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Observers say that higher-than-average FDIC losses are a function of the market, not the FDIC's dealmaking prowess. Sources close to the IndyMac sale said there were only a handful of submitted bids, not all of which were to buy the whole bank. And while the FDIC has...

Author: /time Magazine | Title: Can the FDIC Handle Its Growing Job? | 1/19/2009 | See Source »

The European Parliament is currently studying whether it should extend from 50 to 95 years the copyright term covering sound recordings, thereby bringing European law in line with that of the U.S. But opponents of extending copyright say shorter copyright periods benefit consumers by eliminating hidden costs - European publishers are...

Author: /time Magazine | Title: Pow! Popeye Loses Copyright Battle in Europe | 1/16/2009 | See Source »

Yet few Sri Lankan journalists have been permitted to report on these successes--or on their human toll. The war zone is all but off-limits to the media, one of the many security measures imposed by a government with little tolerance for dissent. "I ask this of all political...

Author: /time Magazine | Title: A Personal Loss | 1/15/2009 | See Source »

Quite the opposite, in fact. For most people, Liberia is best known for its two civil wars between 1989 and 2003. But among surfers, the country is celebrated for its faultless point breaks and, when the winds pick up, some world-class tubes. It didn't take long after hostilities...

Author: /time Magazine | Title: Sweet Ride: Surfing in Liberia | 1/14/2009 | See Source »

The Ethiopians, with U.S. assistance, invaded to topple an Islamist movement that controlled Mogadishu, and had been sheltering a handful of al-Qaeda operatives. Osama bin Laden's movement killed more than 200 people when they attacked two U.S. embassies in Kenya and Tanzania in 1998, and several small groups...

Author: /time Magazine | Title: After Ethiopia Exit, What Next for Somalia? | 1/14/2009 | See Source »

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