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...even that wasn't enough. Next month, the Irish government is set to formalize a highly controversial bailout plan in which a National Asset Management Agency (NAMA) would be created to remove the unpaid, property-linked debts from the banks' balance sheets. If approved by Parliament, which appears increasingly likely, NAMA would spend some $81 billion of taxpayer money to buy loans worth an estimated $70.5 billion at current market value. The so-called bad bank, as NAMA is sometimes called, will then manage the loans on behalf of the state for the next decade, by which time, the government...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...months into a two-year post. "The focus here is simply on getting fresh thinking, fresh eyes on the problem." But McChrystal's role in the friendly-fire death of former NFL star Pat Tillman - as well as prisoner abuses allegedly committed on his watch at Baghdad's Camp Nama - mean his Senate confirmation might not go as smoothly (or swiftly) as Gates hopes. (Read Joe Klein's take on McKiernan's Afghan exit...

Author: /time Magazine | Title: Stan McChrystal: The New U.S. Commander in Afghanistan | 5/12/2009 | See Source »

...Oversaw a task force that was criticized in 2006 for abusing detainees and harsh interrogation methods at Baghdad's Camp Nama...

Author: /time Magazine | Title: Stan McChrystal: The New U.S. Commander in Afghanistan | 5/12/2009 | See Source »

Later, in a more serious mode, the class performed a chant. Bunker began, singing in a soft voice: "Om Nama Shivaya." The chant, which "tunes you into yourself," according to Bunker, grew louder as the entire class joined her in the haunting chromatic scale. Their voices rose and fell, chanting the words over and over again...

Author: By Molly B. Confer, | Title: The Stressed-Out Learn to Relax Through Yoga | 3/2/1991 | See Source »

...Joint Chiefs of Staff, General Maxwell Taylor, thereby setting off a round of musical chairs in the Penta gon's military command (see box next page). In appointing Taylor, the President demonstrated the premium his Administration places on having a big-name ambassador in South Viet Nama premium so high that in recent weeks Secretary of State Dean Rusk, Defense Secretary Robert McNamara and Attorney General Robert Kennedy, all anticipating Lodge's resignation, offered to resign their present jobs and take over the Saigon post...

Author: /time Magazine | Title: Foreign Relations: Our New Men in Saigon | 7/3/1964 | See Source »

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