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...firefighters battle the flames and police begin to investigate possible cases of arson around some of the fires, there will surely be debates over the wisdom of Australia's standard policy of advising residents to either flee a fire early or stay in their homes and wait it out. John Brumby, the premier of the fire-hit Australian state of Victoria, told a local radio station on Monday that "people will want to review that ... There is no question that there were people who did everything right, put in place their fire plan, and it [didn't] matter - their house...

Author: /time Magazine | Title: Why Global Warming May Be Fueling Australia's Fires | 2/9/2009 | See Source »

...quick survey of just a few of the financial industry’s titans yields nothing but front-page scandals—from Bernard Madoff, the mysterious asset manager “extraordinaire” who was revealed to be the mastermind behind a wealth-draining Ponzi scheme, to John Thain, the former Merrill Lynch CEO who spent a reported $1.2 million redecorating his office suite (complete with a $35,000 commode) at the expense of the U.S. taxpayer while his company posted incredible losses...

Author: By Shankar Ramaswamy | Title: Greed Is Good | 2/8/2009 | See Source »

...That's what the movie's heroine, Coraline Jones (voiced by Dakota Fanning) must do. Newly arrived in Oregon from Michigan with her mother (Teri Hatcher) and father (John Hodgman), she feels ignored by her stay-at-home, workaholic writer parents. Father, hunched over his PC, is a mild, preoccupied sort; but Mother has no milk-drop of the maternal instinct. She speaks to Coraline in the curt, distracted voice that a stern boss would use on a cleaning woman who had entered her office during a conference call. Mother is efficient, officious, utterly joyless; you couldn't make...

Author: /time Magazine | Title: The Chilly World of Coraline | 2/6/2009 | See Source »

...national conversation has turned toward the idea of taxpayers standing behind modifications. "You wouldn't want the government to be on the hook for someone who borrowed a lot more in credit-card debt, or what have you, and then couldn't make their payments," OCC head John Dugan said in an interview with Bloomberg. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...Sudan People's Liberation Movement, which controls the government in the south, has distanced itself from the suggestion that the tanks were bound for them. "The SPLA [Sudan People's Liberation Army] can buy arms anywhere in the world legally. It doesn't have to do it illegally," said John Andruga Duku, South Sudan's ambassador to Kenya...

Author: /time Magazine | Title: Pirates Free Ship, Doubts Remain on Destination | 2/6/2009 | See Source »

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