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...Also troubling: Wall Street veterans are complaining that banks and other investment firms - many of which are recipients of federal aid - may be taking advantage of the taxpayer bailout of AIG to boost their profits. "It seems very possible that the banks are forcing AIG to unwind its contracts at a premium," says James Bianco, who runs a financial-markets research firm in Chicago...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...partnership with leading Africans but never suggest they represent Africans. Bono and Geldof represent themselves and others who want to see the world's richest governments keep the commitments they have made to Africa. These two have also argued that trade and investment will be more important than aid. But while business grows, African leaders at the International Monetary Fund conference in Tanzania in March made clear that development assistance is still needed too, for now. Kathy McKiernan, Global Communications Director, One, WASHINGTON...

Author: /time Magazine | Title: 10 Ways to Change the World | 4/2/2009 | See Source »

More along these lines is heading our way. The Administration hopes to harness our inertia with its automatic pension plan, a major step toward universal savings accounts, and by dramatically simplifying applications for federal tuition aid. Its push to computerize health-care records - another big-ticket stimulus item - could make generic drugs and cost-effective procedures our default treatments. And seniors who don't select health-care or drug plans could be automatically enrolled in low-cost options. "It would be nice if we all behaved like supercomputers, but that's not how we are," Orszag says...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...which would bring Hawaii within its reach. On March 31, Pyongyang announced that it will charge two young American journalists with "hostile acts," claiming that they strayed into North Korean territory from northeastern China. And despite a worsening economy, the regime said it would toss out international-aid workers who were delivering desperately needed food rather than accede to demands from both the U.S. and South Korea that the government allow aid agencies to monitor where the food goes. (See pictures...

Author: /time Magazine | Title: What's in Store for North Korea After Kim | 4/2/2009 | See Source »

...decision to cut off U.S. food aid has angered some officers, sources say. A chunk of that aid was diverted by the military for sale in private markets, which have become increasingly important in feeding the population. So halting aid not only risks another humanitarian disaster in the North - Kim presided over a famine that killed nearly a million North Koreans in the 1990s - but also reduces corrupt officers' incomes...

Author: /time Magazine | Title: What's in Store for North Korea After Kim | 4/2/2009 | See Source »

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