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...easy to mock NBC, which fell to fourth place over a decade, put a retread of The Tonight Show in prime time, alienated TV-drama producers and publicly shafted Conan O'Brien, who said he would quit Tonight rather than move so that NBC could shoehorn Leno in at 11:35. As I wrote in a TIME cover last year, Leno's show was a paradox: a radical experiment with TV's most old-fashioned, middle-of-the-road star. It proved to be an unsustainable contradiction. (See the top 10 Conan O'Brien moments...

Author: /time Magazine | Title: Lessons of Leno: Why the Future Failed for NBC | 1/14/2010 | See Source »

...past year is that mistakes made on Wall Street can have real bad side effects on the rest of the economy," says Robert Johnson, a senior fellow at the Roosevelt Institute and a former chief economist of the Senate Banking Committee. "And that's adequate grounds to put in restraints before we have to have the next bailout." (See award-winning pictures of the fallout from the financial crisis...

Author: /time Magazine | Title: Bank CEOs Continue to Fight Financial Reform | 1/14/2010 | See Source »

That other McCain aides have kept quiet for so long about Palin owes to two factors. The first is loyalty to McCain. With his hatred of infighting, desire to put the campaign behind him and perhaps awareness of his complicity in foisting Palin on the world, the erstwhile Republican nominee has encouraged his people to stifle their criticisms and play down their disagreements with her, even though the direction Palin's vision for the future direction of the GOP is diametrically opposed to McCain...

Author: /time Magazine | Title: The Uncertain Future of Sarah Palin | 1/13/2010 | See Source »

...Garson says the authorities, who have already green-lighted Show of Peace, probably understand that the concert would be a good way of improving China's image overseas. "Everybody is looking for the next big event that will put China in a positive light since the Olympics," he says. "I think it's very powerful that this statement of green and harmony is coming from China...

Author: /time Magazine | Title: Can a Rock Concert (and a Vegas Producer) Remake China's Image? | 1/13/2010 | See Source »

...Put all that together, and it explains why, even before the Christmas Day incident, al-Awlaki was of such interest to the U.S. government that it tried to kill him. On Dec. 24, the Yemeni military, pressed by the CIA, fired rockets into his home south of Sana'a. Al-Awlaki was not the principal target - the top leadership of al-Qaeda in the Arabian Peninsula (AQAP) was thought to be meeting there - but U.S. officials were hoping the strike would also take out the cleric. He wasn't home...

Author: /time Magazine | Title: How Dangerous Is the Cleric Anwar al-Awlaki? | 1/13/2010 | See Source »

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