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...only way to reverse what is now viewed as bad judgment on the part of the compensation committees is to try to get some of the money back. NYS Attorney General Andrew Cuomo says he may try to use legal action to recover some of the money paid to Merrill Lynch employees. Senator Chris Dodd wants to go into court immediately...

Author: /time Magazine | Title: How the Government Missed All Those Wall St. Bonuses | 1/30/2009 | See Source »

...Netherlands At Last, a Court of Last Resort After more than six years of diplomatic and legal disputes, the International Criminal Court (ICC) opened its first trial in the Hague on Jan. 26. The self-described "court of last resort," which operates independently of the U.N., was created to oversee large-scale human-rights violations--like those allegedly orchestrated by Congolese warlord Thomas Lubanga, the court's first defendant. The trial of Lubanga for training child-soldiers during the region's 2002-03 ethnic conflict is also the first test of an international law allowing victims--like the 93 people...

Author: /time Magazine | Title: The World | 1/29/2009 | See Source »

Like Nixon, Blagojevich specialized in collecting enemies only to find himself in need of some friends. He made the point repeatedly on Thursday that none of the charges against him have been proven in a legal sense - and that's true. Though U.S. Attorney Patrick Fitzgerald has been investigating him for some time, Blagojevich has yet to be indicted, much less convicted. (See pictures of TIME's Watergate covers...

Author: /time Magazine | Title: Whining to the Bitter End, Blagojevich Gets the Boot | 1/29/2009 | See Source »

...Alexander Hamilton explained in the Federalist papers, impeachments are political, not legal, trials. They inevitably involve "animosities, partialities, influence and interest." Through years of tough-guy politics and bullying the legislature, Blagojevich had managed to stack all those factors against himself. And any whisper of sympathy he might have been able to squeeze from the senators a week ago, he strangled by first refusing to defend himself in Springfield, then swanning off to Manhattan to complain under the klieg lights about the unfairness...

Author: /time Magazine | Title: Whining to the Bitter End, Blagojevich Gets the Boot | 1/29/2009 | See Source »

Almost 400 families, many with lost jobs and wages, have dropped by the center since the community opened it in late November to connect people to resources like food stamps, legal aid and unemployment benefits. "It's just snowballed," says Maryn Olson, the coordinator. "People need decent jobs with a secure income, decent housing. There is hope here, but there are so many uncertainties that there's a lot of fear...

Author: /time Magazine | Title: Iowa: What Happens When a Town Implodes | 1/28/2009 | See Source »

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