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...exact origins of Memorial Day are disputed, with at least five towns claiming to have given birth to the holiday sometime near the end of the Civil War. Yale University historian David Blight places the first Memorial Day in April 1865, when a group of former slaves gathered at a Charleston, S.C., horse track turned Confederate prison where more than 250 Union soldiers had died. Digging up the soldiers' mass grave, they interred the bodies in individual graves, built a 100-yd. fence around them and erected an archway over the entrance bearing the words "Martyrs of the Race Course...

Author: /time Magazine | Title: Memorial Day | 5/24/2009 | See Source »

...Liddy had committed one unpardonable sin, or at least that was the story that several members of Congress wanted to believe. He had agreed to previously planned bonuses for AIG employees who worked in the part of the company that had created many of the insurance firm's losses. Liddy was clear in making the point that AIG had a legal obligation to make the payments. He would have been better off to hold his tongue. The minute he gave an explanation for his actions, no matter how rational it was, his interrogators seized on it as another...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...March testimony and cross examination in front of the House Financial Services subcommittee by pulling a blank sheet of paper from his brief case, writing his resignation on it, and handing it to chairman Barney Frank. Liddy is too class an act to have done that. He at least waited until AIG has reached a more stable state and left without a word of anger...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

...says Valeriy Chaly, director of international programs at the Razumkov Center think tank in Kiev, referring to the former Soviet bloc countries. "History can be used to create a political nation. It's an important process that brings Ukraine closer to Europe. But Russia wants to stop, or at least control, this process." (See pictures of rich Russians...

Author: /time Magazine | Title: Russia and Ukraine Battle Over Their Shared History | 5/22/2009 | See Source »

...recently noted. "The best that can be hoped for is a ceiling on what Tehran does - in particular, not enrich uranium to a concentration required for a weapon - and intrusive inspections so that the world can be confident of this. The outcome is less than ideal, to say the least, but it is one we could live with...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

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