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...Freddie Mac and other institutions on top of $7.4 trillion in TARP and other Treasury aid. A spokesperson for the Treasury Department quickly called the numbers flawed, making this the latest in the back and forth between Barofsky's oversight office - which currently has 35 ongoing criminal and civil investigations of suspected accounting, securities and mortgage fraud - and the Treasury Department over the handling of TARP disbursements. (Read a skimmer of Barofsky's "Initial Report to Congress...

Author: /time Magazine | Title: TARP Watchdog Neil Barofsky | 7/21/2009 | See Source »

...Secretary of State Hillary Clinton's four-day visit to India was a whirlwind expedition packed with meetings with the country's top leadership and a range of industry and civil-society representatives as well as sundry public addresses. The message Clinton sought to deliver was clear: the Obama Administration wants to carry forward the momentum in bilateral relations gathered during the George W. Bush years, especially pertaining to nuclear and defense cooperation, but also on issues ranging from education and agriculture to health and women's rights. She also indicated the Administration's intention of supporting India...

Author: /time Magazine | Title: Clinton's Trip to India: What's the Takeaway? | 7/21/2009 | See Source »

...been five centuries since Pedro de Alvarado, a homicidal Spanish conquistador, seized from the Maya the volcanic realm that became Guatemala. But his bloodlust still haunts the country, which today has one of the highest homicide rates in the western hemisphere. Guatemala's 36-year-long civil war, which ended in 1996, killed 200,000 people. Its cloak-and-dagger murders have made locals so paranoid that "even the drunks are discreet," as one 19th century visitor wrote...

Author: /time Magazine | Title: In Guatemala, Chasing Away the Ghost of Alvarado | 7/20/2009 | See Source »

...understandable in a country that feels like a "baroque game of chess played with bodies," says Francisco Goldman, whose book The Art of Political Murder details the 1998 assassination of Catholic bishop Juan Gerardi, who was bludgeoned to death after issuing a report on army massacres during the civil war. In a nation where just 2% of last year's 6,200 murders were solved, "impunity opens doors to murderous imaginations," says Goldman...

Author: /time Magazine | Title: In Guatemala, Chasing Away the Ghost of Alvarado | 7/20/2009 | See Source »

...experience as profound as the Vietnam War, even as we go deeper into new wars like Afghanistan. And as I now contemplate the departure of a life so central to my own and that of my country as Bob McNamara's, one overriding lesson bombards my mind: nationalist wars, civil wars, tribal and religious wars--they can never be won by Americans. As long as we're there and willing to fight and die, we won't lose. But in the end, we can't win either unless we realize that it must be their...

Author: /time Magazine | Title: Robert McNamara | 7/20/2009 | See Source »

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