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...further mess of the AIG problems because he was slow to address them and was himself fired in September. His replacement, who holds the job now, is Edward Liddy, former head of Allstate. Liddy's most notable accomplishment since moving into the corner office was his ability to stand up to a withering cross examination in March about AIG's collapse. The roasting may have been entertaining, but Liddy had nothing to do with the issues that caused AIG's demise, or the pay packages that some of its executives received while the company rolled over and sank into...

Author: /time Magazine | Title: In Favor of Not Firing Bank CEOs | 4/20/2009 | See Source »

...weak tea compared to Perry's red rhetoric. Straddling the Washington-Texas divide has been difficult for Hutchison. While Perry has been outspoken in rejecting federal unemployment funds, saying they would result in increased premiums for Texas employers, Senator Hutchison has been criticized for a less-than-clear stand on the issue. She voted against the stimulus bill, then said Perry should find a way to take the benefits without burdening employers in the future...

Author: /time Magazine | Title: What's All That Secession Ruckus in Texas? | 4/18/2009 | See Source »

...charge sheet against him - Qasab had given his date of birth as Sept. 13, 1987. The defense attorney said Qasab does not remember his exact birthday, only that he was less than 17 at the time of the attacks. To resolve the standoff, Tahiliani told Qasab, "Please stand up." Addressing the open court, Tahiliani concluded, "If one looks at Accused No. 1, it looks that he is definitely above 21." At that, he decided to dismiss the application, leaving the door open to making a later inquiry into his age if it became necessary. (See pictures of Mumbai after...

Author: /time Magazine | Title: Mumbai Attacks Trial Offers Rare Glimpse into Indian Courts | 4/18/2009 | See Source »

...They’re really good boys and they treat us great. I don’t have any juicy gossip, though. 3. FM: Do you have any performance rituals, before you begin a show? SBB: We have a little game that we play, the band and I. We stand in a circle and clap and yell out random words that come to our minds. It sounds absolutely ridiculous and makes no sense whatsoever, but it always makes us laugh and loosens us up. 4. FM: Who’s next? Anyone you’d like to work with...

Author: By Stephanie M. Woo, CONTRIBUTING WRITER | Title: 15 Questions with Sara B. Bareilles | 4/17/2009 | See Source »

This cynicism focused on what was seen as a lack of any concrete measures from Obama despite his declaring a "new era in U.S.-Mexico relations" and saying he will stand shoulder-to-shoulder against the drug cartels. Particularly telling was Obama's admission that he will struggle to deliver on two key issues of major importance south of the border: the sale of U.S. assault weapons and immigration reform. The statements played into the hands of skeptics who argue that despite the more liberal face, it is still business as usual for the gringo colossus. "There were...

Author: /time Magazine | Title: Obama in Mexico: No Hero's Welcome | 4/17/2009 | See Source »

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