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...with fellow broadcasting giant CBS in the golden age of radio, NBC ruled the dial - a supremacy that sparked further antitrust investigations from the newly created Federal Communications Commission. In 1939 the FCC ordered RCA to spin off NBC entirely; RCA, in a successful effort to avoid this outcome, instead sold off the Blue Network in 1943. It would eventually become the American Broadcasting Company (now known...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...imbalances will continue to persist, say analysts and North Korean defectors in Seoul. The largest and wealthiest of North Korea's traders, including government-owned companies, have long since swapped out of North Korean won and instead hold Chinese renminbi, yen or dollars as a store of value. The black-market value of the won has been decreasing for years, and North Korean inflation has been accelerating. The former head of a large North Korean trading firm who recently defected to Seoul told TIME, "Some kind of move like this was expected for a long time." And, he says...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...tactic of moving away from his paramilitary structure and instead using small cells to strike at the structures of power - this is what Umarov is now carrying out," says Andrei Soldatov, a security expert and political commentator in Moscow. In other ways, too, the bomb laid on the tracks of the Neva Express bore the trademarks of Umarov's new approach. As rescue workers sifted through the wreckage, a second explosion at the scene of the bombing injured Russia's chief investigator in the Prosecutor General's office, Alexander Bastrykin, a close ally of Russian Prime Minister Vladimir Putin. "This...

Author: /time Magazine | Title: The Man Behind Russia's Deadly Train Blast | 12/3/2009 | See Source »

...ceremony was meant to celebrate the graduation of 43 medical students from Benadir University, a school founded in 2002 to help replace the hundreds of Somali doctors who have died in or fled Somalia's 18-year-long civil war. Instead, Thursday's ceremony in Mogadishu, capital of the world's most failed state, became another bloody reminder of just how far the country has sunk. Midway through the event, a male suicide bomber disguised as a woman in a long black abaya, veil and shoes, blew himself up, killing three government ministers and 16 other people in a devastating...

Author: /time Magazine | Title: Suicide Bombing Marks a Grim New Turn for Somalia | 12/3/2009 | See Source »

...that even if the Honduran Congress refused to restore Zelaya before last Sunday's election, it would at least vote after the election to let him finish the remaining two months of his term. It would be a good-faith sign that the country was returning to constitutional order. Instead the legislators, emboldened by the success of the coup, poked both Obama and constitutional order in the eye again this week. Coup-happy forces in other Latin American countries can only feel emboldened as well. (See pictures of post-coup violence in Honduras...

Author: /time Magazine | Title: Obama's Latin American Policy Looks Like Bush's | 12/3/2009 | See Source »

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