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...charges against Lewis and other Bank of America executives on issues surrounding the Merrill acquisition. Pursuant to Rakoff's ruling, the SEC has gone ahead with its case against the bank in general but has yet to name individual executives in the suit. Cuomo recently subpoenaed a number of current and former Bank of America board members. He has not indicated whether he intends to bring charges...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...addition to understanding the complexities of flood insurance, homeowners should act quickly. The waiting period for policies to become active is 30 days, and experts believe the major floods will likely happen in mid- to late November, leaving just weeks for homeowners to get everything in order. Hence, the current government battle cry. "Buy flood insurance," Governor Gregoire says. "I know we're at a very difficult time financially for many families but should this dam fail, while FEMA will step up, it will never replace individual homes...

Author: /time Magazine | Title: Washington's Green River Prepares for a Flood | 9/30/2009 | See Source »

Rockefeller's frustration was apparent not just because his constituents badly need health-care reform - 16% of West Virginians are uninsured - but also because his amendment to the Senate Finance Committee's current health-reform bill was doomed to fail. It was voted down, 15 to 8, with five Democrats - including committee chairman Max Baucus - joining all 10 Republicans on the committee in opposition. Baucus, who agrees with Rockefeller that a public option would save the Federal Government money and lower costs for consumers, nonetheless believes that a bill with such an option will not garner enough support to overcome...

Author: /time Magazine | Title: Health Reform's Public Option: Down, but Not Yet Out? | 9/30/2009 | See Source »

...drinking source for the general population. In 1890, Maharana Fateh Singh inaugurated a project that geography professor Narpat Singh Rathore of Udaipur's Mohanlal Sukhadia University calls the "the world's first man-made microsystem of river diversion, linkage and watershed management," the result of which constitutes the current system of eight interconnected and gradually descending lakes. (See the top 10 things you didn't know about national parks...

Author: /time Magazine | Title: Saving India's Endangered Lakes | 9/30/2009 | See Source »

...nuclear-armed Iran. But military strikes are opposed by the Pentagon for two reasons: even in the best case they would simply delay Iran's nuclear progress, and they would prompt a backlash that could dramatically destabilize the region. Indeed, as a result, Iran could even move from its current ambiguous policy toward a clearly enunciated and accelerated nuclear-weapons program...

Author: /time Magazine | Title: Talking with Iran: Chances for a Breakthrough Are Low | 9/30/2009 | See Source »

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