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...exactly $115 million more than the bonuses at the center of the current controversy. Cassano, who helped found the AIG FP unit in 1987, built his money machine not on anything fraudulent but on what's been described as regulatory arbitrage. As Bernanke explained recently, "AIG exploited a huge gap in the regulatory system. There was no oversight of the Financial Products division. This was a hedge fund, basically, that was attached to a large and stable insurance company...

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

...cumbersome to produce too. In the old days, two 65-mm, 150-lb. film cameras--each shooting the same scene in sync--were used to make a 3-D picture. The gap between the lenses simulates the space between our eyes, adding space perception. But with film, you never knew how the shot would turn out until later...

Author: /time Magazine | Title: Are 3-D Movies Ready for Their Closeup? | 3/19/2009 | See Source »

...first large-scale study to document the extent of the race gap in heart disease, researchers report that one in 100 black adults develop heart failure in their 30s and 40s - a rate 20 times higher than that of similarly aged white men and women. In fact, the heart failure rate among young black adults was more like that of white men and women in their 50s and 60s. "What these data point out is that it's important to recognize that disease patterns differ in different populations," says Dr. Kirsten Bibbins-Domingo, one of the study's authors...

Author: /time Magazine | Title: For Blacks, Risk of Heart Disease Starts Much Younger | 3/18/2009 | See Source »

...concerned, excessive focus on the “female” has a detrimental impact on “empowerment.” Empowerment demands success regardless of gender and has been achieved by many women at Harvard. None of my Harvard experiences has indicated the gender gap in leadership positions that the forthcoming Women’s Center report promises to show, as women hold top spots in every one of my extracurricular activities. Indeed, both the UC president and vice president are currently women, as is the president of Harvard. But these women have been elected...

Author: By Olivia M. Goldhill | Title: From a Woman of the College | 3/18/2009 | See Source »

...Selling the parks does not bring in enough capital to close the gap in a deficit that will be well over $1 trillion this year, so the list of items that the U.S. would have to sell or lease needs to be a great deal longer. It is not well-know that the Minerals Management Service of the Interior Department is the second largest source of income to the U.S. government. Last year, it was revealed that employees of this office were routinely taking money and having sexual relationships with oil company executives. According to The Wall Street Journal, government...

Author: /time Magazine | Title: Will the U.S. Sell Assets As the British Government Did? | 3/16/2009 | See Source »

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