Word: branching
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...both chambers approve the Big Three's recovery plans, they would consider reconvening the full Congress for a vote. But hashing out terms of what would amount to an unofficial Chapter 11 reorganization is highly unusual and unwieldy for Congress, especially one that's a lame duck. The Executive Branch is better built to handle such talks, and the incoming Obama Administration is looking at all options: using money from the $700 billion Wall Street bailout, which many Democrats have been unsuccessfully arguing for; taking funds from the Federal Reserve; or tapping emergency money similar to the stabilization fund Treasury...
...arrests of the people on board those flights were made without lawyers, without a judge's authorization," says Esteban Beltran, president of the Spanish branch of Amnesty International, which has conducted its own investigation into the secret flights. "Which means that the Spanish government colluded with illegal detentions...
Rock Outreach. If you can't get to the original Rock & Roll Hall of Fame in Cleveland, the museum has opened a 25,000-sq.-ft. branch in downtown New York, focusing on that city's contribution to the music world. Admission is a steep $22, but the money buys you a look at David Byrne's Stop Making Sense suit, letters between Paul Simon and Art Garfunkel when they were teenagers, and a urinal from CBGBs, the legendary Lower East Side punk-rock club, which closed in 2006. 76 Mercer Street, New York City...
...exactly that - and is doing so now. "On the outside, China's banks do look a lot more like normal Western commercial banks," says an investment-bank analyst with a decade of experience in China. "But every single senior officer right down to the manager of the smallest branch in Inner Mongolia is a Party member. And when the Party says, 'Jump or we're all in trouble,' they say, 'How high?'" The same principle applies to state-owned enterprises, which account for about a third of the nation...
Speaking to TIME from Panama, where he was on a sales trip to Latin American prisons, Melamed said CellAntenna is selling jamming technology worldwide, sometimes with the help of promotional trips arranged by the U.S. Department of Commerce. He calls it ironic that one branch of the Federal Government is promoting jamming while another is blocking it. Across the globe, more and more countries are buying jamming equipment. Britain has embarked on a major study to address the issue. Given a new U.S. Administration and anticipated changes at the top of the FCC, it is unlikely that the dueling petitions...