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Kenneth Lewis' days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation's largest bank...

Author: /time Magazine | Title: SEC Settlement May Threaten BofA CEO | 8/4/2009 | See Source »

...prior to its $50 billion purchase last year of brokerage firm Merrill Lynch. In a separate development on Monday, the bank also announced that it had hired Sallie Krawcheck, a former top Citigroup executive, to run the Merrill Lynch brokerage division as part of a management shake-up. Observers say the move frees up Brian Moynihan, who had been in charge of Merrill's divisions and has long been thought to be Lewis' successor, to take on a larger role at the bank. Krawcheck, a former chief executive on Wall Street, is also a possible contender...

Author: /time Magazine | Title: SEC Settlement May Threaten BofA CEO | 8/4/2009 | See Source »

...Thankfully, there are people like Body Guard Studio's King Fisher, whose real name is Emrys Savage, working toward peace - and doing it with music. "When you go to a club and the music says, 'Go down, go down,' people go down," says Aruna Hakim Dumbuya, a.k.a. Wahid, one of the musicians at Body Guard on the rainy Saturday. "And when the music says, 'Come up,' they come up. If you say 'Make peace,' people will make peace...

Author: /time Magazine | Title: Singing to Stop the Fighting in Sierra Leone | 8/3/2009 | See Source »

Whatever the new rules say, experts agree they aren't likely to delve into too much minutiae. "[They are] not going to clarify that driving someone to the airport is O.K., but getting on the plane with them isn't," Jackson says. "[They are] much more likely to specify relevant factors such as whether the person who assisted with the suicide stood to gain any financial advantage, or exerted any pressure on the person [who committed suicide...

Author: /time Magazine | Title: Britain to Clarify Its Assisted-Suicide Law | 8/3/2009 | See Source »

...wounding 15 more. While the authorities have been careful not to speculate on a motive for the crime, the city's stunned gay community was not hesitant about assigning blame for the atmosphere they believe was conducive to the crime. Pointing to Orthodox Jewish gay-bashers, gay activists say the shots fired in the club for teenagers - the most serious in a series of verbal and physical attacks on their community - were a violent manifestation of Israel's ongoing culture war. The attack spotlights the tensions within Israeli society as it tries to balance Western liberalism and Orthodox Jewish values...

Author: /time Magazine | Title: Gay vs. Orthodox: A Deadly Turn in Israel's Culture War? | 8/3/2009 | See Source »

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