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...Ramirez during his suspension, which will cost him some $8 million in salary. But they were never permitted to add a contract clause giving the team the right to void the deal if, say, Ramirez used performance-enhancing drugs. Section 8.L of Major League Baseball's Joint Drug Agreement, a testing and penalty program collectively bargained between the players and owners, states: "All authority to discipline Players for violations of the Program shall repose with the Commissioner's office. No Club may take any disciplinary or adverse action against a Player (including but not limited to a fine, suspension...

Author: /time Magazine | Title: Can the Dodgers Get a Refund on Manny Ramirez? | 5/8/2009 | See Source »

...Those revelations were greeted on Capitol Hill with stunned silence by Republicans and barely suppressed joy by Democrats. "I believe that many of [the banks] will be able to meet their capital needs, without further government capital," Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee on Wednesday. Further, he said, Administration officials "don't think there's a near-term need" for more money from Congress. "That would be terrific!" chirped the committee's Democratic chair, Carolyn Maloney, of New York...

Author: /time Magazine | Title: Stress Tested: Has Geithner's Bank Confidence Game Worked? | 5/8/2009 | See Source »

...officials have acknowledged that anti-Taliban bombardments were carried out while declining to comment on the extent of civilian casualties. In expressing regret over the incident, Secretary of State Hillary Clinton said Wednesday that the joint investigation would take time to come up with answers. Meanwhile, Gen. David McKiernan, commander of US forces and NATO forces in Afghanistan, moved to cast doubt on the emerging narrative. "We have some other information that leads us to distinctly different conclusions about the cause of the civilian casualties," he said, without providing further details...

Author: /time Magazine | Title: Losing Hearts and Minds and Lives in Afghanistan | 5/7/2009 | See Source »

...There's pretty widespread agreement that the recovery, when it comes, won't be robust. "Even after a recovery gets underway, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while," said Bernanke in his testimony to the Joint Economic Committee on Tuesday. That means unemployment will keep rising even after the economy has stopped shrinking. And if unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday...

Author: /time Magazine | Title: Why the Economic Recovery May Be Disappointing | 5/5/2009 | See Source »

...says, “and now I will be playing a solo or two in Saturday’s performance.” Similarly, most of the band members had no experience with Dixieland music before joining the band this semester. Reacting to this, Mishkin notes that their joint endeavor is a “good example of how much you can learn—and how much you can enjoy it—when you push yourself outside your comfort zone and try something...

Author: By Monica S. Liu, CONTRIBUTING WRITER | Title: Saturday in Dixieland on the Charles | 5/5/2009 | See Source »

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