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...considerable value, real as well as symbolic. The money, Beijing announced on Nov. 9, would go mainly to new infrastructure, homes, schools and clinics, especially in the country's poorer regions. Taken together with the recent alleviation of taxes plus changes to the rural-land law that will allow farmers to lease their land and free them to work elsewhere, the initiatives amount to what Jing Ulrich, the head of JP Morgan's China equities business, calls "a New Deal with Chinese characteristics...

Author: /time Magazine | Title: The Moment | 11/13/2008 | See Source »

Then there are the firms that are not traditional banks that are starting to line up for bailout funds. Earlier this week, American Express filed to change its status to a bank-holding company, which would allow the credit-card giant to apply for TARP funds. Analysts estimate that AmEx could receive as much as $3.5 billion in federal aid. GE Capital is also reportedly looking into applying for a Treasury investment. The troubled finance unit of industrial giant General Electric could receive as much as an $18 billion investment. What's more, a number of members of Congress...

Author: /time Magazine | Title: The Bailout Fund — Running Out of Cash | 11/12/2008 | See Source »

...their opposition found legal sanction in a 125 million dollar settlement, halting the scanning of material still under copyright. Harvard University, which has been cooperating with Google and four other libraries, decided to extract itself from the project as legal liabilities mounted. Going forward, the University will only allow Google to scan works that are no longer protected by copyright. While the protection of intellectual property would seem a compelling reason to stop Google, we feel that publishing companies need to be less obstructionist and more proactive in digitizing their material. Harvard University’s withdrawal is unfortunate...

Author: By The Crimson Staff | Title: No Results Found | 11/11/2008 | See Source »

...prove tricky. At least some of the evidence against Mohammed looks to have been gathered during harsh interrogations, which may make it inadmissible in court. His arrest and detention had none of the necessary steps provided under U.S. civilian law that help safeguard the rights of suspects - and sometimes allow for loopholes for some to minimize or evade prosecution. Many of the same legal obstacles would arise in any attempt to court-martial Mohammed, because regular military courts have comparable rules about evidence and legal procedure...

Author: /time Magazine | Title: How to Close Guantánamo: A Legal Minefield | 11/11/2008 | See Source »

...Antonio Amadori, an experiential psychologist and author of a book on Berlusconi, Mi Consenta (Allow Me), believes the Prime Minister is ultimately driven by a desire to "completely fill" the public consciousness. "Asking why he does things is like asking why Jerry Lewis does things," he says. "This is who he is. He is theatrical and believes in his own charisma and abilities to improvise...

Author: /time Magazine | Title: Why Berlusconi Loves a Good Gaffe | 11/11/2008 | See Source »

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