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...Also troubling: Wall Street veterans are complaining that banks and other investment firms - many of which are recipients of federal aid - may be taking advantage of the taxpayer bailout of AIG to boost their profits. "It seems very possible that the banks are forcing AIG to unwind its contracts at a premium," says James Bianco, who runs a financial-markets research firm in Chicago...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...secure our long-term economic future. We need to consume less energy in order to reduce our oil imports and carbon emissions as well as our household expenses. We need to quit smoking, lay off the Twinkies and avoid other risky behaviors that both damage our personal health and boost the costs of care that are ravaging the nation's fiscal health. Basically, we need to make better choices - about mortgages and credit cards, insurance and retirement plans - so we won't need bailouts down the road...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...Administration's instincts are right to work toward some sort of endgame in Afghanistan - train the Afghan army and police, boost economic aid, do something about the corruption and talk to certain elements of the Taliban, making sure they understand we'll be back if al-Qaeda comes back. But it has to happen very quickly. (See pictures of the battle against the Taliban...

Author: /time Magazine | Title: Avoiding a Quagmire in Afghanistan | 4/1/2009 | See Source »

...than the site in east London playing host to the G-20 summit this week. To the south of the ExCel conference center, where the meeting will take place, lie the vast Royal Victoria docks, built on marshland in 1855 to accommodate the biggest ships of the day and boost the city's capacity for maritime trade. Look to the west, and you can't miss the towers of Canary Wharf, totems to London's more recent role as a global financial capital...

Author: /time Magazine | Title: G-20 Site: 'A Cesspool, Bubbling with the Foul Products of Decomposition' | 4/1/2009 | See Source »

...While the cosmetic industry did not fund Lewis' study, it will probably get a boost from his new Botox research. The industry has already shown interest in promoting Botox as a mood enhancer: "I have noted frequently that my patients who receive Botox seem happier," Joel Schlessinger, then president-elect of the American Society of Cosmetic Dermatology and Aesthetic Surgery and president of LovelySkin.com, said in 2006. And Botox has already proved to be somewhat of a wonder drug in its wide application: studies have shown it to be an effective treatment for enlarged prostates, migraines, excessive sweating, writer...

Author: /time Magazine | Title: Wipe Away That Frown: Botox Makes You Happier | 3/31/2009 | See Source »

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