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...overnight from Anchorage - has done the trick. Shortly after he was photographed with North Korea's dynastic leader Kim Jong Il, wire services reported that Pyongyang had pardoned Lee and Ling, a necessary step in their release. And just before 7:30 p.m. eastern time, Clinton's spokesman sent out this statement: "President Clinton has safely left North Korea with Laura Ling and Euna Lee. They are en route to Los Angeles where Laura and Euna will be reunited with their families." The Korean Central News Agency called the release of the two journalists a sign of North Korea...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

...complaint, which was filed Monday, alleges that Lewis misled shareholders in advance of the Merrill acquisition, withholding information that might have caused investors to vote against the acquisition he wanted. In a proxy statement sent to shareholders prior to the vote on the deal, Bank of America stated that Merrill had agreed not to pay bonuses to its top executives until after the acquisition was closed. Shortly after completing the acquisition, Lewis fired Merrill's top executive John Thain for, among other things, paying out $3.6 billion in bonuses to Merrill's top executives just days before the Bank...

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

...Each carried in her right hand a long pink electric candle. Clumping into the shape of a birthday cake, they held the candles over their heads, switched on their battery-powered flames and sang "Happy Birthday to You." (Roosevelt also received numerous real cakes among the hundreds of gifts sent to the White House; one, from Los Angeles, weighed 250 lb.) (Read a TIME special report on health care...

Author: /time Magazine | Title: Presidential Birthdays | 8/4/2009 | See Source »

Most Presidents also get more cards than they know what to do with. When Teddy Roosevelt turned 50 on Oct. 27, 1908, messenger boys flooded the White House throughout the day bearing letters of congratulation from all over the globe. (England's King Edward VII sent his "cordial congratulations.") On cousin Franklin's 52nd birthday in 1934, 100,000 telegrams poured into the White House. One was 1,280 ft. long and signed by 40,000 people. It took two days to transmit and two messengers to carry. (See TIME's White House photo blog...

Author: /time Magazine | Title: Presidential Birthdays | 8/4/2009 | See Source »

...emphasis on diplomatic measures in Afghanistan comes at a time when NATO officials see Britain's commitment as essential to the security of the alliance. Britain has the highest number of troops in Afghanistan behind the U.S.; while other European countries have sent troops only for nation-building exercises in stable parts of the country, the Brits (along with the Canadians) have taken heavy casualties. In his first speech as the new head of the alliance on Monday, Secretary General Anders Fogh Rasmussen reiterated that NATO's priority must be the war in Afghanistan. "NATO is a strong military alliance...

Author: /time Magazine | Title: Britain's Soul-Searching Over Its Role in Afghanistan | 8/3/2009 | See Source »

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