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...state to decide what banks pay their employees or managers." But like other issues on the table in Pittsburgh, this is a battle bankers are likely to lose. In a speech on Wall Street on Sept. 14, the anniversary of the failure of Lehman Brothers, President Barack Obama warned the banking industry not to fight reform. "We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses," Obama said. The question is just...
...Barack Obama: The inescapable president. From Good Morning America to televised town-hall meetings, ESPN to Men's Health, the leader of the free world misses few chances for free publicity. In his first six months in office, Obama gave three times as many interviews as either of his two immediate predecessors, according to the White House Transition Project. He's already held more prime-time news conferences than George W. Bush did in eight years...
Still, the summit wasn't a total loss for greens. President Barack Obama introduced the idea of phasing out fossil fuel subsidies over time, to help improve energy efficiency and "transition to a 21st-century clean energy economy." Phasing out subsidies for fossil fuels would save money - the Environmental Law Institute estimated that the U.S. paid out $72 billion in subsidies between 2002 and 2008 - and correct a market that has been warped against low-carbon alternatives precisely at a time when nations are supposed to be cutting carbon. But again, specifics of a concrete plan were wanting in Obama...
Despite the impatience of his generals, President Barack Obama has good reason for taking his time over deciding whether to send more U.S. troops to Afghanistan. Right now, Washington's strategy is missing one key component: a legitimate Afghan President deemed worth defending...
Iran's President, Mahmoud Ahmadinejad, has warned U.S. President Barack Obama against pressing Tehran about new revelations that Iran has been constructing a secret uranium-enrichment plant. "If I were Obama's adviser, I would definitely advise him to refrain making this statement because it is definitely a mistake," Ahmadinejad told TIME in New York City on Friday. "It would definitively be a mistake." His comment came as Obama, speaking at the G-20 summit in Pittsburgh, Pa., made a dramatic announcement that Iran has been constructing a second uranium-enrichment facility whose existence had been kept secret in violation...