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...process of unwinding its large derivative-trading book; in the past few months, it has terminated as much as $1.1 billion in derivative contracts. Traders say Goldman Sachs, Citigroup and others have either driven hard bargains with AIG or made specific trades that would benefit from AIG's problems. Those moves are exacerbating the losses at AIG and increasing the cost of the insurer's bailout. "There is an argument to be made that the recent profits at the banks are because of AIG," says Bianco...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...just 39% support and fared particularly poorly in the Kurdish areas of southeastern Turkey, where Erdogan had campaigned most fiercely. The AKP used to do well in the southeast, but that was when it focused on delivering real improvements in political and cultural rights and economic conditions (often driven by the E.U. accession process) rather than brandishing nationalist slogans...

Author: /time Magazine | Title: Why Can't Europe and Turkey Get Along | 4/2/2009 | See Source »

...took four deaths to bring this to the attention of a U.S. Senator and to ask for a formal investigation," Cornyn says. After Cornyn began asking questions, the Army ordered Brigadier General F.D. Turner to investigate. Recruiters told him that their task is a "stressful, challenging job that is driven wholly by production, that is, the numbers of people put into the Army each month," Turner disclosed Dec. 23 after a two-month probe...

Author: /time Magazine | Title: Why Are Army Recruiters Killing Themselves? | 4/2/2009 | See Source »

...appears to have realized that a few tracks with vocals and clear pop melodies can increase an album’s popularity—even hipsters enjoy the occasional sing-along session. Like Deacon’s previous work, “Bromst” is still primarily instrumentally driven, but his sound has evolved into something catchier, lighter, and ultimately more inviting. “Build Voice,” the album’s opener, begins with a grating, repetitive drone which eventually becomes the backbone of the entire track. After your ears adjust to the initial irritation...

Author: By Victoria J. Benjamin, CONTRIBUTING WRITER | Title: Dan Deacon | 4/2/2009 | See Source »

...RHODE ISLAND 0In the first game of the doubleheader, the Crimson offense struck first in the third inning. Macadam singled to center field to drive in sophomore Emily Henderson, but the Harvard bats were not finished. With two outs in the inning, Schellberg doubled in two runs and was driven in herself by Francis’ double to left field. Harvard took the field in the top-half of the fourth inning ahead 4-0—a comfortable lead with Brown on the mound. The rookie phenom continued her dominance as a starter, pitching four scoreless innings, allowing...

Author: By Zachary H. Richner, CONTRIBUTING WRITER | Title: Harvard Bats Come Alive in Sweep | 4/2/2009 | See Source »

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