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...repay the tens of billions of dollars they received last fall as part of the government's Troubled Asset Relief Program (TARP) as soon as possible. Investors immediately cheered the news. Shares of Goldman and JPMorgan are up 80% and 117%, respectively, since the market bottomed in early March...

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

...March 12, 2006, Private First Class Green and three fellow soldiers got drunk on Iraqi whiskey at a lightly defended checkpoint in one of the country's most dangerous regions. Harboring a hatred of the locals that stemmed from heavy losses their platoon had sustained, Green and his co-conspirators hit upon a plan as savage as it was outrageous. Donning long black underwear disguises they called "ninja suits," they slipped away unnoticed from their post and ventured to a house several hundred meters away, where they jumped the family living there. Three of the four soldiers, including Green, raped...

Author: /time Magazine | Title: When a Soldier Murders: Steven Green Gets Life | 5/21/2009 | See Source »

...fantasies during the campaign was that in her White House, famous people wouldn't just come in; they would go out into the community too. So on a cool day in March, she dispatched a regiment of role models to schools across Washington, including singers Alicia Keys and Sheryl Crow, Ann Dunwoody, the first female four-star general, and Mae Jemison, the first African-American woman to travel into space. Michelle visited Anacostia High School, where violence is common and signs on the walls tell students which baby supplies will be available through the Baby Bonus Bucks Redemption Program...

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

...typical day, few of the hundreds of thousands of people who flow past the Liujiayao Bridge in southern Beijing pay any attention to Su Lianzhi. But on March 23, the 53-year-old fruit vendor became the cause of thousands of passing commuters. Around 11 a.m., as Su and her family were trying to make a few sales, a white van swooped in. At least 10 men jumped out and began confiscating the family's fruit and three-wheeled cart. "My mother would not let them take the cart," says Su's daughter, Yuan Fang. "But the young men were...

Author: /time Magazine | Title: Above the Law? China's Bully Law-Enforcement Officers | 5/21/2009 | See Source »

...reaction of passersby who witnessed the Beijing raid in March gives an indication of the suspicion with which the chengguan are held by average citizens. Hundreds of people surrounded the van, shouted at its occupants and even attempted to turn the vehicle over. "Many of them stood up for us, accusing the thugs of beating a defenseless old woman," says Yuan. It was only around 6 p.m., seven hours after the clash began, that the crowd allowed the van to escape...

Author: /time Magazine | Title: Above the Law? China's Bully Law-Enforcement Officers | 5/21/2009 | See Source »

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