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...president of philanthropy-research firm Foundation Center, says Goldman's move could help service organizations at a time when many are struggling to raise funds. "Ideally, you would hope rich people would voluntarily share their wealth," says Smith. "But Goldman is leader in the corporate world, and if others follow, this could be a needed windfall for nonprofits...

Author: /time Magazine | Title: Goldman Tries to Put a Halo on Bonuses | 1/13/2010 | See Source »

...Pentagon spends nearly 10 times as much as China's official annual defense budget of $71 billion, although military experts believe Beijing's true military spending is substantially higher. But any commotion generated by the Chinese test is somewhat passé. Ballistic missiles follow a predictable arc through the skies that makes them relatively easy to target. But both China and the U.S. have developed low-flying cruise missiles designed to fly underneath such antimissile shields...

Author: /time Magazine | Title: China's Missile Test: A Symbolic Warning to U.S. | 1/13/2010 | See Source »

...Brennan said the intelligence community had failed in not pursuing that threat stream and piecing it together with other information it had gathered. "We didn't follow up and prioritize the stream of intelligence indicating that al-Qaeda in the Arabian Peninsula sought to strike our homeland, because no one intelligence entity or team or task force was assigned responsibility for doing that follow-up investigation. The intelligence fell through the cracks. This happened in more than one organization...

Author: /time Magazine | Title: The Flight 253 Bomb Plot: What Did Obama Know? | 1/12/2010 | See Source »

...already questions are being put to the White House about Obama's briefings. Did any possible AQAP threat to the homeland ever appear in a PDB or any other briefing? How many times was Obama briefed on it? What threats were described? Did the President ask any follow-up questions? Did he task anyone to take any particular actions? Were any of AQAP's tactics, like explosives sewn into clothing, mentioned in briefings to the President? (See pictures of the foiled 2006 airline-terrorism plot...

Author: /time Magazine | Title: The Flight 253 Bomb Plot: What Did Obama Know? | 1/12/2010 | See Source »

...this conveyed to the President? Said the senior Administration official: "We are not going to comment on specifically what was included in PDB product or whether President Obama was briefed on a specific matter at a specific time. Also we are not going to comment on who tasks what follow-up actions in response to specific threats." The official said that Obama and his national-security team "routinely ask for more detailed information and explanations of what follow-up steps are being taken to address particular threat streams and to respond to known terrorist threats." The official said Obama...

Author: /time Magazine | Title: The Flight 253 Bomb Plot: What Did Obama Know? | 1/12/2010 | See Source »

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