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...plan works, it'll help the U.N. out of a dilemma of its own making. Back in 2000, the U.N. agreed on a set of lofty targets known as the Millennium Development Goals that aimed to lift African nations and other poor countries out of their cycles of poverty, illiteracy and disease by 2015. But of the $150 billion development assistance pledged by governments, just $104 billion has been provided. Douste-Blazy believes that only individual philanthropy will be able to make up the shortfall. "The architecture of development is changing," Douste-Blazy tells TIME. (Read "U.N. War Crimes Allegation...
...Though many questions remain, here's what is known about Lewis' involvement in the Merrill deal. In a proxy statement Bank of America sent out to investors seeking approval of its acquisition of Merrill Lynch, the bank said that Merrill would not pay year-end bonuses without Bank of America's consent. But according to the SEC, Bank of America had already agreed to allow Merrill to pay $5.8 billion in bonuses. Telling shareholders that Merrill still had to seek approval, and omitting mention that bonuses had been agreed upon, was, according to the SEC, "materially false and misleading...
...packed by Bet. And by Sampel. These recursive moments extend throughout the book, resonating with the more formal structure of poetry or music, which so often relies on reiteration and redoubling. The lyricism of the text is ever present, and Christensen’s prowess as an experimental poet, known for her groundbreaking works in verse—in particular “It,” “Alphabet,” and “Butterfly Valley: A Requiem,” all of which have been translated into English in recent years—cannot...
...This flexible narrative often contains genuinely uncomfortable truths. Some days "they" are the unconfirmed policy "czars" whom Beck fears Obama is using to subvert constitutional government - and he has some radical-sounding sound bites to back it up. Some days "they" are the network of leftist community organizers known as ACORN - and his indictment of the group is looking stronger every day. But he also spins yarns of less substance. He tells his viewers that Obama's volunteerism efforts are really an attempt to create a "civilian national-security force that is just as strong, just as powerful...
Business magnate Salah Ezzeddine was known as a pious, generous man. Hailing from a small Shi'ite Muslim town in southern Lebanon, he was a success story among the country's poorest, historically marginalized religious sect. With his reputation for generosity (he built a stadium and a mosque for his hometown of Maaroub, sponsored pilgrimages to Mecca and published children's books), few were suspicious when Ezzeddine promised investors a share of his business with the lure of outstanding returns - from 20% to 40% - and few details of how the plan worked or guarantees or paperwork. Still, what he seemed...