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...testimony came when Wells asked Greenberg whether losing his job justified breaking that oath, implying that he had done so as revenge for his dismissal from AIG after serving as its chief executive for 38 years. "The fact that you lost your job was a big enough act to cause you to breach your fiduciary responsibility?" asked Wells...

Author: /time Magazine | Title: Greenberg on the Stand: Is the Ex–AIG Chief Lying? | 6/17/2009 | See Source »

...that would cut U.S. carbon emissions and international negotiators bickered over a global climate deal in Bonn, Germany, a new report by several federal agencies underscores the truths that too often risk getting lost in politics: global warming is real, it's happening now, and if we don't act soon, the consequences are likely to be catastrophic. (Read "The Human Cost of Climate Change...

Author: /time Magazine | Title: Climate-Change Report: From Bad to Worse | 6/17/2009 | See Source »

...manipulate the tensions between Russia and the West in his favor. Belarus is the only country that has successfully asked for and received loans from both Russia and the IMF, and Russia is still Belarus' major trading partner. But Lukashenko may not be able to keep up this balancing act for long. "If he wants to survive with Russia angry at his border, then Lukashenko needs to do some more thorough [political reforms] then he is willing to admit," says Vitali Silitski, director of the Belarusian Institute for Strategic Studies, pointing out that Belarus, run by a leader often referred...

Author: /time Magazine | Title: Russia-Belarus Relations Sour over Milk Ban | 6/16/2009 | See Source »

...Belarus could not survive without Russia," says Wilson. "But translating that into political reality has always been really difficult. At the end of the day, Belarus needs trade and resources to survive, both of which come from Russia." So for now, Belarus will have to keep up its balancing act between Russia and Europe - and hope that, soon, Russia goes back to drinking its milk...

Author: /time Magazine | Title: Russia-Belarus Relations Sour over Milk Ban | 6/16/2009 | See Source »

...hours after the speech, the right called Netanyahu's acceptance of a two-state solution a sign of Bibi's Obama-ization. "It was a brilliant speech, but Netanyahu surrendered to American pressure. We will act with all our power against a Palestinian state," said Dany Danon, a Likud party leader. The hard-line Prime Minister didn't seem eager to deny his common ground with Obama. "I share the President of the U.S.A.'s desire to bring about a new era of reconciliation in our region," Netanyahu said...

Author: /time Magazine | Title: Netanyahu, in Turnabout, Backs Palestinian State | 6/15/2009 | See Source »

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