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...Business Secretary Peter Mandelson has the power to intervene in the deal but has indicated that he does not intend to do so. Lord Mandelson's social interaction with another oligarch, metals magnate Oleg Deripaska, attracted negative press commentary in the fall; the minister may prefer to keep a distance from the dealings of rich Russians. But Lebedev, still only 49, is no ordinary oligarch. He even rejects the label with its connotations of bling-bling lifestyle and financial secrecy, and in September confided to the Daily Telegraph that the economic slump had shrunk his fortune by two thirds...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

...American Recovery and Reinvestment Bill of 2009 should be required reading for every citizen from billionaires to the average person. It was issued by The Committee On Appropriations and is the road map for the $825 billion that the Congress and Administration intend to put into the U.S. economy to jumpstart the economy out of the recession...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

Obama stressed support for countries in need and retribution for terrorist foes who intend to harm Americans...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Obama Inaugurated as 44th President of the United States | 1/21/2009 | See Source »

...tone of the speech was not defiant or angry, or celebratory, for that matter. It was resolute, suffused with sobriety, reflecting a tough-minded realism at home and abroad. Obama made clear that his domestic liberalism would be enacted conservatively. Where government programs can help, he said, "we intend to move forward." If they are useless or outdated, "programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits and do our business in the light of day." Overseas, he warned, "those who seek to advance their...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits, and do our business in the light of day - because only then can we restore the vital trust...

Author: /time Magazine | Title: Obama's Inaugural Address: The Full Text | 1/20/2009 | See Source »

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