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...Director Robert Mueller said that HIG-like teams had been deployed since the fall, and CIA Director Leon Panetta said agency interrogators have accompanied them. This raised more questions whether the unit was functional. "It's moving along," was all Blair said. When committee vice-chair Christopher "Kit" Bond, the Missouri Republican, asked whether HIG would be deployed if Osama Bin Laden were captured, Blair responded. "I would very much hope that the HIG would interrogate him and squeeze all the information out of him." Before reading Miranda rights to bin Laden? Bond asked. "I'm not going to talk...

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

Baseball is America's pastime, but football is its true passion. The Friday-night lights bond towns across the heartland; on Saturdays, fans forget their worries to worship at the altar of the campus tailgate, smoke rising above grills like incense. On Sundays, we park our posteriors on the sofa to cheer the sublime spirals, miraculous catches and riveting runs down the sideline. It is one of our most lucrative forms of mass entertainment, celebrated not just on ESPN but in prime-time soap operas (Friday Night Lights) and Hollywood blockbusters (The Blind Side). The NFL's players and owners...

Author: /time Magazine | Title: The Problem with Football: How to Make It Safer | 1/28/2010 | See Source »

Meanwhile, more players are becoming enlightened. Once again, consider those tortured looks from Hadley, the Colgate senior who was shocked by the images of damaged brains of dead football players. Hadley loves football and doesn't regret a single hit or his four concussions. He holds a warrior bond with his fellow players. "It's bothering me that I'm telling you all this," Hadley says after outlining his concussion history and explaining how he decided to play through headaches until he couldn't remember the plays. "It's like I'm betraying a fraternity," he says...

Author: /time Magazine | Title: The Problem with Football: How to Make It Safer | 1/28/2010 | See Source »

...biggest creditors of AIG's financial-products division would have been willing to end the contracts for less than face value. French bank Société Générale, which was AIG's largest CDS counterparty, for instance, according to Blackrock was willing to unwind the bond insurance its had bought from AIG on its lowest quality bonds for 90 cents on the dollar, or for 10% less than what AIG had originally promised to pay. About 30% of the $16.4 billion in CDS contracts that SocGen had bought from AIG were on bonds rated...

Author: /time Magazine | Title: Could the U.S. Have Saved Billions on AIG Rescue? | 1/27/2010 | See Source »

...completed. French regulators pressured SocGen and Calyon not to negotiate with AIG. What's more, BlackRock said that investment bank Merrill Lynch, which had recently agreed to be purchased by Bank of America, was not willing to strike a deal. If AIG had then paid off only Merrill's bond insurance in full, the other banks may have balked on their less-than-full deals. (See the top 10 financial collapses...

Author: /time Magazine | Title: Could the U.S. Have Saved Billions on AIG Rescue? | 1/27/2010 | See Source »

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