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...billion purchase last year of brokerage firm Merrill Lynch. In a separate development on Monday, the bank also announced that it had hired Sallie Krawcheck, a former top Citigroup executive, to run the Merrill Lynch brokerage division as part of a management shake-up. Observers say the move frees up Brian Moynihan, who had been in charge of Merrill's divisions and has long been thought to be Lewis' successor, to take on a larger role at the bank. Krawcheck, a former chief executive on Wall Street, is also a possible contender for the top job. (See 25 people...

Author: /time Magazine | Title: SEC Settlement May Threaten BofA CEO | 8/4/2009 | See Source »

...MC/MPA is designed to "increase the knowledge and skills of well established, high-performing professionals, who seek to enhance their public service careers or to move from the private sector to a leadership position in either the public or non-profit sectors," according to the program's Web site...

Author: By Molly M. Strauss, CRIMSON STAFF WRITER | Title: Hollywood Star Ashley Judd Enrolls at Kennedy School | 8/4/2009 | See Source »

...plan to bundle together civilian and military courts is intended to address some of the security concerns by removing any need to move the detainees once they first arrive at the facility. But Sarah Mendelson of the Center for Strategic and International Studies (CSIS) says the plan isn't just "very odd, and unprecedented," it is also unnecessary: U.S. courts have successfully tried and sentenced 145 terrorists since the attacks of 9/11...

Author: /time Magazine | Title: New Gitmo Proposal Draws Wide Range of Critics | 8/4/2009 | See Source »

...states carry out these cutbacks, many park officials have started investigating long-term strategies to find more reliable sources of funding. Margaret Bailey, senior vice president at CHM Government Services, a consulting firm in Beverly, Mass., says parks are trying to move away from operating with money in their states' general-fund accounts. These catchall coffers have historically financed public spaces but in recent years have been decimated by legislatures redirecting much needed cash to fill other lines in their budgets. Of the seven state-park systems that are not tethered to general funds, Oregon finances its parks with money...

Author: /time Magazine | Title: State Parks Look for Ways of Surviving the Budget Ax | 8/3/2009 | See Source »

Shine talks too quickly, as if he's the only person in West Africa who is in a hurry. He wants to be famous - but he also wants more. He wants to see Sierra Leone move toward peace and development. Fisher believes the path to reconciliation is for young men like Shine to lay down their weapons and pick up microphones. "Even [during the war] the rebels put down their guns when the music came on," he says. "The military and the rebels danced together, and when they're dancing, they don't have to fight...

Author: /time Magazine | Title: Singing to Stop the Fighting in Sierra Leone | 8/3/2009 | See Source »

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