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...that AIG FP sold at least through 2005, and the companies were collecting on the insurance-like derivatives. AIG paid out an additional $43.7 billion to many of the same banks, which were also customers of the securities-lending operation run out of AIG's insurance division. In this case, AIG managed to take a business specifically designed to be low risk, low return and amp it into another dicey venture - with taxpayers on the hook...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...results confirmed the value of annual screening in detecting cancer. After seven years, 2,820 cases of cancer were caught in the group that had been instructed to have annual checkups, vs. 2,322 in the group that was left on its own - a difference of 22%. The reasonable conclusion is not that the second group just happened to be healthier but that a significant share of their cancers went undetected. So case closed, right...

Author: /time Magazine | Title: Prostate Exams: When Are They Necessary? | 3/19/2009 | See Source »

...shouldn't doctors attack any cancer aggressively? Usually, but in the case of the prostate, things are less clear. Many cases of prostate cancer are very slow-growing, so slow that, depending on a man's age and overall health, he may die of something else before the cancer can ever hurt him. Meanwhile, aggressive treatments, particularly surgery, can lead to impotence or incontinence or both - a high price to pay for a disease that was not going to trouble you much...

Author: /time Magazine | Title: Prostate Exams: When Are They Necessary? | 3/19/2009 | See Source »

...original version of this story failed to mention that the prosecution's case was based in part on a letter that was seized by the feds at al-Arian's home but had never actually been sent...

Author: /time Magazine | Title: A Florida Terrorism Suspect's Legal Odyssey | 3/18/2009 | See Source »

...Just in case, the Obama Administration has taken a separate approach that would allow the Environmental Protection Agency (EPA) to move unilaterally on regulating greenhouse gases, without the need for congressional action. That process, however, is long and subject to court challenge without a legislative mandate. "It appears that the Administration is letting Congress take the lead while the EPA moves forward with welcome steps to combat global warming, like the proposed rules this week to create a registry for carbon-dioxide emissions," says John Walke, clear-air director of the Natural Resources Defense Council (NRDC). "The EPA has been...

Author: /time Magazine | Title: Is Obama's Environmental Agenda Losing Out? | 3/18/2009 | See Source »

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