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...Nonetheless, on Wednesday, in front of the Financial Crisis Inquiry Commission (FCIC), the bank executives tried to paint a picture that the failures that caused the crisis were missteps by management, sometimes even themselves, but not the result of faulty regulation. Lloyd Blankfein, CEO of Goldman Sachs, told the panel, "After the shocks of recent months and the associated economic pain, there is a natural and appropriate desire for wholesale reform. We should resist a response, however, that is solely designed around protecting us from the 100-year storm." (See the top 10 crooked CEOs...

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

...worried about getting crosswise with the most highly energized part of the Republican base, McCainworld has allowed her version of reality to go largely unchallenged - and her rise to continue unchecked. There is perhaps a related factor: a recent Washington Post poll found that Republicans regard Palin as the front runner for their party's 2012 nomination and that she best represents the GOP's values - besting McCain on that score...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

...Asia and the Americas. Garson is well-known in the industry - among other things, he has been executive producer of the Billboard Music Awards and the World Music Awards - and he appears confident the big names will show up. The all-day event is scheduled to be held in front of the iconic Bird's Nest Stadium in the grounds of the Olympic Training Center. Admission will be free, with some 5,000 tickets directly in front of the stage reserved for VIPs. Garson says he expects a crowd of 50,000, though because the open area around the stage...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...There's no doubting Garson's sincerity, but the question remains: Can Garson pull off what would be by far the biggest concert in China's history? The Chinese authorities have long been suspicious of rock music, notes Kaiser Kuo, a Beijing-based writer and musician who was once front man for one of China's most popular bands, Tang Dynasty. Pop music, initially associated with spiritual pollution from the West, later came to be seen as a potentially subversive force that might encourage rebelliousness among China's youth. But lately restrictions seem to be relaxing, and Kuo says bands...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...Diego, intelligence officials say, was also where al-Awlaki first made contact with jihadists. He was on the board of a charity run by a Yemeni associate of bin Laden; the FBI has said the charity was a fundraising front for al-Qaeda. Officials also say al-Awlaki met with a close associate of Omar Abdel Rahman, the "Blind Sheik" behind the 1993 attempt to bomb New York City's World Trade Center...

Author: /time Magazine | Title: How Dangerous Is the Cleric Anwar al-Awlaki? | 1/13/2010 | See Source »

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