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...result is that many more banks than expected have the resources to repay the billions they got from the Troubled Asset Relief Program back in October. Morgan Stanley, for instance, came out of the stress test a month ago in need of $1.8 billion in additional capital. But in the past month the bank was able to raise nearly $7 billion by selling new shares of stock. The result: Morgan says those stock sales and other moves will allow the bank to repay all of its TARP funds by the end of June. And Morgan won't be alone...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

...Rush Limbaugh, Sarah Palin speaking of her gay friend's "choice," the endless seven minutes of Bush sitting still during the onset of 9/11, pretty much any comment from Dick Cheney. When Obama was elected, many of the millions who voted for him wept from a mixture of deep relief and optimism - only to be mocked afterward by Republican pundits, who would begrudge Obama anything. When will they get it? As the Democrats remain in the ascendancy, I, for one, hope the GOP never does. Will Gilchrist, Los Angeles...

Author: /time Magazine | Title: Inbox | 6/8/2009 | See Source »

...North Korea, in the minds of many Americans, is often seen as a kind of crazy aunt in the attic - an entity no one pays attention to until she pops out and does something vaguely nutty. Sometimes Kim Jong Il is even portrayed as a figure of comic relief, as in South Park's Team America: World Police. Indeed, Google North Korea, and up pops up a site titled "6 Reasons North Korea Is the Funniest Evil Dictatorship Ever...

Author: /time Magazine | Title: Jailed U.S. Reporters: Business As Usual for North Korea | 6/8/2009 | See Source »

...Belfast judge found four men and the dissident terrorist group the Real IRA liable for the 1998 Omagh bombing, which killed 29 people and unborn twins, and awarded more than $2.6 million in damages to the families of those who died in the attack. But as well as bringing relief to the small market town of Omagh in Northern Ireland, Justice Declan Morgan's judgment could pave the way for victims' families around the world to pursue terrorists in civil court cases...

Author: /time Magazine | Title: Omagh Families Win in Court Against the Real IRA | 6/8/2009 | See Source »

...three doctors became the main source of information to the outside world from within the combat zone during the final days of Sri Lanka's decades-long civil war. Because the shrinking war zone was blocked, they were relied on heavily by journalists, relief agencies and others for updates. Many of them felt that the doctors were trustworthy sources: according to ICRC's Zanarelli, the three were from a group "with whom the ICRC had been working to evacuate nearly 14,000 patients and their careers between mid-February...

Author: /time Magazine | Title: Why Doctors from Sri Lanka's Combat Zone May Face Jail | 6/5/2009 | See Source »

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