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...District Court Judge Jed Rakoff, who is hearing the case, has said he wants to limit the case to the facts surrounding the relationship between Starr and AIG. Rakoff says he will not allow jurors to hear testimony about the accounting scandal that led to Greenberg's AIG exit or anything related to the insurance company's recent financial troubles, which resulted in a huge government bailout. Excluding the circumstances of Greenberg's exit may make it hard for AIG to prove that he ended Starr's AIG compensation plan because he was angry he had lost...

Author: /time Magazine | Title: Greenberg on the Stand: Is the Ex–AIG Chief Lying? | 6/17/2009 | See Source »

...fleets to be an act of war, and an angry North Korea could fire on ships seeking to inspect one of its vessels, launching attacks from other ships in its navy, from shore batteries or from missiles. "While North Korea's most recent aggression has not yet led to violent outbreaks in the region, such clashes are a distinct possibility in the near future," warned a report issued on June 16 by the Center for a New American Security, a Washington think tank. "In fact, North Korea's well-documented history of intentionally inciting small-scale violence makes escalation more...

Author: /time Magazine | Title: Will Offshore Searches Slow North Korean Nukes? | 6/17/2009 | See Source »

...doubt, Iran will come out of last Friday's election a different country. But it would serve us well to put aside our prism that has led us to misunderstand Iran for so many years, an anticipation that there would be a liberal counter-revolution in the country. Mousavi is far from the liberal democrat that many in the West would like to believe he is. The truth is, Ahmadinejad may be the President the Iranians want, and we may have to live with an Iran to Iranians' liking and not to ours. (See pictures of Ahmadinejad's supporters...

Author: /time Magazine | Title: Don't Assume Ahmadinejad Really Lost | 6/16/2009 | See Source »

...Iranian election could still change, of course. If Mousavi supporters continue to turn out in the millions and there's a real chance for a change in leadership, Iraqis will be reminded of the revolution that brought the mullahs to power in the first place. "The 1979 revolution led to the [Iran-Iraq war]," says Fayad. "If there's another revolution, we'll be the first ones to experience the consequences. So of course we'll pay attention...

Author: /time Magazine | Title: What Iraqis Think About Iran's Election Turmoil | 6/16/2009 | See Source »

Unlike past student-led demonstrations against the Islamic establishment, Mousavi has the ability to press his case with the highest levels and could gain powerful allies. Some influential clerics have expressed concern about possible election irregularities and a fierce critic of Khamenei, former President Hashemi Rafsanjani, is part of the ruling establishment...

Author: /time Magazine | Title: Thousands Rally Again in Streets of Iran's Capital | 6/16/2009 | See Source »

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