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...statement, Bank of America said it plans to name a successor to Lewis before the end of the year. Observers say Brian Moynihan, who in August was promoted to the head of the bank's retail network, is the most likely to replace Lewis. Another possible though less likely contender is Sallie Krawcheck, who was formerly the head of Citigroup's brokerage division and joined Bank of America in August...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...safest drivers in the study had half the crash risk of students without parental surveillance in the year preceding the survey. The aggressively supervised teens were also 50% less likely to speed, 71% less likely to drive after drinking and 29% less likely to use their cell phones while on the road, compared with their friends who reported having more-permissive parents...

Author: /time Magazine | Title: Parental Talks Can Make Kids Safer Drivers | 10/1/2009 | See Source »

...their parents for each use. In the survey, 70% of kids reported that they were the main driver of a car, regardless of whether they owned the vehicle. This perception, says Ginsburg, can promote more irresponsible driving habits. "Kids who have easy access to the keys are probably less likely to have those protective conversations with their parents and talk about setting rules," he says. "If they don't have to come home and return the keys or the car to someone, they are less likely to feel that what they are doing is closely watched, and they are less...

Author: /time Magazine | Title: Parental Talks Can Make Kids Safer Drivers | 10/1/2009 | See Source »

...affordability requirements for at least 95% of residents in a given state. Affordability is defined as premiums costing no more than 13% of adjusted gross income for those earning more than 300% of the federal poverty line (or around $66,000 for a family of four); for those earning less, the out-of-pocket maximum ranges down to 3% of income. (See 10 players in health-care reform...

Author: /time Magazine | Title: Health Reform's Public Option: Down, but Not Yet Out? | 9/30/2009 | See Source »

...victor. Sure, German Chancellor Angela Merkel retained her grip on the post. But Guido Westerwelle, the head of the Free Democrats, was the real winner, becoming the first openly gay leader of a governing German party. Though Merkel's conservative Christian Democrats pulled in one-third of the vote - less than in 2005 - Westerwelle's party captured 14.6% of the ballots, a 4.7% increase that was the largest of any group. Germany will now be ruled by a coalition of the two parties. Following German tradition, Westerwelle is slated to become Germany's next Foreign Minister and Vice Chancellor...

Author: /time Magazine | Title: Guido Westerwelle: Angela Merkel's Unlikely Partner | 9/30/2009 | See Source »

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