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...Washington commissions and hearings are often yawn-inspiring affairs. But this one, officially called the Financial Crisis Inquiry Commission (FCIC), could trigger some fireworks in part because of the severe damage caused by the financial-industry meltdown. What's more, the commission's chair Phil Angelides, a Democrat and former California state treasurer, has already come out swinging against Wall Street, calling the bonuses financial firms are planning to hand out soon for last year "unjustifiably wrong." So it's no real surprise that the first ones to be in the hot seat are the bankers themselves. (See pictures...

Author: /time Magazine | Title: Hearings to Begin on Causes of Financial Crisis | 1/11/2010 | See Source »

Although Schwarzenegger insists he will not raise taxes, in his speech, he requested $6.9 billion in aid from Washington. This would not be a bailout, he said, but a demand for fairness. "When President Clinton was in office, California got back 94 cents on the dollar from the Federal Government. Today, we only get 78 cents back. But in the meantime, Texas gets 94 cents, Pennsylvania gets $1.07," he said. "And guess what New Mexico gets? $2.03." Without the additional federal money, Schwarzenegger said, he will again propose the elimination of CalWorks, the state's welfare-to-work program...

Author: /time Magazine | Title: California Deficit: Arnold Has to Make 'Sophie's Choice' | 1/9/2010 | See Source »

...Meninas, likely suffered from both a thyroid condition known as goiter and the genetic disorder linked to premature puberty, McCune-Albright syndrome. The unusually long, thin fingers of the young nobleman in Sandro Botticelli's Portrait of a Young Man, which is displayed at the National Gallery in Washington, indicates that the subject suffered from Marfan syndrome, a genetic disorder of the connective tissue. The professor even performed a checkup on the master of the masters, Michelangelo, who is depicted in the foreground of Raphael's The School of Athens with swollen knees, which Franco says were likely caused...

Author: /time Magazine | Title: Did Mona Lisa Suffer from High Cholesterol? | 1/9/2010 | See Source »

...After a case of mad cow disease was discovered in Washington state in 2003, 65 nations imposed partial or full bans on U.S. beef, plunging the American beef industry's exports down by over 75%. Those numbers have yet to recover to their 2003 level of over 1.2 million metric tons, even as nations have softened their positions. Japan, the U.S.'s biggest export market, along with Hong Kong, Taiwan and other countries retrenched slightly in 2006, instituting new, partials ban on beef parts thought to be prone to potential infection. South Korea lifted its U.S. beef...

Author: /time Magazine | Title: Will Beef Derail U.S.-Taiwan Trade Relations? | 1/8/2010 | See Source »

...Though some feared the legislature's move would undermine U.S.-Taiwan ties, ultimately beef is a minor issue, says Loh. As China's economic and political clout rises, Taiwan is an important strategic ally to the U.S. "The U.S. will go easy on Ma," he says. "After all, Washington needs Taiwan to balance the mainland. I think this is what Ma is counting...

Author: /time Magazine | Title: Will Beef Derail U.S.-Taiwan Trade Relations? | 1/8/2010 | See Source »

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