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...Morgan has yet to demand payment from BVG, but in October the bank filed with a London court to ensure that London would be the jurisdiction for any court proceedings with BVG. That move possibly suggests that J.P. Morgan is preparing a claim against BVG. Reetz, the BVG spokeswoman, says the transportation company learned of the J.P. Morgan filing last week when BVG filed to have a trial in Berlin should there be one. "So far, no one has come forward with any demands for payment. But if they do, we will fight them in court. And we want...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

...decision to create $250 billion in new SDRs marks a "major step" toward establishing the SDR as a global reserve currency, says Stiglitz. It's only a step, albeit enough of one to prompt Republican Representative Michele Bachmann of Minnesota to make the claim that Obama was out to ditch the dollar. Actually, the dollar would live on in an SDR-dominated world. It would no longer reign supreme, but neither would the yen or the euro or the yuan. Which might be the best long-run outcome the U.S. can hope...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...disappointed that Levi and his family are engaging in flat-out lies, gross exaggeration and even distortion of their relationship.' A statement released by the PALIN FAMILY, which slammed Johnston's claim that the governor probably knew he and Bristol were sleeping together; Johnston also says the family has restricted his access to infant son Tripp...

Author: /time Magazine | Title: Verbatim | 4/9/2009 | See Source »

From the 1950s to the 1970s, homeownership and personal incomes grew--and so did tax rates and the increasingly complex tax code. Americans looking to reduce their liabilities turned to experts for advice on how much to donate to charity and what to claim as a business expense. By 1978, H&R Block was responsible for 1 in 9 returns; today the rate is 1 in 7. While many returns are prepared by employees at storefront-shops who take a short training course, there are some 400,000 certified public accountants in the U.S., who have passed a uniform test...

Author: /time Magazine | Title: A Brief History Of: Accountants | 4/9/2009 | See Source »

...Each turned in an impressive rookie season, but none of the three could definitively claim to be the best player on her team. And only Berry was asked to take on even close to the same role of controlling the game that Brown faces every time she steps into the circle...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: TO SAY THE LEIST: Historic Season in the Making for Brown | 4/9/2009 | See Source »

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