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...made clear what the hell it was thinking in creating The Jay Leno Show. It was trying to adjust to the post-Big Media world. With cable, DVR and online media snagging viewers, programming a full night of expensive TV was a bygone luxury. Leno might get lower ratings than NBC's 10 p.m. dramas, but those were struggling anyway and cost much more. (See the top 10 Jay Leno moments...

Author: /time Magazine | Title: Lessons of Leno: Why the Future Failed for NBC | 1/14/2010 | See Source »

...Even Jamie Dimon, CEO of JPMorgan Chase, who has seemed to be more open to new regulations, sought to deflect attention away from lax regulation as the sole cause of the crisis. "I want to be clear that I do not blame the regulators," Dimon testified. "The responsibility for the company's actions rest with the company's management...

Author: /time Magazine | Title: Bank CEOs Continue to Fight Financial Reform | 1/14/2010 | See Source »

...Monday, Peter Robinson announced that he would step aside as First Minister for six weeks, saying he needed "time to deal with family matters" and vowing to clear his name. Iris Robinson, a prominent politician in her own right, gave up her seats in the British Parliament and Northern Ireland Assembly and checked into a hospital for acute psychiatric treatment. Arlene Foster, 39, was selected to replace Peter Robinson at the helm of the DUP - she becomes the first woman since former Prime Minister Margaret Thatcher to lead a government in the U.K. (See pictures of new hope for Belfast...

Author: /time Magazine | Title: Will Northern Ireland's Sex Scandal Break the Peace? | 1/13/2010 | See Source »

...halt. Such an outcome would also be a disaster for Peter Robinson, who for almost 30 years has carefully steered the DUP away from the firebrand populism of its founder, the Rev. Ian Paisley, to its current position at the top of Northern Irish politics. If he fails to clear his name over the next six weeks, it could mean the end not only for a politician and a prominent political family, but also for the entire Northern Ireland political system...

Author: /time Magazine | Title: Will Northern Ireland's Sex Scandal Break the Peace? | 1/13/2010 | See Source »

...estimates there are at least 200 private armed groups nationwide if you include those run by landlords, businessmen and gambling lords," says Rommel Banlaoi, director of the Philippine Institute for Political Violence and Terrorism Research. Many are small units with under a dozen members. But some - it is not clear how many - are virtual armies. The one operated by the Ampatuan clan blamed for the November massacre seems to have been the size of an army battalion...

Author: /time Magazine | Title: Philippines Gun Ban Kicks Off Amid Campaign Violence | 1/13/2010 | See Source »

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