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...rescued the insurer. At the center of the hearing, which was held by the House Committee on Oversight and Government Reform, were the payments that AIG made to banks that bought credit-default-swap (CDS) bond insurance from the firm. Members of the panel grilled Treasury Secretary Timothy Geithner, head of the Federal Reserve Bank of New York in late 2008, as to why he allowed AIG to pay the banks the starting value of the CDS contracts when the bonds had fallen significantly in price. Other mortgage-bond insurers at the time were able to strike deals to tear...

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

...years later, I recall that moment because of the attention that is finally being paid to injuries in pro football - at least head injuries, prompted by the wonderful reporting of Alan Schwarz of the New York Times. But I also think about it because I know the focus will not trickle down to where it is needed most: the high school level. Research has shown that young players are far more susceptible than older ones to serious injuries. (Comment on this story...

Author: /time Magazine | Title: Texas Football and the Price of Paralysis | 1/27/2010 | See Source »

There should be an ambulance at every high school game. There should be trainers. But don't bet on it, as school districts cry a lack of money. Kids will continue to suffer serious head injuries. Kids will continue to become paralyzed because they never learned how to properly tackle, with their heads up. The game's violence will continue because that's exactly why we like it, our gladiatorial lust still intact 16 centuries after the Romans. The bigger the hit, the greater the roar...

Author: /time Magazine | Title: Texas Football and the Price of Paralysis | 1/27/2010 | See Source »

Miami Beach City Commissioner Jerry Libbin seems to hope so, as he declared Jan. 20 “Harry Parker Day” in the city to thank Harvard’s heavyweight head coach for bringing his (and Radcliffe’s) crews to the Ronald W. Shane Center for a winter training trip...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Miami Recognizes Coach Harry Parker | 1/27/2010 | See Source »

...David Catania moved to do just that, introducing a bill that would implement Initiative 59, with the co-sponsorship of nine of the 13 council members. Don't ask him if there are more serious issues he should be working on. "Every time someone says that, I think my head should explode," he says. "As far as I'm concerned, this is an important issue. The evidence I've seen certainly suggests a powerful medicinal use for marijuana that can stimulate appetite and can reduce pain and suffering. So frankly that's my decision, and I'm capable of doing...

Author: /time Magazine | Title: Medical Marijuana Finally Heads for D.C. | 1/27/2010 | See Source »

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