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...Obama and Geithner have a long list of penalties they can impose if the banks don't do a better job of lending to small businesses or modifying home loans. And Obama's pay czar, Kenneth Feinberg, could target the bank's bonuses with what the senior bank executive calls a "crazy" pay restriction like the one Britain passed last week. But the banks are expert at staying just on the right side of the Administration's guidelines for lending, and they have many friends on the Hill who can help defuse a movement to punish the banks. Which...

Author: /time Magazine | Title: Obama vs. the Banks: The Pressure Intensifies | 12/13/2009 | See Source »

...more than 20 million dollars a year in Iran (there are 19 such companies). Scores of municipalities and labor unions are beginning to follow suit. Given today’s economic climate, it is financially prudent for Harvard to divest its holdings from companies that could soon be the target of American and international sanctions...

Author: By DARRELL J. BENNETT Jr. and ALEXANDER CHESTER | Title: Time to Explore Iran Divestment | 12/11/2009 | See Source »

...until September that Qasab was "selected for some confidential operations," according to his statement to Indian authorities. According to the same document, he and the others started a new round of training in swimming and navigation for an operation at sea, and on Sept. 15 they learned that their target was Mumbai. The 10 gunmen who arrived in Mumbai on Nov. 26 would land at the jetty at Budhwar Park, an unguarded fishing spot near the southern end of Mumbai, carrying their weapons with them. The Mumbai attack - which paralyzed a city of 18 million for nearly three days...

Author: /time Magazine | Title: Alleged Chicago Jihadi: Key Role in the Mumbai Attacks? | 12/11/2009 | See Source »

...Maoist insurgency gripping India's heartland has been blamed for more than 800 violent deaths this year, and will soon be a target of a major counter-offensive by Indian security forces. But the so-called Naxalite movement - as well as the fight against it - has a hidden cost: the education of thousands of India's most vulnerable children, whose schools have been blasted by rebels, occupied by security forces, or both...

Author: /time Magazine | Title: The Insurgency Threatening India's Schools | 12/9/2009 | See Source »

While everyone agrees that allowing elderly and disabled Americans to stay in their homes is better from a fiscal standpoint, certain details of the CLASS Act have made it an easy target for critics. Examining the merits of these criticisms provides a window to understanding both the complexity of health care reform and why it's so ripe for mischaracterization. For instance, to prevent people from purchasing long-term-care coverage when they are already in need, the CLASS Act requires that enrollees be employed and pay into the system for five years before becoming eligible to collect benefits...

Author: /time Magazine | Title: Should Long-Term-Care Insurance Be Part of Health Reform? | 12/8/2009 | See Source »

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