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...CDSs from AIG FP. Or they could simply speculate with the instrument. It all worked fine until overbuilding by housing firms and overleveraging by consumers caused the bubble to burst. Which in turn caused the value of CDOs to plunge. Which caused holders of CDSs on such securities to demand payment from...

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

...That's the plight of most everyone in Burma, even the ethnic Burmese. Balancing on a narrow bamboo raft in the middle of the Irrawaddy River, ethnic Burmese migrant Aung Tun sifts for specks of gold. Over the past decade, Chinese demand for gold has skyrocketed, and thousands of ethnic Burmese have moved to Kachin to pan for the mineral, as well as mine jade. But for the right to float his raft on the river, Aung Tun must pay fees to the Burmese government, the Burmese police and the KIO. If the specks of gold...

Author: /time Magazine | Title: The Scramble For A Piece of Burma | 3/19/2009 | See Source »

...projected budget shortfalls come at a time when nonprofits' services are most in demand. Last year the United Way saw a 68% increase nationally in the number of calls for basic needs, according to "The Quiet Crisis." The state of Arizona reported a doubling in the number of people who sought social services last year, and 70% of the nonprofits in Michigan reported an increased demand for services...

Author: /time Magazine | Title: Nonprofit Squeeze: Donations Down, Volunteers Up | 3/19/2009 | See Source »

...spite of increased demand, the Gen Ed committee is finding it difficult to recruit professors to teach within the new program...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Engendering Gen Ed | 3/18/2009 | See Source »

...study globally relevant issues, Alford said. As a result, he said, he was not surprised that Goodman had received an offer to continue his scholarship in what may be the country’s most internationally diverse city. “[Goodman]’s been in great demand, and he’s very highly regarded,” he said. “A number of institutions would love to have him on their faculty.” —Staff writer Athena Y. Jiang can be reached at ajiang@fas.harvard.edu...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: HLS Prof To Leave Harvard for NYU | 3/18/2009 | See Source »

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