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Last summer, Hands proposed a deal in which he would inject $1.56 billion into EMI if Citigroup wrote off about the same amount in debt. Citigroup said no and offered instead to write off $1.56 billion in debt in return for controlling ownership of the company. Hands refused and then sued Citigroup, claiming the bank had persuaded him to pay too much for EMI in the first place. Now the two sides aren't speaking. Hands says Citigroup is playing "hardball for no good reason," while the bank feels that Hands is being unrealistic in his demand to remain...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

September 1986: The National Highway Traffic Safety Administration, the government body in charge of keeping the roads safe, orders its first recall of Toyota cars because of "speed control" problems, according to the NHTSA database (though defects with the two 1982 models involved were related to faulty cruise control). A second investigation into sudden-acceleration dangers with Toyota vehicles takes place this year...

Author: /time Magazine | Title: Toyota's Safety Problems: A Checkered History | 2/9/2010 | See Source »

March-July 2004: The NHTSA conducts what would be the first of many defect investigations regarding speed-control problems, all of which would lead to the current furor (partially about Toyota and the NHTSA's neglecting to pay attention to the abnormal number of investigations). The first three investigations primarily involve the Camry, Solara and Lexus ES models. The initial case is opened after an owner petitions the NHTSA in February to look into speed-control issues; it is closed when the NHTSA fails to find a "defect trend...

Author: /time Magazine | Title: Toyota's Safety Problems: A Checkered History | 2/9/2010 | See Source »

July 2007: Troy Edwin Johnson is killed when a Camry accelerating out of control hits his car at approximately 120 m.p.h. The driver had been unable to slow the car for 23 miles leading up to the crash. Toyota eventually settles out of court with Johnson's family for an undisclosed amount. (See the most important cars of all time...

Author: /time Magazine | Title: Toyota's Safety Problems: A Checkered History | 2/9/2010 | See Source »

...basic training, Green headed to Ft. Campbell in July of 2005. Here, as in school, he developed a reputation for not being quite right in the head. There was no doubt he was smart, but he was a racist and a misanthrope. He remained socially awkward and unable to control his emotions or impulses. He did have some friends, but most of the platoon viewed him less as a class clown and more as the village idiot - occasionally entertaining as spectacle, but best kept at an arm's-length...

Author: /time Magazine | Title: The Downward Spiral of Private Steven Green | 2/8/2010 | See Source »

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