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Anger among Bank of America investors about the Merrill Lynch deal has been brewing for months. In April, shareholders voted to strip Lewis of the title of chairman. Even then, some people predicted Lewis was not long for the bank, but he managed to hold on to his CEO title for six more months...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...lakes - which earned Udaipur the nickname the "Venice of the East" - have been a major tourist magnet in the past few years, and building places for tourists to sleep has accelerated the problem. With the Oberoi Udaivilas luxury hotel opening in 2000 and the Leela Palace, which opened in April, both just a few feet from the lake, the doors have opened for other shoreline hotel and residential development. "The big guys essentially bought their way past standing lakeshore-encroachment laws," says Razdan. "That created a domino effect. Smaller entrepreneurs with money muscle and political connections asked...

Author: /time Magazine | Title: Saving India's Endangered Lakes | 9/30/2009 | See Source »

...idea of blocking refined gas to Iran was raised several times during last year's U.S. presidential campaign. Barack Obama described the plan in a debate with John McCain as "putting the squeeze" on Ahmadinejad. In April the U.S. Senate introduced the bipartisan Iran Refined Petroleum Sanctions Act, which would expand sanctions imposed by Bill Clinton in 1996 and give the White House the authority to sanction companies that export gas to Iran. Senator Joe Lieberman told reporters at the time that the law would "target Iran's Achilles' economic heel, which is its dependence on imports of petroleum ... most...

Author: /time Magazine | Title: How Badly Would Sanctions on Gas Imports Hurt Iran? | 9/30/2009 | See Source »

...Georgia, President Mikheil Saakashvili, once considered a champion of democracy in the region, has seen his stature fall at home and abroad since the conflict. However, street protests in April failed to topple him, and he still has friends in high places: the Obama Administration. Vice President Joe Biden visited Tbilisi in July and pledged continued U.S. support for efforts by Georgia and Ukraine to break free of Russia's orbit. (See pictures of Joe Biden...

Author: /time Magazine | Title: Both Sides to Blame for the Georgia-Russia War | 9/30/2009 | See Source »

Though Harvard provides official avenues for employees to voice complaints of discrimination, Raj has hit several roadblocks and in the meantime has faced threats and intimidation. Last April, on the day of Raj’s scheduled meeting between his union representative, his supervisor at HMDC, and Human Resources, a stranger approached Raj inside a building where he was working and threatened him by name. According to Raj, the man said, “Ravi Raj, you have chosen the wrong path and the wrong union. You should watch out.” Such an action is despicable...

Author: By Megan A. Shutzer | Title: Intimidation at Work | 9/28/2009 | See Source »

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