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...December, when Brian Moynihan was tapped to be the chief executive of Bank of America, many said he got the job because no one else would take it. Just days before, Robert Kelly, the CEO of Bank of New York Mellon, had become the latest high-profile executive to turn down the post. But in the three months since Moynihan, 50, has taken over the reins at the nation's largest bank, he has used a mix of consumer-friendly initiatives, Washington face time and attention to detail to win over critics. Consumer advocates have applauded the bank's moves...
...into Boston Harbor. The expression was coined by no less a person than Winston Churchill in 1946 to describe the intricate skeins of mutual interest, cultural heritage and sometimes gloopy sentiment that bind Washington and London. Globalization and "shifts in geopolitical power" mean that both countries are inevitably forming new and deep alliances with other players, and talk of a "special relationship" is increasingly misleading, says the report. "The overuse of the phrase by some politicians and many in the media serves simultaneously to devalue its meaning and to raise unrealistic expectations about the benefits the relationship can deliver...
...world for its defense of liberty and support for individual opportunity." His two main parliamentary opponents, who will square off against Brown in elections that are expected in May, have both indicated to TIME that they will recalibrate London's approach to Washington. "Blair was too much the new friend telling you everything you want to hear, rather than the best friend telling you what you need to hear," says Conservative chief David Cameron. What America needs is "the candid friend, the best friend." Liberal-Democrat leader Nick Clegg, speaking to TIME in February, was even more outspoken, deploring "this...
...Prime Minister Vladimir Putin, himself a former KGB agent who later became head of the FSB, has overseen several brutal campaigns against the Islamic separatists, starting with the second Chechen war in 1999 that established his popularity in Russia as an unflinching leader. On Monday, he warned of a new crackdown against those responsible for the bombings. "I am certain that law-enforcement agencies will do everything to find the criminals and bring them to justice. The terrorists will be destroyed," Putin said in televised remarks. Russian President Dmitri Medvedev, meanwhile, ordered police to tighten security across the country...
...Chechen war was precipitated by a series of deadly apartment bombings in Russian cities, including Moscow, and human-rights activists have warned that new terrorist attacks could lead to more military campaigns in Chechnya or the other violence-wracked parts of the North Caucasus - Ingushetia and Dagestan. The insurgents' leader, a warlord named Doku Umarov, renewed his pledge last month to bring "holy war" to Russia's cities and industrial centers in an effort to carve out an Islamic state. "Blood will no longer be limited to our cities and towns. The war is coming to their cities," Umarov said...