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...that there was no reason for panic. But after the failure of investment bank Lehman Brothers, the sale of Merrill Lynch, and the bailout of home-mortage giants Fannie Mae and Freddie Mac, hundreds of Singaporeans were taking no chances. Standing in the crowd outside AIA's offices, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy is linked to, but she was determined to sell the financial instrument at the earliest opportunity. "I'm a little worried," Foo said with a tight smile...

Author: /time Magazine | Title: Wall Street Meltdown: Global Fallout | 9/17/2008 | See Source »

...customers that there would be no such event. The "financial resources" of AIG's Singapore-based insurance subsidiary currently met its requirements, regulators stated in a press release. But so far, consumers in this global market have been far from comforted. Standing in the crowd on Wednesday, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy is linked to. She was determined to sell at the earliest opportunity. "I'm a little worried," Foo said with a tight smile...

Author: /time Magazine | Title: AIG Bailout Spooks Customers Around the World | 9/17/2008 | See Source »

...move and are frozen to the spot. One bunny pulls a wagon with a boom box that blares "Little Bunny Foo Foo," and a bunny brass band, with a tuba and trombone, marches by. I glance at my cousin and see the light sparkling from his eyes. "See?" says the oldest man at Burning Man. At last he'd found his inspiration. "This is the kind of thing you could never explain...

Author: /time Magazine | Title: The Oldest Man at Burning Man | 9/1/2008 | See Source »

...have an acoustic, folk-inspired sound. When considered as a whole, the two halves form a distinctive album that is about partying with abandon in one moment and picking up the pieces of your life in the next. Gil Norton, whose past credits include efforts by the Foo Fighters, produced the first half, while Brian Deck, who has worked with Iron & Wine, is responsible for the second half. Norton’s influence is apparent in the album’s unsparing opening track “1492,” a song about moral disintegration—something Duritz?...

Author: By Claire J. Saffitz, CRIMSON STAFF WRITER | Title: Counting Crows | 4/11/2008 | See Source »

...back home, demeaning labor cattle calls and desperate housing improvisations in the U.S. (including makeshift rooms over loud, 24-hour racquetball courts in Queens). It's a milieu ripe with characters like a stuttering S&M photographer played with delightful understatement by Golden Globe nominee John Leguizamo (To Wong Foo, Thanks For Everything, Julie Newmar); and a gorgeous street vendor and aspiring salsa singer played by Ana de la Reguera (Jack Black's heartthrob in Nacho Libre...

Author: /time Magazine | Title: An Honest Look at Illegal Immigration | 3/11/2008 | See Source »

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