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The financial meltdown has claimed the careers of many banking-industry stars. But no executive has had as big a roller-coaster ride during this crisis as Lewis. At its start, Lewis and Bank of America looked to benefit from the turmoil facing the banking business. The firm, based in...

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

And it was ultimately that grim reality that prompted Triplett to declare a state of emergency in early September, likely months before the dreaded event. Government officials have requested $40 million in federal funding to prepare - the dam is a federal facility - in addition to another $16 million from the...

Author: /time Magazine | Title: Washington's Green River Prepares for a Flood | 9/30/2009 | See Source »

Getting lake-conservation measures on the books has been slow to nonexistent. In the absence of effective public management, some 14 local environmental groups have been working in different ways to preserve the waters; a few have even filed lawsuits against local and state governing boards seeking urgent judicial intervention...

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

In some ways, HSBC is simply reacting to global trends and economic realities. HSBC's announcement coincided with the G-20 summit in Pittsburgh, during which it was decided that the group, which includes developing giants like China and India, would replace the West-dominated G-8 as the top...

Author: /time Magazine | Title: Why HSBC Is Returning to Hong Kong | 9/30/2009 | See Source »

The inquiry says the conflict started the moment Georgia shelled the South Ossetian capital of Tskhinvali on the night of Aug. 7-8, 2008. "In the mission's view, it was Georgia which triggered off the war when it attacked Tskhinvali with heavy artillery," Tagliavini said in a statement accompanying...

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

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