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...Recently, Goldman Sachs, JPMorgan and others have said they plan to 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 »

...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 Abeer, and Green shot...

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

...unanimous approval, the Irish rejection essentially blocks it from going into effect.) "The Lisbon Treaty is dead for the moment," Klaus said after the Senate vote. "Therefore, my decision on its ratification is not on the agenda for the time being." The president's followers in the Senate also plan to challenge the treaty in the Constitutional Court, the Czech Republic's highest court, and Klaus has said he won't make up his mind before the verdict...

Author: /time Magazine | Title: Vaclav Klaus: The Man with the E.U.'s Fate in His Hands | 5/21/2009 | See Source »

...office with him. "He has a control mechanism. He leaves the barricade when it becomes indefensible." In a sign that he may not intend to kill the reform pact outright, Klaus gave up a chance to chair the E.U.'s June summit in Brussels, at which E.U. leaders plan to appease Irish voters before Ireland holds its new referendum. (The summit will instead be chaired by new Czech Prime Minister Jan Fischer, who supports the treaty...

Author: /time Magazine | Title: Vaclav Klaus: The Man with the E.U.'s Fate in His Hands | 5/21/2009 | See Source »

...Friday morning, the government is expected to adopt a set of guidelines to fight the flu at the recently established Headquarters for Countermeasures Against Influenza A (H1N1) in Tokyo. The new guidelines will be a modification of an existing plan created to counter the more virulent H5N1 virus, known as avian...

Author: /time Magazine | Title: In Japan, Swine Flu Spreading Quickly | 5/21/2009 | See Source »

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