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According to a report produced by a division of bond manager BlackRock in November 2008, AIG would probably have been able to strike settlements that, at least at the time, could have saved the giant troubled insurer, and taxpayers, billions of dollars. Instead, after a few days of harried discussions, the Federal Reserve Bank of New York - which was orchestrating the government's bailout of AIG - instructed the insurer to pay its counterparties, which included Goldman Sachs and a number of European banks, in full. The BlackRock report is one of many documents recently unearthed by a congressional investigation into...

Author: /time Magazine | Title: Could the U.S. Have Saved Billions on AIG Rescue? | 1/27/2010 | See Source »

Amaker—who played and coached under Mike Krzyzewski at Duke before becoming head coach at Seton Hall and Michigan—has taken giant steps to turn a titleless team from the Ivy League into one that battles top programs on the court in games and off the court for standout recruits...

Author: By Martin Kessler, CRIMSON STAFF WRITER | Title: Image Evolves Under Amaker | 1/26/2010 | See Source »

...industry aren't. We spend a week or even a month with very interesting people who are experts in something. It's like playing in someone else's universe. We're working on one now with a group of nearly 20 engineers and designers and we're building a giant machine in a warehouse that we'll shoot in February...

Author: /time Magazine | Title: OK Go's Damian Kulash | 1/25/2010 | See Source »

...giant hurdle that looms large for everyone at the festival - and the industry across the country - is piracy. Like the latest chart topping CDs or DVDS, at stoplights around the country hawkers peddle cheap, illegal copies of the latest book titles at car windows for a fraction of the price. That's hard for small book stores like Full Circle to overcome. "The minute you have a best seller, it doesn't even take five days for book pirates to sell it on the street," laments Malhotra. "You drive down any of the main roads in Delhi...

Author: /time Magazine | Title: In Jaipur, the Indian Book Market Comes Into Its Own | 1/24/2010 | See Source »

...rumbling of Chinese competition has been growing steadily louder this month. According to the Bangkok Post, for example, China's consumer appliance giant Haier is planning to take advantage of the FTA by investing $9 million more into its factories in Thailand to churn out more fridges, washing machines and air conditioners. Indonesia is so jittery by the prospect of such moves that the country's Trade Minister, Mari Pangestu, has notified the secretariat of ASEAN (Association of Southeast Asian Nations) that Jakarta wants to delay the inclusion of hundreds of domestically produced items like textiles, food products and electronics...

Author: /time Magazine | Title: Free Trade With China: ASEAN's Winners and Losers | 1/22/2010 | See Source »

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