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...seems clear that bank executives will benefit from the return of government funds. TARP-funded banks have to adhere to compensation rules that limit what the firms can pay their top executives. What's more, banks that received government assistance have put off buying private jets or remodeling offices so as not to appear irresponsible with taxpayer money. Industry insiders say that behind the scenes government regulators have also limited the risks that TARP-funded banks can take. (See the top 10 worst business deals of last year...

Author: /time Magazine | Title: Paying Back TARP: Good for Banks, Bad for Investors? | 5/22/2009 | See Source »

...issue, and some media reports suggested that Obama had agreed to a deadline of the end of 2009 for his diplomatic efforts to succeed in persuading Iran to reverse course on its nuclear program. In fact, Obama was more nuanced in response to the Israelis' agitation for a time limit on Washington's outreach to Tehran, refusing to impose an "artificial deadline" but affirming that his patience was not unlimited, and that by year's end he would have a good idea whether Iran was making a "good-faith effort to resolve differences." The President seeks to avoid being strung...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

...Israelis want to limit the diplomatic time frame out of fear that Iran will use open-ended talks as a cover for expanding its nuclear infrastructure. After all, even the Bush Administration had, in its final years, backed away from demanding that Iran suspend uranium enrichment as a precondition for talks, and Obama is unlikely to resuscitate a position to which the Iranians have shown no intention to concede. Instead, he seeks to create the most favorable conditions for diplomacy to work, because the alternatives are so unpalatable. Military strikes against Iran's nuclear facilities are deemed...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

...before. She walks him frequently, sometimes every couple of hours. "He's getting to the point where he can be naughty," she says, "like you walk in the room and it's like, 'Where'd you get that sock?' " The family has learned to limit Bo's range of potential destruction by keeping doors closed. "We try to set him up for success," she says with a knowing smile. (See pictures of Bo and other presidential dogs...

Author: /time Magazine | Title: The Meaning of Michelle Obama | 5/21/2009 | See Source »

Like many South American nations with painful histories of abusive autocrats and military dictators, Colombia had long tried to limit presidential power. The 1991 constitution banned re-election. Uribe was allowed to run in 2006 only after lawmakers amended the constitution in a controversial move that led to accusations of vote-buying. Now, with Uribe's blessing, pro-government legislators are trying to change the rules yet again. (See pictures of guerrillas battling Uribe's government...

Author: /time Magazine | Title: Colombia's Uribe: Keeping Up with Hugo Chávez | 5/20/2009 | See Source »

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