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...Klein disparages in "Village Idiots" [Jan. 11]. While the value of the health care reform bill is debatable - 30 million people may get coverage that may or may not be worthwhile - I can't understand why anyone would not be outraged that the government is forcing them to buy private insurance from an industry that routinely pays CEOs seven figures while denying sick, dying people coverage. How is that not outrageous? Ezra Abrams Newton, Mass...
Xfinity? Huh? It's no surprise that the blogosphere had a field day with the name. Gizmodo called it the "worst, pseudo-pornographic, retrofuturistic marketing dollars can buy." Another well-trafficked blog, the Consumerist, also said Xfinity sounded like a porn company. "Sorry, it just does," the site wrote. In an unscientific poll, I asked a few people for their first thoughts when I mentioned the name. The responses: "Porn." "Porn." "Stupid." "An energy drink or a porn site." "Stupid name." "Not positive." "Extreme sports." "A satellite something." "A car." "Drugs and porn...
...morning to make her way up to Delmas to wait in line for three hours for her bag of rice. But it's not the wait that bothers her but the 250 Gourdes (or about $6) she had to pay for a carte or coupon. "We're obliged to buy the coupons because we can't find food," says the mother of a three-year old son. (See TIME's exclusive photos from Haiti...
...Proprietary trading played a big role in manufacturing the CDOs and other instruments that were at the heart of the financial crisis," says Michael Madden, a managing director of the investment firm BlackEagle Partners and a former Lehman executive. "If firms weren't able to buy up the parts of these deals that wouldn't sell ... the game would have stopped a lot sooner...
...companies can't sell stock or bonds as easily as investors would like to buy them, the cost of capital will go up," says James Ellman, president of the money-management firm Seacliff Capital. "That hurts companies' ability to expand, buy equipment and create jobs. GDP grows slower." (See pictures of TIME's Wall Street covers...