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...participants that the stock was being preserved for future AIG employees," Wells said to Greenberg. "Was it just a coincidence that you said that again and again?" Wells pointed to a "Statement of Commitment" that Greenberg and other Starr directors signed in 1992 pledging that Starr would maintain its investment in AIG despite "unforeseeable" changes in the future...

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

...with temporary positions just yet. The applied physics professor will serve as interim director of the Center for Nanoscale Systems, where his most visible responsibility will be the far-from-nano task of reducing the center's $6.1 million budget by as much as 20 percent while seeking to maintain the quality of its research opportunities. Colleagues praised Spaepen both for his administrative experience and his background as a material scientist. “I think he enjoyed being head of [Harvard's] Rowland Institute, but he has sort of a sense of duty and responsibility to make things work...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Interim Engineering Dean Takes On Another Post | 6/17/2009 | See Source »

...seems to be paying off. Belarus was included in the E.U.'s Eastern Partnership initiative, created last year to strengthen economic and political ties between Europe and six former Soviet states. Lukashenko's travel ban to Europe - issued after his 2006 re-election, which the U.S. and the E.U. maintain was rigged - has been lifted. And Belarus secured an additional $1 billion on a $2.4 billion loan from the International Monetary Fund (IMF) after Russia canceled its final $500 million installment. (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: Russia-Belarus Relations Sour over Milk Ban | 6/16/2009 | See Source »

...more sophisticated version of the idea that autocratic regimes can maintain power for decades would stress not just their willingness to use coercion against opponents, but also their ability to find and use safety valves that neuter forces for political unrest. Arguably, the Iranian regime itself did just that in allowing the election as President of Mohammad Khatami, a reform candidate - albeit one with limited powers - in 1997 and 2001. But the classic case of a safety valve is that of China after the Tiananmen Square massacre of 1989. In effect, for 20 years, China has been able...

Author: /time Magazine | Title: Viewpoint: The Ayatullahs Shut Off a Safety Valve | 6/15/2009 | See Source »

...longer place any store on allowing the election of a reform-minded President to satisfy popular discontent. It is that the Chinese option is not open to them. China's long boom has been dependent on its growing integration into the global economy. But so long as Iran maintains its nuclear ambitions, it will always be subject to sanctions from the most developed economies, principally that of the U.S. Without easy access to markets in the outside world, for both imports and exports, Iran cannot hope to develop the sort of economic growth that might - just might - obviate the need...

Author: /time Magazine | Title: Viewpoint: The Ayatullahs Shut Off a Safety Valve | 6/15/2009 | See Source »

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