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...will simply allow JAL, which was owned by the government until it was privatized in 1987, to fail. The airline has already been bailed out three times since 2001, and was guaranteed 80% of a 100 billion yen emergency loan by the previous administration. On Thursday, Japan's new Prime Minister, Yukio Hatoyama, said "public support may become necessary" for JAL and that he wants to finalize restructuring plans for the company "as soon as possible," on the sidelines of the G-20 meeting in Pittsburgh. Government officials "definitely don't want Japan's flagship carrier to file for Japan...

Author: /time Magazine | Title: Japan Airlines Needs GM-Style Bailout | 9/25/2009 | See Source »

...Flanked by Britain's Prime Minister, Gordon Brown, and France's President, Nicolas Sarkozy, Obama warned that Iran would be held accountable if it failed to live up to its international obligations. Fearing imminent disclosure of the plant - which is being built into a mountain near the seminary city of Qum - the Iranians earlier this week wrote to the International Atomic Energy Agency (IAEA) to confirm its existence. (Read the full transcript of TIME's exclusive interview with Ahmadinejad...

Author: /time Magazine | Title: Ahmadinejad Rejects Obama's Nuclear Warning | 9/25/2009 | See Source »

Final-status talks were something Netanyahu had hoped to dodge. Not only does his right-wing coalition government refuse to countenance negotiations over refugees or Jerusalem, but also, the Prime Minister, much of whose political career has been built on resisting the Oslo peace process, has sought to promote incremental improvements in Palestinian life, particularly the economy, over the search for a final two-state agreement. Obama isn't buying it. According to Israeli accounts of Tuesday's meeting, the U.S. President "scolded" Netanyahu and Abbas, declaring "We've had enough talks. We need to end this conflict. There...

Author: /time Magazine | Title: Did Netanyahu Best Obama in Mideast-Peace Tussle? | 9/23/2009 | See Source »

...talks suggest the Administration will summon the two parties to Washington next month for talks under U.S. auspices on the full gamut of final-status issues. But Netanyahu may have his own ideas and may be buoyed by his success in resisting the settlement-freeze demand. Indeed, the Israeli Prime Minister's domestic popularity has surged as a result of his defiance of Obama. Abbas, however, who had already been reduced to an increasingly marginal figure by the failure of his negotiating efforts over the past decade to win any significant gains for the Palestinians, suffered further political damage...

Author: /time Magazine | Title: Did Netanyahu Best Obama in Mideast-Peace Tussle? | 9/23/2009 | See Source »

...today by Obama. True, Abbas was dragged to the summit only days after insisting that he will not come to any meeting unless settlement construction is frozen first. But it is also true that Netanyahu, the head of the right-wing Likud Party, is one of the first Israeli Prime Ministers to agree to some form of settlement freeze...

Author: /time Magazine | Title: Did Netanyahu Best Obama in Mideast-Peace Tussle? | 9/23/2009 | See Source »

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