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...banks' capital. But if the government buys those assets at current market rates, banks would be forced to take immediate losses on the sales, doing more harm than if the government just left the troubled loans where they are. Sources say the Federal Reserve would prefer to let the banks keep the loans and troubled bonds for now and instead provide the banks with insurance policies guaranteeing that the government will swallow a good deal of future credit losses. But a similar deal that the Fed struck with Citi did little to boost that company's stock or stave...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...Thirty companies laid off almost 200,00 people in January. Tens of thousand of smaller firms which the credit crisis is likely to hurt badly probably let workers go at a much more rapid pace. No one would be terribly surprised if total unemployment rose by nearly one million people in the first month of the year...

Author: /time Magazine | Title: GDP Drop: Not As Bad As Feared, But Worse Is Ahead | 1/30/2009 | See Source »

...established a cancer-research fund in her name, and I encourage you to visit JimmyV.org to learn more about it. Let's fight this disease with energy, bravery and grace. Just...

Author: /time Magazine | Title: Kay Yow | 1/29/2009 | See Source »

...often the case whenever abortion or birth control is the topic, the debate has generated much heat and very little light. With that in mind, let's try to separate fact from fiction on the family-planning flap...

Author: /time Magazine | Title: Behind the Family-Planning Flap | 1/29/2009 | See Source »

Even so, Secretary of the Army Pete Geren has recalled the sets as a precaution. The Army statement quotes Geren as saying, "Let's put this into perspective. Out of more than 2,300 body-armor tests conducted by the Army, the Department of Defense IG is questioning three of them." Even those three, he adds, satisfied the department's testers. "And let's not forget, since 2002, we have produced and fielded over 2 million plates of body armor. That body armor has saved the lives of thousands of soldiers...

Author: /time Magazine | Title: How Safe Is the U.S. Army's Body Armor? | 1/29/2009 | See Source »

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