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Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake in the China Construction Bank, which the FT says could bring in as much as $8 billion...

Author: /time Magazine | Title: Bank of America Needs to Play Its Merrill Card | 5/6/2009 | See Source »

...very much a work in progress, with several agencies just beginning to grapple with allowing employees to even access social-networking sites. The White House communications team, for instance, is not able to access the government's Facebook postings and Twitter feeds, let alone those of reporters from the press corps, because of filters installed at the White House. (The White House New Media team, which posts on the networks from four old speech-writing rooms in the Eisenhower Executive Office Building, has been able to win an exemption from this policy...

Author: /time Magazine | Title: Obama and Twitter: White House Social-Networking | 5/6/2009 | See Source »

...government linked the mutiny to a coup plot it claims to have discovered two months ago, said Utiashvili, the Interior Ministry spokesman. Government officials showed the press a video claiming to show Givi Khvaladze, a former official at the Defense Ministry, outlining plans to seize control of the government with 200 military vehicles, heavy armor and 5,000 Russian soldiers. "Russia will come to our assistance" and will help "liquidate the leaders" of the government, he says in the video, according to Interfax. Khvaladze as well as a handful of other high-ranking officials are under arrest, while others...

Author: /time Magazine | Title: Behind the Military Mutiny in Georgia | 5/6/2009 | See Source »

...newly-acquired availability of highly specific testing within the Boston area’s state lab. None of the cases in Massachusetts have led to fatalities, though three patients were forced to seek hospital treatment. Rosenthal addressed concerns— raised at last Friday’s press conference held by members of the Boston Public Health Commission—that patients treated by the infected students as part of their clinical rotations could be at risk of infection themselves. Rosenthal said that all of those patients had been informed of the exposure and were advised to seek prompt treatment...

Author: By Edward-michael Dussom, CRIMSON STAFF WRITER | Title: Three Cases Confirmed as Swine Flu | 5/5/2009 | See Source »

...generally praised Mexico's response to the pandemic. For his part, Lezana insists the media "misinterpreted" his quote in an Associated Press article last week suggesting the WHO itself should have acted in a "more immediate" manner after Mexico informed it on April 16 that the flu strain that had killed Gutierrez seemed abnormal. "I wasn't claiming any delay on the WHO's part," Lezana tells TIME. What he was noting, he says, was that because the flu strain seemed atypical, there was a generalized fear among health officials "that we might not be able to learn its transmission...

Author: /time Magazine | Title: As Swine Flu Eases, Mexicans Ask: Was the Government Lucky or Good? | 5/4/2009 | See Source »

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