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In his letter on Wednesday to Bank of America employees, Lewis wrote, "Some will suggest that I am leaving under pressure or because of questions regarding the Merrill deal. I will simply say that this was my decision, and mine alone." It is also abrupt. Just months ago, Lewis told...
In the absence of congressional action, the President does have other options. The Environmental Protection Agency (EPA) on Wednesday announced a proposed rule that would regulate carbon emissions from large emitters - primarily power plants - that emit 25,000 tons of greenhouse gases or more. The rule is the latest step...
The EPA's proposed rule marks the first time the Federal Government has tried to regulate stationary sources of greenhouse-gas emissions. But again, the details are far from certain. It's not clear yet what "best available technology" will mean for carbon - especially in the case of new coal...
Ten years ago, 72 percent of the US Under-20 (U20) roster for the FIFA Youth World Cup concurrently played ball in college. In 2007 the U.S. U20 roster—featuring senior Harvard striker Andre Akpan—only had five players in college; the rest of the team...
Why did Zazi take this step? "It's sometimes difficult to determine exactly at what point it was that somebody becomes radicalized and then decides to become a terrorist," a senior Obama Administration official tells TIME. "Usually it's an evolutionary process." And what does it mean to have an...