leader was Walter Wriston. The bank's CEO from 1967 to 1984, Wriston changed the y in City to an i. After years of success, though, he left the bank with billions in bad loans to Latin America. Only profits generated by the U.S. retail-banking and credit-card juggernaut built by Wriston's prot?...
Fairly or unfairly, neatly or messily, sooner or later the switchover will happen. And when it does, we should take a moment to salute the passing of the analog era. Just as vinyl records gave rise to scratching and skipping, analog TV created a whole gallery of hallucinatory special effects: ghosting, snow, psychedelic colors, vertical hold. We hated them at the time, but we may yet come to miss them. Digital signals are more robust than analog--they're less prone to distortion, and when they break up, they do it in tidy little squares, which aren't nearly...
...cover story, capturing the singular, historic day, is by the great Joe Klein, whose cover story in October 2006 presciently suggested how Obama might become President. Now Joe discusses how Obama may usher in a new era of political civility. We also feature a photographic notebook by TIME photographer Callie Shell, whose behind-the-scenes photographs of Obama and his family have given our readers a special insight into the man and reveal what you can't see on television. This was her fifth Inauguration, and she says she had never experienced anything like it. She said Obama was moved...
...ceremony, photos of the crowd bracing against the cold reveal a lot of knit caps and bare heads. But closer to the epicenter of power, on the podium where President Barack Obama delivered his Inaugural Address, there was a noticeable flurry of fedoras - a nod, perhaps, to a bygone era when wearing a hat was a sign of respect and also celebration. (Look to Aretha Franklin's euphoric gray felt concoction.) Former Vice President Dick Cheney, Utah Senator Robert Bennett and the Rev. Jesse Jackson all wore fedoras during the ceremony. Later, at the Inaugural luncheon at Statuary Hall...
...boring. The millions who trekked to Washington for the Inauguration, who cried their eyes out and cheered their lungs raw, are testimony to the man's sheer inspirational power. Reagan's movement was called a revolution, but this may be more than that - the beginning of a whole new era of Obama-inspired and Obama-led citizen involvement. During the transition, the Obama website called for supporters to hold community meetings to discuss their health-care priorities. A staggering 10,000 meetings purportedly were held; 5,000 sent written reports - more paper! - to the transition office. This...