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...There are other apparent inconsistencies with Lewis' claim that Bank of America had little part in determining Merrill's bonuses. For example, in mid-December Bank of America senior vice president Randall Morrow sent a letter to Merrill's general counsel saying that it was the bank's understanding that the bonuses had been reduced to $3.57 billion. What's more, a former senior Merrill Lynch executive told TIME.com, before the bonuses were actually distributed in late-December a member of Bank of America's human-relations department "went over, line by line" the bonuses that were to be paid...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

Wait. What exactly is making the "whack" noise? And if there's one thing FlyBy's learned about men, it's that you never date someone who goes by one letter...

Author: By Esther I. Yi | Title: Let's Take You On a Tour of 'Her Campus' - No, Not There | 9/17/2009 | See Source »

...person listens, Frankowski believes, and that's why back home in Alabama she arranged to have 10 large signs made on white foam board, nine of them marked with a big letter and the tenth with we and a heart. Raised aloft, the signs spelled...

Author: /time Magazine | Title: Mad Man: Is Glenn Beck Bad for America? | 9/17/2009 | See Source »

...Obama Administration that any effort to "reset" U.S.-Russian relations would require that Washington do more to accommodate Russian concerns - first and foremost, its opposition to the missile shield and to NATO's expansion into former Soviet-bloc countries. Soon after taking office, Obama reportedly wrote a private letter to Medvedev suggesting that the missile shield would become unnecessary were Russia to help the U.S. prevent Iran from developing into a nuclear threat. The Russians also made the missile shield a central issue in negotiations with Washington over a new arms-control deal to replace the Strategic Arms Reduction Treaty...

Author: /time Magazine | Title: Obama Shelves U.S. Missile Shield: The Winners and Losers | 9/17/2009 | See Source »

...Ultimately, what they are trying to create here is the Post Office of student lending - you've got no choice," says Jack Remondi, vice chairman and CFO of Sallie Mae, the nation's largest lender, referring to Obama's Aug. 11 comments that questioned the efficiency of American letter carriers. "And this is the President's initiative on health care: if you create competition, that should drive down costs and save people money...

Author: /time Magazine | Title: Obama's Student-Loan Plan: A 'Good' Takeover? | 9/16/2009 | See Source »

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