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Sadrist parliamentarian Ahmad Hassan Ali al-Masiodi said the movement will retain its stature regardless of the elections. Al-Masiodi pointed to al-Sadr's previous ability to call up mass street protests with a word as a sign of the movement's clout and relevance. "The movement is very strong now, even better than before," says al-Masiodi. "You can notice this when we call for demonstrations in the number of people who come to join." But al-Sadr has not tested his strength with street marches lately. And that power, too, may go the way of his waning...

Author: /time Magazine | Title: As Iraqi Elections Loom, al-Sadr's Political Clout Fades | 1/26/2009 | See Source »

...shame on BofA. If Merrill's traders made bad bets in the fourth quarter, it's worth asking again, Where were BofA's risk and compliance troops? Wouldn't you want to be all over these people, especially in Q4? Or maybe they all took John Thain at his word when, in October, he said, "We continue to reduce exposures and deleverage the balance sheet prior to closing the Bank of America deal." Those words were surely reassuring, but isn't the whole idea of financial risk management that you don't take anyone at his or her word...

Author: /time Magazine | Title: The Deeper Truth About Thain's Ouster from BofA | 1/25/2009 | See Source »

Obama and Roberts, both of whom were high-ranking editors on the Harvard Law Review, provided one of the lone gaffes of the day by botching the wording of the oath: Roberts twice recited the worth “faithfully” out of order, causing Obama to pause momentarily before he too recited the oath with the word out of place...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Obama Inaugurated as 44th President of the United States | 1/21/2009 | See Source »

...recorded that Obama's first act as President was to correct Chief Justice John Roberts, who managed somehow to mangle the 35-word oath of office, misplacing the word faithfully, as in "faithfully execute the office of President ..." Roberts then mangled it a second time, Obama raised an eyebrow, and Roberts moved on, a bumpy beginning and something of a metaphor: one of the new President's functions will be to correct the mistakes of George W. Bush's benighted tenure. Obama made that very clear in his sharply worded address, which contained few catchphrases for the history books...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...that was the oddest aspect of Obama's transition, the lack of pomp and bombast to it. He rarely used the word I; he addressed the nation as a community of mature adults. He was all modesty; he asked for better ideas for his monumental stimulus plan (and quickly acceded to Democratic demands that he remove some of the tax breaks for small businesses). He seemed, at every turn, to predict that he would make mistakes; he did so once more at the congressional lunch immediately after he was sworn in. The cumulative effort of this behavior has been...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

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