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...recent days, 10 top banks have begun to repay some $68 billion in TARP funds. According to Warren, knowing exactly what happened to money spent under TARP is less important than simply keeping the pressure on. "We certainly haven't achieved perfect transparency," she says...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

...many of America's biggest states, can be frustrating to traverse. Driving between such major cities as Miami and Tampa is a back-numbing haul; flying between them, especially at the exorbitant fares many airlines charge, often seems impractical. And as the peninsula state's population has exploded in recent years - Florida is set to pass New York as the nation's third largest state - its road and air corridors have become more gridlocked and eco-unfriendly. Which is why Floridians voted in 2000 to build a high-speed bullet-train service between Miami, Tampa and Orlando. By 2004, however...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

...white elephant whose costs have been lavishly underestimated by the Obama Administration. Even the Orlando Sentinel, which covers a city that would absorb a large share of the $1.5 billion Florida will seek to help fund a $2.5 billion Orlando-Tampa HSR line, warned in a recent editorial that the Sunshine State is "really not a strong candidate for high-speed rail." The reason: its local commuter-train lines - which HSR would need to link up with to make it truly practical - are virtually nonexistent because of the peninsula's car-obsessed culture...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

...While conceding that the NCRI's clandestine networks in Iran have been hit by the execution of what he says has been thousands of members and sympathizers over the past two decades, foreign-affairs chairman Mohaddessin says a recent burst of recruiting and activity has restored some of the group's ability to operate inside the country. Operatives there, he says, are busy gathering intelligence and organizing to undermine the regime. According to Mohaddessin, sympathizers secretly monitored more than half the polling stations during the presidential election, providing the NCRI with enough information to claim that scarcely 15% of Iranian...

Author: /time Magazine | Title: In Iran Crisis, Paris Exile Group Plays Disputed Role | 6/22/2009 | See Source »

Iranians critical of the government have long viewed state media as a propaganda tool, but only in recent days has the institution emerged as a focus of their ire. State news broadcasts have largely overlooked the enormous street protests of recent days, including the June 16 protests that stretched across five miles of Tehran. When the news does make mention, it shows brief scenes of what presenters describe as "hooligans" rioting. Street interviews either highlight those who back Ahmadinejad, or young people who claim to be recanting their support for Mir-Hossein Mousavi in light of recent developments. (Read...

Author: /time Magazine | Title: State Television Becomes a Focus for Iranian Anger | 6/22/2009 | See Source »

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