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...certainly be much higher. To compensate, they have managed to raise $235 billion in new capital. The trouble is that the net loss of $99 billion implies that they will need to shrink their balance sheets by 10 times that figure - almost a trillion dollars - to maintain a constant ratio between their assets and capital. That suggests a drastic reduction of credit, since a bank's assets are its loans. Fewer loans mean tighter business conditions on Main Street. Your local car dealer won't be able to get the credit he needs to maintain his inventory of automobiles...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...looking at their 401(k)s drop[ping] $50,000 in a day, and they call and scream at me and say, You rat bastard, I'm never voting for you again!" Representative Elton Gallegly, a 64-year-old California Republican who voted no, said his hostile-call ratio went virtually overnight from 40 to 1 to a mixed bag--and he can understand why, because he lost $50,000 in savings on Monday. "And I'm getting to the point in my life where I can't start over," he says...

Author: /time Magazine | Title: How They Failed Us | 10/2/2008 | See Source »

...capital of the Jewish state," he now advocates dividing Jerusalem with the Palestinians. He wants to keep some of the Jewish settlements that adjoin Israel's pre-1967 border but accepts giving the future Palestinian state Israeli territory in a land swap with a "close to 1-to-1-ratio." "The notion of a Greater Israel no longer exists," Olmert says, "and anyone who still believes in it is deluding themselves...

Author: /time Magazine | Title: Olmert's Lame-Duck Epiphany About Palestinian Peace | 9/30/2008 | See Source »

...cannot put the ball on the ground,” Harvard coach Tim Murphy said. “We have to take care of the football. We were—it’s only the first game—but we were last in the league in turnover ratio in our first game. We got a victory against a good team. I said to our guys, you’re not going to survive that again against a good team. And we didn’t.”Harvard failed to score on six straight drives spanning...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Tripped Up | 9/28/2008 | See Source »

...Democrat a pen ...," grumbled one Republican Senate staffer Monday as he compared Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke's three-page plan to rescue the American financial system to the 40-plus-page proposal they got in response from the Democrats. And by that page ratio alone, it might look to the untrained eye as if Paulson's bailout package was headed for failure, an outcome that spooked markets to another day of stomach-churning 4% and 5% drops on Monday...

Author: /time Magazine | Title: Congress and the Bailout Plan: Business As Usual | 9/23/2008 | See Source »

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