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...been busy. On Wednesday, Geithner and White House chief of staff Rahm Emanuel met with House Democrats on the Financial Services Committee, pushing them to accept the deal Geithner had negotiated with committee chairman Barney Frank, which includes new powers for regulators and the Federal Reserve to limit risk among the nation's biggest financial institutions, and to dissolve those institutions in an orderly way if they fail. At the same time, the Senate is moving ahead with its own bill, with talk of a markup in Connecticut Senator Chris Dodd's Banking Committee before Thanksgiving. Treasury has even held...

Author: /time Magazine | Title: Geithner Leads a Fresh Charge on Financial Reform | 10/30/2009 | See Source »

...Geithner has been working Wall Street too. In the middle of last week he met with a group of top bankers, including Jamie Dimon of JPMorgan, Lloyd Blankfein of Goldman Sachs and others, and told them that while they were welcome to fight his efforts, the political environment was on his side. "In the long run we all need to restore trust in the system," Geithner told the bankers, according to a top aide familiar with the conversation, "People want to see that something's being done." (Read TIME's cover story, "What's Still Wrong with Wall Street...

Author: /time Magazine | Title: Geithner Leads a Fresh Charge on Financial Reform | 10/30/2009 | See Source »

...country that has long suppressed its public memory of the conflict, the exhumation represents one more significant step on the road to making peace with its past. But this being Spain, where nearly every attempt to commemorate the war's victims or punish its perpetrators is still met with ambivalence, even the identification of the remains of its most famous victim is fraught with discord...

Author: /time Magazine | Title: Exhuming Lorca's Remains — and Franco's Ghosts | 10/29/2009 | See Source »

...also telling that each of these efforts - from the removal of Franco statues to the exhumations of graves - has met with vociferous resistance. "There's a right-wing backlash against this huge 'recovery of memory' movement," says prominent Spanish historian Paul Preston. "You're dealing with a really complicated social phenomenon here - the families of the beneficiaries of Franco's victory. All they've ever been told by their parents and grandparents was about how they did the right thing, smashing communism and all that, and now they're being told that these people were little better than Hitler...

Author: /time Magazine | Title: Exhuming Lorca's Remains — and Franco's Ghosts | 10/29/2009 | See Source »

...people suddenly needed to know the exact time so they didn't miss their trains (and conductors needed to make sure that trains operating on the same track didn't crash). In 1883, the U.S. and Canada adopted a standard time system. The following year, delegates from 22 nations met in Washington to coordinate times across countries. They selected the longitudinal line that runs through Greenwich, England, as the standard from which they would measure (it had already been used by sailors for centuries). Every 15 longitudinal degrees, the time changed by an hour, thus creating 24 time zones around...

Author: /time Magazine | Title: How Do Countries Determine Their Time Zones? | 10/29/2009 | See Source »

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