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...Administration source says that the stress tests have uncovered the fact that risk controls at major financial institutions, even those that haven't failed, were much too loose. But the most surprising result from the stress tests and related discussions may be this: bankers continue to appear oblivious to the nation's insistence that regulations be put in place to keep banks from ever again putting the economy at such risk. "I just don't think they get it," the official says, referring to bankers' unwillingness to take responsibility for past behavior. "Bankers seem to have no understanding how much...

Author: /time Magazine | Title: Stress-Test Results: Most Banks Likely to Pass | 4/20/2009 | See Source »

Those numbers certainly appear to go against the tenor of what the agency had told the OLC when it sought a legal opinion on the use of waterboarding. An Aug 1, 2002, memo by Assistant Attorney General Jay Bybee says the CIA had "indicated that these acts will not be used with substantial repetition, so that there is no possibility that severe physical pain could arise from such repetition. Accordingly, we conclude that these acts neither separately nor as part of a course of conduct would inflict severe physical pain or suffering with the meaning of the statute." (Read "Bush...

Author: /time Magazine | Title: How Waterboarding Got Out of Control | 4/20/2009 | See Source »

...from an action movie, but in the Gulf of Aden it is legal business practice. That's because the pirates are regarded as criminals, rather than terrorists, under U.S. or international law, which bans money going to individuals or organizations listed as terrorists. Unlike in, say, Iraq, Somali pirates appear to have little interest in killing hostages who are seized along with vessels, and the crews are usually released with the ships when the ransoms are paid. "Paying ransoms is not illegal," says Guillaume Bonnissent, a special risks underwriter for Hiscox Insurance Co. Ltd. in London, which writes about...

Author: /time Magazine | Title: Why the Somali Pirates Keep Getting Their Ransoms | 4/20/2009 | See Source »

Dressed in jeans, boots and a baseball cap with a camouflage peak and a hunting outfitter's logo, the Texas governor was one of the few major politicians to appear at the tea parties across the country. While crowds yelled "Secede! Secede!," Perry - 60 but telegenic and youthful - thought out loud that secession might be the outcome if Washington does not mend its "oppressive" high-spending, dictatorial ways. (Most experts say the notion that Texas can legally secede is mistaken, but the state does have the right to split into five states, offering the prospect of 10 U.S. Senators, math...

Author: /time Magazine | Title: What's All That Secession Ruckus in Texas? | 4/18/2009 | See Source »

...disgusting," the whole first page of results dealt with the incident. One link screams "Never Eat at Dominos Again." The company has to move more aggressively to cancel out the negative reinforcement in the Google results. Domino's could, for example, purchase ads from Google that would appear at the top right corner of the page of "Domino's" search results. The ad could say "Domino's Apologizes" and link to the video from the company executive. Another ad could highlight a new promotion or discount. Right now, that space is blank on the page. Why not fill...

Author: /time Magazine | Title: Domino's YouTube Crisis: 5 Ways to Fight Back | 4/18/2009 | See Source »

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