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...signs of gaining traction. According to the media-metrics firm comScore, Bing captured 8.9% of the search-engine queries in July, a tiny increase from 8.4% in June. "All of us in the search industry were surprised by Bing," says Anna Patterson, a former Google engineer who has since gone on to found Cuil (pronounced Cool), one of the many smaller search start-ups in Google's shadow. "It's the first time you have someone with deep pockets that's willing to lose money in order to compete with Google, and they're willing to stick with it over...
...house. When Choe bought last fall, he figured the air was still coming out of real estate, but his older son was about to start kindergarten, and he wanted to settle into the right school district. "My thinking was, It's not the bottom, but it's gone down enough," he says. (See pictures of modernist houses available for rent...
Still, an AIG default could have been catastrophic for Goldman, although Goldman claims to have been perfectly hedged against an AIG bankruptcy. "If AIG would have gone bankrupt, it would have affected every institution in the world, because it would have had a big effect on the entire financial system," explains David Viniar, Goldman's CFO. He countered, though, that Goldman would have most likely figured out how to make money trading in such a volatile environment. (See TIME's AIG cover...
...trouble by not getting off the school bus when he saw things happening that made him uncomfortable. He studied hard. He was the valedictorian of his 1971 graduating class at the predominantly black Thomas Jefferson High School. At 16, he applied to Harvard, solely because Harvard had gone to the school to recruit. Using a combination of financial aid and scholarships, he graduated in 1975. Ben Bernanke was in his class. In the class-of-'75 yearbook, Bernanke was pictured near Blankfein, who was wearing a fashionable houndstooth blazer with groovy wide lapels. Blankfein then enrolled at Harvard Law School...
...Kennedy’s death has been called an “end of an era” by many commentators. It’s true that as the last surviving brother of a remarkable family, his passing has pushed many Americans to sadly remember the long-gone days of touch football on the White House lawn or the youthful idealism that helped put a man on the moon. But the influence of the Kennedy brothers on Washington continues to be felt, and their brand of politics, focusing on hope for a better world and a strong commitment to public...