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...stakes in the case have only increased now that AIG's fortunes have plummeted in the financial crisis. AIG's market capitalization has plunged 95% in the past year to a recent $4.3 billion. That means, should AIG be able to recapture it, the trove of cash and assets sitting at Starr, which has collected $4 billion from selling AIG shares in the past few years, could end up being one of AIG most valuable assets. That has made the mudslinging all the more intense...
...Chinese policy. The government made developing e-bikes an official technology goal in 1991. Major Chinese cities have extensive bicycle lanes, which means riders can avoid the worst of rush-hour congestion. In cities such as Shanghai, local governments have drastically raised licensing fees on gas-powered scooters in recent years, effectively driving hoards of consumers to e-bike manufacturers...
Netanyahu was reportedly shocked to discover, during his recent Washington trip, that Obama's position on settlements had the backing of many key friends of Israel on Capitol Hill. The President, in his Cairo speech, reaffirmed a rock-solid bond with Israel based on ensuring its security in a hostile environment. But that support doesn't translate into condoning the "Greater Israel" expansion into occupied territories represented by the settlements, which play little role in Israel's security today except as a drain on resources. A settlement freeze, conceived in the so-called Road Map to peace (first outlined...
...conference on Wednesday. "Of course, no interference in the votes can take place except in favor of their own candidate," he said. Mohtashamipour also expressed concerns that Ahmadinejad had received a fatwa to slander some of the Islamic republic's stalwarts, like Ali Akbar Rafsanjani, in televised debates in recent weeks, implying that he could attain further sanctions from hard-line clerics to meddle with votes. (See pictures of the lasting influence of Ayatullah Khomeini...
...Knox family and American supporters, did not question Knox on Friday. Sources told TIME he is seething over a blog on Thursday's New York Times website, which described his case as full of flaws backed by shoddy police work. He told TIME he would react publicly to the recent U.S. criticism next week...