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...public attention this week, when stocks of both MetLife and The Hartford took a pummeling as they announced losses on their investments, particularly in the distressed mortgage sector. And the Wall Street Journal reported Thursday that the two companies had discussed merging, though the talks had not produced an agreement. Analysts for the credit rating company A.M. Best have downgraded their outlook for insurance companies, but they say the companies have weathered the financial crisis better than banks and investment houses so far. While warning that "nobody is immune" in such a dismal financial market, analyst Tom Rosendale says customers...

Author: /time Magazine | Title: How Safe is Your Insurance Company? | 10/10/2008 | See Source »

...finance ministers at least came to a rhetorical agreement to prop up "system-relevant" banks. But which are they, and how many billions does Europe have to deploy? We'll cross that bridge when we get there, the ministers mumbled; meanwhile, we'll wait for the E.U.'s summit 
 on Oct. 15. Share prices, of course, did 
 not wait to plunge even further...

Author: /time Magazine | Title: Gloat at Your Peril | 10/9/2008 | See Source »

...that's indeed the case, that the tanks are meant for South Sudan, then it's possible the parties involved are violating the terms of the Comprehensive Peace Agreement (CPA), the historic 2005 deal that ended Sudan's 21-year civil war. According to the CPA, neither North nor South Sudan is allowed to rearm in the period before a 2011 referendum is held on South Sudanese independence - unless they have express permission from a Joint Defense Board, which is then obligated to inform the U.N. peacekeeping mission in Sudan. A spokesman for the U.N. Mission in Sudan tells TIME...

Author: /time Magazine | Title: The Somali Pirates: Tanks, but No Tanks | 10/9/2008 | See Source »

...passage of the deal is another case where a powerful ethnic lobby—perhaps along with some romantic notions about supporting the world’s most populous democracy—caused yet another foreign policy blunder. Since the Bush administration first negotiated the agreement in 2005, the Indian-American community has organized heavily in order to guarantee its passage. As The New York Times reported in 2006, “Indian-Americans, as well as the Indian government in some cases, have invested heavily in proven political tools that have helped previous immigrant groups break into American politics?...

Author: By Paras D. Bhayani | Title: Playing With Fire | 10/8/2008 | See Source »

...local Tibetan communities, some of whom questioned how executive power will be divided between the Chinese government and the Dalai Lama once an accord is reached. “Obviously we see Beijing as the central government,” Gyari assured, explaining that as the result of an agreement the government-in-exile would dissolve. But by allowing the Dalai Lama to continue to speak as the moral authority for the Tibetan people, he added, China can grow as “a power that is respected, and not just feared...

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: Tibetan Envoy Calls for Talks | 10/8/2008 | See Source »

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