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...encourage banks to make more loans. Yes, banks have gotten nearly $300 billion in money from the government, and that's a lot of dough. But it's not free dough. In return for federal cash, the government has taken preferred-stock shares as the firm's markers. Unlike common stock, which is the kind you or I would buy from a broker, preferreds have to eventually be paid back, so they are really loans, not additional capital. (See which country has the best bailout plans...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

...lightweight craft that's relatively inexpensive to fix and fuel. But many versions of the 206 don't have the space or the engine power to carry the safety equipment needed to fly at night or in bad weather. Flying an underpowered helicopter blind in foul weather is a common cause of fatal crashes, safety experts say. "There's nothing wrong with the Bell 206, but you have to recognize it's a small aircraft," says Vernon Albert, who founded 34 EMS flight programs, 15% of the nation's total fleet. "But where I get the rub is when...

Author: /time Magazine | Title: First Person: Taking a Ride on an EMS Helicopter | 1/30/2009 | See Source »

...meantime, some EMS chopper companies are deciding to spend lots of money to prevent what they believe is a common cause of many accidents. Air Methods Corp. of Englewood, Colorado operates 335 aircraft, the largest medical helicopter fleet in the U.S. Last year, the company experienced two fatal crashes in two months. The first accident, in May 2008, may fit the industry's crash profile. The helicopter went down on a night flight to the airport in Madison, Wisconsin, possibly as it encountered rain and fog, according to the transportation safety board's initial report. Three crew members died...

Author: /time Magazine | Title: Chopper Safety: A Clash Between Federal Agencies | 1/30/2009 | See Source »

...helicopter crashed into another chopper in mid-air on a sunny day over Flagstaff, Arizona, killing seven. Even though the second crash did not fit the pattern, pilots experiencing emergencies when they hit low visibility - which is called "unplanned transition to Instrument Flight Rules" in industry parlance - "is a common theme," says Brian Foster, Air Methods' director of operations...

Author: /time Magazine | Title: Chopper Safety: A Clash Between Federal Agencies | 1/30/2009 | See Source »

...their battle skills. Although they, too, waged a decades-long armed struggle against the Burman-dominated regime, the Kachin signed a ceasefire with the government in 1994. Despite a boom in forestry and casinos in Kachin State, quality of life for many Kachin remains poor, with forced-labor campaigns common, along with human-trafficking to nearby China...

Author: /time Magazine | Title: A Closer Look at Burma's Ethnic Minorities | 1/30/2009 | See Source »

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