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...Herb Allison, who runs the Treasury Department's Troubled Asset Relief Program (TARP), the main vehicle the government has used to assist banks. Warren has said she wants Pandit to delineate how he plans to fully pay back taxpayers. A spokesperson for Warren says she has no plans to press Treasury on why Citi was allowed out of the government's most stringent pay restrictions...

Author: /time Magazine | Title: Citi and the Government: Still a Close Relationship | 3/4/2010 | See Source »

...vessel, the Louis Majesty was hit by three "abnormally high" waves, each more than 33 ft. (10 m) high, striking in clear weather and without warning. "We heard a loud noise, and it was the wave that hit us," Claudine Armand, a passenger from France, told the Associated Press Television News. "When we came out of [our room], we saw the wave had flooded everything." (See the top 10 scientific discoveries...

Author: /time Magazine | Title: Cruise-Ship Disaster: How Do 'Rogue Waves' Work? | 3/4/2010 | See Source »

...penance. He has burst back into public view, eager to chime in on everything from the Treasury Secretary to the significance of the Democrats' loss of Ted Kennedy's Senate seat. Meanwhile, his friends are busy fanning rumors that he may again run for office, hinting in the press that he is "considering" entering the race for Senator, state comptroller or even mayor of New York City. ("You Can't Keep a Bad Man Down: Spitzer Is Eyeing a Comeback," read a headline in the New York Post, one of his main antagonists.) "Politics gets my heart pounding faster than...

Author: /time Magazine | Title: Eliot Spitzer's Mission Impossible | 3/4/2010 | See Source »

...awkward press conferences...

Author: /time Magazine | Title: Eliot Spitzer's Mission Impossible | 3/4/2010 | See Source »

Such stories remain mostly confined to the media outlets of human rights and labor organizations, whose members operate under perpetual fear of arrest and intimidation. Iran's official media continue to portray Iran as a success story. Indeed, so does President Mahmoud Ahmadinejad. However, at Ahmadinejad's most recent press conference, in mid-February, a reporter asked the President about the omission of third-quarter GDP growth figures from the latest report by Iran's Central Bank. Ahmadinejad simply dismissed the importance of interim figures as "mere estimates" and claimed that current growth stood at 6.9%. Significantly, the newspaper World...

Author: /time Magazine | Title: Are Iran's Leaders Hiding a Severe Economic Downturn? | 3/3/2010 | See Source »

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