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...Furthermore, AIG's newly installed CEO, Edward M. Liddy, told Treasury last week that the AIG traders in question were still needed because only they could minimize the damage they had done. "AIGFP's books also contain a significant number of complex - so-called bespoke - transactions that are difficult to understand and manage," the company announced in a document sent to the Treasury by Liddy. "This is one reason replacing key traders and risk managers would not be practical on a large scale. Personal knowledge of the trades and the unique systems at AIGFP will be critical to an effective...
...Ahmadinejad's path to re-election could be made more difficult, however, if he's challenged by some of the more pragmatic conservative elements who've been alarmed by the incumbent's handling of the economy and foreign policy. For now, Ahmadinejad is the sole conservative candidate, but Tehran mayor Mohammed Baqer Qalibaf has signaled his intention to run, and there has also been talk of a presidential bid by former Foreign Minister Ali Akbar Velayati, who carries the backing of such powerhouses in the pragmatic centrist ranks as former President Akbar Hashemi Rafsanjani, chairman of the clerical body that...
...arose from the death shortly after birth of one of the seven children he fathered with his daughter. The ailing baby was not allowed the medical care it needed. But when he addressed the court on Monday, the accused spent more time talking about himself. "I had a very difficult childhood," Fritzl told the court, his voice trembling. "My mother didn't want me. I was beaten." His attorney, Rudolf Mayer, added that a "man who put so much effort into keeping two families cannot be called a monster," urging the jurors to "keep emotion out of this." (See pictures...
...surprised,” Mount said. Students shared similar sentiments about the shrinking job market. Tracy L. Meng ’10 said she secured an internship with a consulting firm this summer, but said that this year’s job process had been especially difficult. “It’s been tough, and I’ve been grateful to have an offer,” she said. “I think that eRecruiting is one of the most stressful processes someone can do...It’s your life for the month of February...
...Office has said the proposal would be "revenue neutral," which means it wouldn't add to the deficit. It would include a minimum defined-benefits package, with no exclusions for pre-existing conditions. That would address two problems people now encounter on the individual insurance market, where it is difficult for many to find the coverage they need at a price they can afford. What's more, their bill can boast something no other plan has at this point: bipartisan support. In the Senate, Wyden's Republican co-sponsors include Utah's Bob Bennett, Idaho's Mike Crapo, South Carolina...