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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...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

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...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

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...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

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...

Author: By Mauricio A. Cruz, CRIMSON STAFF WRITER | Title: College Soccer at Odds with US Goals | 10/1/2009 | See Source »

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...

Author: /time Magazine | Title: An Enemy Within: The Making of Najibullah Zazi | 10/1/2009 | See Source »

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