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...rest of the global financial system with it. AIG had already cost the taxpayers some $170 billion, mostly to repair the damage done by one of its units, AIG Financial Products (AIG FP), which last year alone piled up $40 billion in losses related to its dealings in complex mortgage bond derivatives...

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

...emotional vectors of their relationship are both constant and complex. When Giammetti pursues one line of argument, Valentino huffs, "Once you get an idea in your head..." "And you're not stubborn?" asks Giammetti. "No," Valentino insists. A pause. "Almost never." Yet everyone in the couture world knows that each is an incomplete half of one fabulous organism. Even Giammetti is impressed: "I've never seen two people so close for so many years, not being married." For the designer of couture inspired by American movies, it's only fitting that he and Giammetti should live out an old-fashioned...

Author: /time Magazine | Title: Ode to a Fashion Legend, Valentino: The Last Emperor | 3/18/2009 | See Source »

...freshman mind in Lamont last night, it was that in a few wee hours, Housing Day would soon be upon them. It might seem inconvenient that the big day falls in the midst of mid-terms. For some, Housing Day is nothing but the unsolvable end sum of a complex mathematical algorithm by which they will be assigned a place of living. And for others, it’s just an annoyance; a lack of perfect information in Harvard’s centrally planned real estate market. But for one subset of the freshman class, Housing Day is the culmination...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: Bystander: Climbing the Housing Ladder | 3/18/2009 | See Source »

Somewhere, in a land known among common folk as “the Quad,” there is a House called Cabot. Trouble is, no one’s quite certain of where that fabled complex lies, and few other than its mostly anonymous residents have actually been there...

Author: By Edward-michael Dussom | Title: The Housing Crisis: Cabot House | 3/18/2009 | See Source »

...Parliament; currently, only five Independents sit in the 646-member House of Commons. To bolster its image as the anti-party party, the Jury Team has no manifesto and espouses no central policy. Its name, organizers say, reflects that juries made up of regular people can make decisions about complex problems with integrity and without any vested interests - qualities the Team feels carry more weight than does the experience of being a member of the political establishment. (The name also, of course, may reflect its founder's narcissistic joke: Judge and Jury Team...

Author: /time Magazine | Title: Britain's New American Idol Political Party | 3/17/2009 | See Source »

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