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...there are limits. The U.S. Administration has broached to Beijing the possibility of participating in the Proliferation Security Initiative, which aims to block suspected shipments of weapons and nuclear matériel from states such as North Korea, Iran and Syria. The program has had its successes. Last September, acting on intelligence from the U.S., India denied overflight rights to an aircraft that took off in Burma and was thought to be transporting North Korean missiles or other weaponry to Iran. The flight never made it to Tehran, U.S. intelligence officials say. But until very recently, even South Korea hesitated...
...Washington Good News From Banks, For a Change In a potential sign of hope for the ailing U.S. economy, the Treasury Department agreed to let 10 large banks begin repaying $68 billion in federal aid they received under the Troubled Asset Relief Program (TARP). Having passed "stress tests," some large firms like Goldman Sachs and JPMorgan Chase are expected to return the bailout money ahead of the original timetable set by the White House...
...compensation - your shot at a book deal goes way up. There are two new memoirs out by survivors of plane crashes: Ollestad's Crazy for the Storm (Ecco; 272 pages) and Robert Sabbag's Down Around Midnight (Viking; 214 pages). Starbucks has picked Ollestad's memoir for its book program, and you can see why: plane crashes are usually unknowable, secret events. We may never find the black box from Air France Flight 447, lost off the coast of Brazil on June 1. But from these crashes, we have something even better. (Watch TIME's video of the rescue...
...whole story is practically a fantasy: Amazon plucked Kluver out of obscurity to be the first author in its Amazon Encore program, which takes worthy but overlooked books and republishes them for a wider audience. But there's something odd about it too. If Amazon is a bookstore, it's supposed to be buying from publishers, not competing with them. Right? (See the 50 best websites...
Warren, 59, is exceedingly polite. She has strong opinions, but she often expresses them in a whisper-soft voice. She tends to say "Does that make sense?" in her Oklahoma drawl right after she finishes answering a question. During the hearing, which was focused on the federal bailout program's effect on corporate and commercial real estate lending, Warren gingerly tapped her gavel from the dais. "The hearing of the Congressional Oversight Panel will now come to order," she said a bit hesitantly. (See three questions about TARP for Warren's panel...