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...York Federal Reserve had sought to conceal details of the controversial $182 billion bailout of troubled insurance giant AIG, U.S. Treasury Secretary Timothy Geithner--head of the New York Fed when the e-mails were sent--was called to testify Jan. 27 on Capitol Hill, along with his Treasury predecessor Henry Paulson. At issue: the use of taxpayer money to cover AIG's debts to Goldman Sachs, Morgan Stanley and other Wall Street firms. Both men defended the "backdoor bailout" and denied any involvement in the alleged attempt to hide the details of payments...

Author: /time Magazine | Title: The World | 2/8/2010 | See Source »

...While the Taliban deny that Hakimullah was killed, they had initially issued similarly fierce denials when his predecessor, Baitullah Mehsud, was killed by a drone strike last August. There are strong signs that a change of leadership may be under way in the ranks of the Pakistani Taliban. According to local reports, Hakimullah was taken to Mamozai village in Orakzai tribal agency, where he had first emerged as a Taliban commander and where his second wife lives. A doctor was summoned from nearby Hangu to treat his injuries. But well-placed sources believe Hakimullah died from his injuries...

Author: /time Magazine | Title: U.S. Deaths in Pakistan Fuel Suspicion | 2/5/2010 | See Source »

...High-Value Detainee Interrogation Group (HIG) was intended to replace the Bush Administration's intelligence-gathering procedures for captured terrorist suspects. One of President Obama's first acts after taking office was to suspend his predecessor's controversial detention and interrogation practices, and convene a task force to recommend new ones. When the Department of Justice announced its findings on Aug. 24, among the proposals was the creation of HIG, a mobile team of experienced interrogators, linguists, al-Qaeda experts and others would swing into action to question captured suspects. Intended for deployment overseas, according to Director of National Intelligence...

Author: /time Magazine | Title: Why Didn't HIG Question the Undiebomber? | 2/4/2010 | See Source »

...Zuma's reputation was restored considerably after his election, when he reversed years of denial of the AIDS epidemic by his predecessor Thabo Mbeki - Mbeki even disputed that HIV caused AIDS - and set targets of a 50% cut in new HIV infections and 80% coverage of antiretroviral drugs in South Africa by 2011. In his statement on Wednesday, Zuma said it was "mischievous to argue that" by his actions "I have changed or undermined the government's stance on the HIV and AIDS campaign. I will not compromise on the campaign. Rather, we will intensify our efforts." (Read "South Africa...

Author: /time Magazine | Title: In South Africa, a Scandal Over All the President's Children | 2/4/2010 | See Source »

...factories laid off thousands of workers. Transparency International's Corruption Perceptions Index for 2009 placed Ukraine 146th out of 180 countries, on the same level as Zimbabwe. "Things were better under Leonid Kuchma," says Stepan Grechkivskiy, who owns a milk factory in western Ukraine, referring to Yushchenko's authoritarian predecessor. "There was order, but now there is chaos." (Read more about Ukraine...

Author: /time Magazine | Title: In Ukraine, the Death of the Orange Revolution | 2/3/2010 | See Source »

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