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...publishers and authors to register their work and get paid for their titles through institutional subscriptions, ad fees and book sales. Google will retain 37% of the revenue, with the remainder going to the registry to be distributed to authors and publishers. The deal effectively gives authors and publishers control over their work in the digital world and pays them for it. For the public, it means easy click-of-the-mouse access to millions of books that sit on dusty shelves in university libraries across the country. (See the 100 best novels of all time...

Author: /time Magazine | Title: Librarians Fighting Google's Book Deal | 6/17/2009 | See Source »

...That seems to be the multibillion-dollar question in an ongoing court battle that pits Greenberg and his firm Starr International against his former employer AIG. The deeply troubled insurance giant claims Greenberg, through Starr International, improperly gained control of hundreds of millions of shares of AIG stock when he was booted from the company in 2005. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Greenberg on the Stand: Is the Ex–AIG Chief Lying? | 6/17/2009 | See Source »

...When Greenberg left AIG in 2005, he took control of Starr and its AIG shares, which at the time totaled 300 million. Starr has since pocketed $4.3 billion from the sale of some of those shares. AIG says those profits belong to the insurance giant, along with the remaining 180 million shares of AIG that Starr still holds, which are worth just over $270 million...

Author: /time Magazine | Title: Greenberg on the Stand: Is the Ex–AIG Chief Lying? | 6/17/2009 | See Source »

...economic relationship between Russia and Belarus has been steadily worsening since 2007, when Russia raised gas prices and demanded that Belarus give up control of gas transit from Russia to Europe - about 20% of Russian gas exports to Europe go through Belarus, and so Russia wants to take over Beltransgaz, the state-run operator of Belarus' gas-pipeline network. (Read "Russia's Gazprom Diplomacy: Turning Off Europe's Heat...

Author: /time Magazine | Title: Russia-Belarus Relations Sour over Milk Ban | 6/16/2009 | See Source »

...power to whomsoever he chooses and he also takes it away." That's the resonant Koranic inscription around the cupola of Basra Palace, one of many lavish residences Saddam commissioned for himself. Whatever the Iraq-war inquiry discovers, it's on the streets of Basra, which was under British control until this spring, that Britain's legacy will finally be judged. Earlier this year, a Basrawi policeman on sentry duty outside the palace told TIME of his optimism for the future. "For the first time in our history, we're allowed a diversity of opinions," he said. But asked...

Author: /time Magazine | Title: Finally, a British Inquiry into the Iraq War | 6/16/2009 | See Source »

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