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...Brooklyn in 1930 - he would later, much later, memorably describe the scene of his conception in his memoir - but he grew up in Ireland. His parents were both Irish immigrants, and they moved back there, to Limerick, in an effort to stay ahead of McCourt's father's drinking problem. They didn't succeed. Malachy, Frank's father, worked intermittently as a laborer, but he drank constantly...

Author: /time Magazine | Title: Frank McCourt, Author of Angela's Ashes, Dies | 7/19/2009 | See Source »

...very serious and has kept in remarkably good shape for a 63-year-old), but because the Sandinista boss uses gifts to keep people in line, and always double checks his list of who's naughty and who's nice. (Check out a story on Nicaragua's vampire problem...

Author: /time Magazine | Title: Nicaragua: Where Every Day is Christmas | 7/18/2009 | See Source »

NATO and U.S. forces have a new commander, General Stanley McChrystal. What are the first three or four things he needs to do to address this problem? I think the first step has to be identifying how the money and drugs flow, studying the maps and looking at the routes that narcotics take out of the country, identifying where the drug labs are, identifying the major players. This is going to require a lot more intelligence-sharing than has been going...

Author: /time Magazine | Title: Fighting the New Narcoterrorism Syndicates | 7/17/2009 | See Source »

...good news for traders has created two distinct concerns for President Obama's advisers. The first problem is political. For much of the year, populist revulsion at Wall Street greed has been palpable. Obama, who prides himself on his cool countenance, has repeatedly channeled this fury, flashing anger and frustration at the logic of financial titans, who continued to justify huge paydays even as their banks begged financial lifelines from the U.S. taxpayer. "That is the height of irresponsibility," the President said in January, after a report emerged of large 2008 bonuses on Wall Street. "It is shameful...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

...popping Goldman profits also create a policy problem for lawmakers, including the President, as they try to reform the financial system to ensure that history does not repeat itself. At issue is not just the safeguards that traders are using to ensure that another crisis of confidence doesn't occur, but whether traders on Wall Street are taking advantage of the public backstop against systemic failure to create personal profits. "We want financial systems to be healthy," says Robert Gibbs, the White House press secretary. But, he adds, "the President continues to have concerns that compensation will be based...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

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