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...ETIC and the state-backed Development Bank of Japan will extend JAL a credit line of more than $3.5 billion. Key measures of the restructuring plan include cutting more than 15,000 jobs, or about 30% of its workforce, by the end of 2013, paring down to about half of its 110 group firms, and slashing unprofitable international and domestic routes. JAL's shares - which hit an all-time low of 3 yen Tuesday afternoon from a high of 213 last March - will also be delisted from the Tokyo Stock Exchange. Kazuo Inamori, founder of technology company Kyocera, is expected...
...believed, Brown holds a narrow edge in his bid to win a special election to the Senate - from a state that more than any other is synonymous with liberalism. Even more remarkable, it is a seat that has been represented nearly continuously by a Kennedy for over half a century. Democrats now say privately that their last hope is that a superior get-out-the-vote operation could keep the seat from slipping away. (See TIME's special coverage of Ted Kennedy...
...Michigan introduced the first legislation seeking to make King's birthday, Jan. 15, a federal holiday. The King Memorial Center in Atlanta was founded around the same time, and it sponsored the first annual observance of King's birthday, in January 1969, almost a decade and a half before it became an official government-sanctioned holiday. Before then, individual states including Illinois, Massachusetts and Connecticut had passed their own bills celebrating the occasion...
...including Karzai's palace, where several members of the cabinet were being sworn in. According to a Taliban spokesman who spoke to the Associated Press, 20 armed militants carried out the attack, including two suicide bombers who blew themselves up near the palace and in a traffic circle a half mile away. One explosives-laden vehicle was suspected to have been stolen from the government, which would have given the militants access to relatively secure parts of the capital. (See pictures of the battle against the Taliban...
...with Westerners, the central bank, the Gul Bahar shopping center and the Justice Ministry. According to a Taliban spokesman who spoke to the Associated Press, 20 armed militants carried out the attack, including two suicide bombers who blew themselves up near the palace and in a traffic circle a half mile away. The streets quickly emptied of people as residents shuttered themselves in their homes. "People are worried," Nekzad says. "The situation in Afghanistan is getting worse day by day." (See the top 10 news stories...