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AIG, like Lehman, was ultimately done in by credit-rating agencies, of all things. The main credit raters - Moody's and Standard & Poor's - had blithely assigned top-drawer AAA and AA ratings to all sorts of hinky mortgage securities and other financial esoterica without understanding the risks involved. Would...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

Now, if you look at the mind, consciousness, and the brain, the assumption that the mind and brain are the same thing is fine for most circumstances, because in 99% of circumstances we can't separate the mind and brain; they work at the exactly the same time. But then...

Author: /time Magazine | Title: What Happens When We Die? | 9/18/2008 | See Source »

What's Next for China Re Simon Elegant's article on beijing after the Olympics: It was indeed a mission accomplished [Sept. 8]. When I visited the capital just last April, I saw people beginning to embrace a modern civilization while maintaining their roots in traditional culture. Though others may...

Author: /time Magazine | Title: Inbox | 9/18/2008 | See Source »

What's Next for China Re Simon Elegant's article on Beijing after the Olympics: It was indeed a mission accomplished [Sept. 8]. When I visited the capital just last April, I saw people beginning to embrace a modern civilization while maintaining their roots in traditional culture. Though others may...

Author: /time Magazine | Title: Inbox | 9/18/2008 | See Source »

Economic gloom is the trademark of most newspaper headlines as of late. Oil prices rise and fall, but bear bad omens either way. The housing market continues to deflate. And in the midst of it all, a number of Wall Street’s most venerable institutions are disintegrating. No...

Author: By The Crimson Staff | Title: A Worthy Rescue | 9/18/2008 | See Source »

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