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...Almost from the start, however, legal troubles tangled NBC's corporate history. In 1931 antitrust issues forced RCA to split from General Electric; the orphaned company moved into new digs in New York City's Rockefeller Center (which remains its headquarters to this day). Despite a spirited rivalry with fellow broadcasting giant CBS in the golden age of radio, NBC ruled the dial - a supremacy that sparked further antitrust investigations from the newly created Federal Communications Commission. In 1939 the FCC ordered RCA to spin off NBC entirely; RCA, in a successful effort to avoid this outcome, instead sold...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...bills," says a Senate Democratic leadership aide. "There's money in them for projects that will create jobs." Indeed, if tradition holds, many of these jobs provisions will get loaded on the back of the annual defense appropriations bill - typically the last bill passed in the year. After all, almost no member of Congress is willing to vote against funding the troops, even if some of that money finds its way back to help civilians at home...

Author: /time Magazine | Title: Congress Looks Toward a Jobs Stimulus | 12/3/2009 | See Source »

...achieved reflexively - it was the obvious human reaction after the Sept. 11 attacks. But such unity is difficult to sustain. And it cannot be reignited by mere words or argument, even when the argument and the policy is, I believe, the correct one. The exquisite rationality that attends almost everything this President does is essential, but not enough, when sending young men and women into battle. There needs to be inspiration as well. There is no such thing as a no-drama...

Author: /time Magazine | Title: Afghanistan: Can Obama Sell America on This War? | 12/3/2009 | See Source »

...between the haves and the have-nots in North Korea, partly due to the prevalence of relatively free markets, says Cheong Seong-chang, senior fellow at the Sejong Institute, a think tank in Seoul. Since 2000, the bigger traders in North Korea have come to live a life "almost as lavish as South Koreans," says Cheong. "They have big refrigerators, color televisions, DVD players." In a socialist utopia like North Korea, such economic divides are unacceptable; the currency change would reduce inequality by making a broad swath of the North Korean population poorer. (See pictures of North Korea's rubber...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...ambassador to the Organization of American States, Lewis Amselem (who was finally replaced this week), pushed Obama into brokering a deal in which the U.S. effectively condoned yet another armed putsch in the region. In an about-face, Obama recognized last Sunday's presidential election in Honduras, even though almost every other government in the world didn't because they consider the current regime there illegitimate. (The incoming Honduran president will be Porfirio Lobo, a wealthy cattle rancher.) (See a story about Zelaya protesting the Honduran election...

Author: /time Magazine | Title: Obama's Latin American Policy Looks Like Bush's | 12/3/2009 | See Source »

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