Word: strucke
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Journalist Mark Boal, 37, struck Oscar-nomination gold with his screenplay for The Hurt Locker; as one of the film's producers, he's up for Best Picture too. Boal spoke with TIME's Radhika Jones in Los Angeles about the genesis of his script, the meaning of the phrase the hurt locker and why it's good to kill off famous people in your movie...
...December, Citi and the feds struck a deal to get the bank out from under the government's most stringent pay rules. Citi paid back $20 billion of the money the government lent the bank, and the Treasury Department agreed to declassify Citi as one of the firms deemed to be receiving "exceptional financial assistance." (See the best business deals...
...outside of the initial $250 billion bank bailout, in which the government injected capital into financial firms in return for preferred shares and stock warrants. The list originally included AIG, Bank of America, Chrysler, Chrysler Financial, Citi, GMAC and General Motors. But in December, Bank of America and Citigroup struck deals with the government to get off the list. Bank of America raised nearly $20 billion from investors and paid back the government the $45 billion it was lent under TARP...
...Citi in mid-2009. The Treasury considers its remaining stake in Citi part of the Capital Purchase Program initiated at the start of the financial crisis. But because the government owns common stock and not preferred, the Citi deal is unlike any of the hundreds the Treasury has struck with other banks that have participated in the program. Nonetheless, on Dec. 23, Feinberg issued Citi a letter saying the bank would no longer be subject to his executive-pay review...
That's because this Pakistani frontier city, despite its large army garrison dating back to the British colonial days, had been in the grips of the Taliban's reign of fear. Nearly twice a week, they would send suicide bombers - often God-struck kids in their early teens - down from training camps in the mountains to blow themselves up at a busy crossroads or police station. They kidnapped rich businessmen, doctors and lawyers for ransom. And they silenced the music, shutting shops and banning songs at rowdy Pashtun tribal weddings, calling them "un-Islamic...