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In its latest move to prop up the nation's flailing financial system, the U.S. government unveiled plans on Monday to rescue one of the world's biggest banks, plowing $20 billion of new capital into Citigroup and shouldering up to tens of billions of dollars in losses tied to...

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

4. Uncle Sam to the Rescue, Again

Author: /time Magazine | Title: Will Citigroup Survive? Four Possible Scenarios | 11/22/2008 | See Source »

Zhang, 36, has little time for such expressions of grief. As a Communist Party cadre from Beichuan, he was working in a village in nearby Xuanping prefecture when the tremors hit. The hamlet's 2,000 survivors were cut off from the outside world. For days there was no news...

Author: /time Magazine | Title: Rising from The Rubble | 11/20/2008 | See Source »

What needs to emerge from the summit in terms of a coordinated response to the crisis? I think we'll need to show some leadership. The wildcard factor in this economic slowdown is that no one's quite sure how Asia will come through. If it comes through better than...

Author: /time Magazine | Title: Trading Up | 11/20/2008 | See Source »

'Is Kashkari a chump?' REPRESENTATIVE ELIJAH CUMMINGS, questioning Neel Kashkari, manager of the Treasury Department's $700 billion rescue plan, after bailout recipient AIG spent $503 million on executive bonuses

Author: /time Magazine | Title: Verbatim | 11/20/2008 | See Source »

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