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...insurers can reduce payouts to policyholders to 3.25%, but that still leaves many of the smaller mutuals - which didn't boost their equity game until late in the bull run - in trouble. Now industry groups are pressuring the big boys, like Allianz and Ergo, to bail out their little brethren. It's a global dilemma: State Street Bank analyst Brian Garvey says American insurers have pumped $526 billion into stocks since 1997, "creating the risk of a vicious circle of price declines and forced liquidations." U.K. regulators have a similar fear, and they've responded by lowering the amount...

Author: /time Magazine | Title: Insuring the Insurers | 7/28/2002 | See Source »

...spinning off CSI: Miami; ABC has a remake of Dragnet from producer Dick Wolf, who has essentially been remaking Dragnet for 12 years on Law & Order, itself the parent to two spin-offs and a reality court series debuting later this month. And many of their new brethren seem to be following in CSI and L&O's flatfootsteps: connect-the-dots whodunits neatly solved in 44 minutes plus commercials...

Author: /time Magazine | Title: Television: New Cops On The Beat | 6/10/2002 | See Source »

Music has always been a great proselytizing tool, and Christian bands like P.O.D. have learned much from their secular brethren about selling themselves and their message. In look and attitude they are often indistinguishable from secular bands. P.O.D. even played on Saturday Night Live last month. "Kids have so many choices that when they buy something, it has to hit them on numerous levels," says Ron Shapiro, co-president of Atlantic Records, P.O.D.'s distributor. "It's about the music and the message." A typical P.O.D. lyric is pointed but tries to avoid religious cliche: "Commit my life to rebirth...

Author: /time Magazine | Title: Families: When God Is Cool | 5/13/2002 | See Source »

Asked for wisdom to share with her sex-forsaken Ivy League brethren to the north, Krinsky was at a loss (much as one would be after being prompted to give a twelve-word solution to the problem of world hunger). After a thoughtful pause, Krinsky seemed poised to share with me the elusive answer to Harvard’s 366-year sexual drought. “Umm...we’re all in this together,” is the best she can offer. We’re doomed...

Author: By Peter L. Hopkins, CRIMSON STAFF WRITER | Title: Hopkins on Krinsky | 4/18/2002 | See Source »

...Sharon is driving the Middle East toward the precipice. Israelis rely on the superiority of their arms now. But how long will the superiority last? The Arab countries will not remain, 10 or 20 years from now, with their hands tied behind their backs, and see their brethren dying. We are graduating from the Arab world more scientists than there are citizens in Israel...

Author: /time Magazine | Title: An Olive Branch or a Stick? | 4/8/2002 | See Source »

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