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...measure of the havoc wreaked on the world's banking system in recent months that the words chosen by bank bosses to convey the health of their business have lost all relative meaning. Victor Blank, chairman of Lloyds Banking Group, saw "exciting prospects for the group" in its first-half results unveiled Wednesday, Aug. 5. Northern Rock "is making progress," chief executive Gary Hoffman said of the British bank's half-year results announced a day earlier. "Our first-half performance," Barclays boss John Varley reckoned the day before that, was "a good start." At HSBC, chief exec Michael Geoghegan...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...Ling passed that on to their families in the occasional phone calls they were permitted from the guesthouse where they were held, and former Vice President Al Gore - who co-founded the network that the two women were on assignment for - called his former boss to suggest the trip. Once assured that the North Koreans meant what they said, the White House signed off on the idea. The visit ended the journalist's 4½ month nightmare after being arrested March 17 and held in North Korea as punishment for allegedly crossing the border while filming a report on refugees...

Author: /time Magazine | Title: Can Clinton Reverse the U.S.–North Korea Downward Spiral of Diplomacy? | 8/5/2009 | See Source »

...Could you write rejections for these?" My boss asks. "I just don't think they're for us." I nod. It?...

Author: By Emily C. Graff | Title: Pass | 8/4/2009 | See Source »

...this year's anniversary, a most unlikely voice spoke out. Salvatore (Toto) Riina, the Mafia's notorious former boss of bosses, has broken his silence from his prison cell near Milan, where he is serving a life sentence for dozens of homicides, including the masterminding of the Borsellino hit and one three months earlier of another crusading Sicilian prosecutor, Giovanni Falcone. (See pictures of life in Italy...

Author: /time Magazine | Title: A Mafia Boss Breaks Silence on an Assassination | 8/3/2009 | See Source »

...According to newspaper reports, Riina has said little and maintains his vow of omertà by offering few hard facts. But the old boss clearly wants to influence the current probe and has met with investigators, to whom he reportedly promised to provide more detailed testimony on both the Falcone and Borsellino cases...

Author: /time Magazine | Title: A Mafia Boss Breaks Silence on an Assassination | 8/3/2009 | See Source »

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