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...received exceptional financial assistance if it has received government aid outside of the initial $250 billion bank bailout, in which the government injected capital into financial firms in return for preferred shares and stock warrants. The list originally included AIG, Bank of America, Chrysler, Chrysler Financial, Citi, GMAC and General Motors. But in December, Bank of America and Citigroup struck deals with the government to get off the list. Bank of America raised nearly $20 billion from investors and paid back the government the $45 billion it was lent under TARP...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

...much as UFC perpetuates aggressive behavior and brutality, it not only increases the violence of our collective experience, but it also changes the way in which we view spectator sports and athletes in general. For many of us, the appeal of watching professional athletes stems from our amateur days of childhood athletics; we watch our favorite baseball players because we once wanted to be one of them (It is hard to find a youngster who does not want to be a professional athlete when they grow up). Ultimate Fighting changes this relationship by providing a sporting spectacle that few people...

Author: By Marcel E. Moran | Title: Ultimate Fighting’s Grim Role | 3/3/2010 | See Source »

...desk inside Bala Hissar, an ancient brick fortress that looms above the rooftops of Peshawar, General Tariq Khan heard an unusual sound drifting up. "It was music," says the general. "And I hadn't heard it in a long, long time...

Author: /time Magazine | Title: Pakistan's Taliban War: Bringing Back the Music | 3/3/2010 | See Source »

...when General Khan heard the tinny, rat-tat-tat music welling up from the crowded lanes of the bazaar, he saw it as a sign that normality was returning to Peshawar. "We killed a lot of them," he says, referring to the militants known as the Tehrik-i-Taliban (TTP) or the Pakistani Taliban who are at war with Islamabad while their Afghan brethren are hiding in these same saw-blade mountains to launch attacks on NATO forces across the border. The bombings are less frequent and the kidnappings, he says, have gone "from 50 a day to zero." Bringing...

Author: /time Magazine | Title: Pakistan's Taliban War: Bringing Back the Music | 3/3/2010 | See Source »

...with good reason. General Khan reckons that the Pakistani Taliban have killed over 500 tribal elders since 9/11 for supposedly collaborating with Islamabad and Washington. Even after assurances from the army chief, the Mehsud elders are still afraid to venture back to their lands. "The jihad has eliminated the old tribal system of maliks," says General Khan. "Now any crook with a cell phone can call up a gang of his militant friends for any kind of mischief, and everyone is too afraid to stop them." His former colleague, Brigadier Mahmoud Shah, formerly in charge of security for the Northwest...

Author: /time Magazine | Title: Pakistan's Taliban War: Bringing Back the Music | 3/3/2010 | See Source »

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