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...Ross has also said the U.S. has just 18 months to avoid a scenario in which Israel attacks Iran to stop its nuclear program. Such views would make his appointment anathema to Tehran, not least because of Ross's own long-established connections to Israel. In Arab capitals, he was generally regarded as biased toward Israel throughout the Oslo peace process, and his central role in bodies such as the Jerusalem-based Jewish People Policy Planning Institute and the advocacy group United Against Nuclear Iran will hardly endear him to the Iranians...

Author: /time Magazine | Title: Talking to Iran: What Are Washington's Options? | 2/13/2009 | See Source »

...perspective, the increase in cases in China is notable, as is the wide geographic spread," says Dr. Hans Troedsson, the World Health Organization's representative in China. There is still no evidence that the virus has mutated to spread easily between humans, he says. But while such a nightmare scenario, which could set off a global flu pandemic that could kill millions, has shown no signs of being an immediate threat, serious concerns remain. "The fact that this is the highest number for a single month in China reminds us that the virus is entrenched and circulating in the environment...

Author: /time Magazine | Title: Is China Making Its Bird-Flu Outbreak Worse? | 2/13/2009 | See Source »

...relatives for al-Qaeda cash; he could have gone to Skarssen. As the banker tells an African insurgent, "The real value of a conflict, the true value, is the debt it creates." Hearing the outlines of this conspiracy, today's viewer feels almost nostalgic, since it's a nightmare scenario from the first years of the U.S. occupation of Iraq. Who knew, back in the recent, relatively soothing past, that the bankers could deliver a more lethal blow to the world economy without a shot being fired - just by bundling toxic mortgages...

Author: /time Magazine | Title: The International: The Banker As Bad Guy | 2/12/2009 | See Source »

...Stephen M. Wilkins, a manager in the department of sports administration with CPS, knew Duncan well before working under the CEO. The two were raised one block away from each other in Hyde Park. “He grew up in the unlikely scenario,” says Wilkins, “of a kid from a solid middle class background going across the very real racial lines of Chicago to tutor kids eight blocks from where he lived...

Author: By H. max Huber, CRIMSON STAFF WRITER | Title: Arne S. Duncan '86 | 2/11/2009 | See Source »

...That's basically the scenario for Strata. Its investors don't owe a dime on the first $130 million (or 13%) in losses on the $1 billion bond portfolio. That may seem like it gives Strata investors a lot of protection. But if just 15% of BofA's $1 billion imaginary bond portfolio, which are real bonds just not necessarily owned by BofA, goes bad, then 100% of the investment in Strata is toast. Because of that, Moody's rated the bond the equivalent of BBB-, which is the lowest investment grade rating the firm...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

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